Mathematical techniques in finance : an introduction / Amir Sadr.

Format:

Book

Author/Creator:

Sadr, Amir, 1963- author.

Series:

Wiley finance series.

Wiley finance series

Language:

English

Subjects (All):

Finance--Mathematical models.

Finance.

Physical Description:

1 online resource (267 pages)

Place of Publication:

Hoboken, New Jersey : John Wiley & Sons, [2022]

Summary:

"Finance as a distinct field from economics is generally defined as the science or study of the management of funds. The creation of credit, savings, investments, banking institutions, financial markets and products, risk management all fall under the purview of finance. The unifying themes in finance are time, risk and money. Mathematical or quantitative finance is the application of mathematics to these core areas. While simple arithmetic was enough for accounting and keeping ledgers and double-entry bookkeeping, Louis Bachelier's doctoral thesis, Theorie de la speculation published in 1900 used Brownian motion to study stock prices, and is widely recognized as the beginning of quantitative finance. Since then, the use of increasingly sophisticated and specialized mathematics has created the modern field of quantitative finance encompassing investment theory, asset pricing, derivatives, financial data science and the emerging area of crypto assets and Decentralized Finance (DeFi)"-- Provided by publisher.

Notes:

Includes bibliographical references and index.

Description based on print version record.

Includes index.

Other Format:

Print version: Sadr, Amir Mathematical Techniques in Finance

ISBN:

9781119838418

111983841X

OCLC:

1293450864