Mathematical techniques in finance an introduction

"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...

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Bibliographic Details
Main Author: Sadr, Amir
Format: eBook
Language:English
Published: Hoboken, New Jersey John Wiley & Sons, Inc. 2022
Series:Wiley finance series
Subjects:
Online Access:
Collection: O'Reilly - Collection details see MPG.ReNa
Description
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)"--
Item Description:Includes index
Physical Description:xxv, 236 pages illustrations
ISBN:9781119838418
9781119838425
111983841X
1119838428