Discrete-Time Approximations and Limit Theorems

In Applications to Financial Markets

• Author(s): Yuliya Mishura, Kostiantyn Ralchenko,
• Publisher: Walter de Gruyter GmbH & Co KG
• Pages: 390
• ISBN_10: 3110652994
  ISBN_13: 9783110652994
  
• Language: en
• Categories: Mathematics / Probability & Statistics / General , Business & Economics / Finance / General , Mathematics / Applied , Mathematics / Probability & Statistics / Stochastic Processes ,

Description:... Financial market modeling is a prime example of a real-life application of probability theory and stochastics. This authoritative book discusses the discrete-time approximation and other qualitative properties of models of financial markets, like the Black-Scholes model and its generalizations, offering in this way rigorous insights on one of the most interesting applications of mathematics nowadays.