Authors: Peter M. Knopf, Pace University
John L. Teall, LUISS Business School
Expected Release Date: August 2015
Imprint: Academic Press
Risk Neutral Pricing and Financial Mathematics: A Primer provides a foundation to financial mathematics for those whose undergraduate quantitative preparation does not extend beyond calculus, statistics, and linear math. It covers a broad range of foundation topics related to financial modeling, including probability, discrete and continuous time and space valuation, stochastic processes, equivalent martingales, option pricing, and term structure models, along with related valuation and hedging techniques. The joint effort of two authors with a combined 70 years of academic and practitioner experience, Risk Neutral Pricing and Financial Mathematics takes a reader from learning the basics of beginning probability, with a refresher on differential calculus, all the way to Ito's Lemma, Girsanov, SDEs and single-factor bond models. It can also serve as a useful resource for actuaries preparing for Exams FM and MFE (Society of Actuaries) and Exams 2 and 3F (Casualty Actuarial Society).
The textbook has a number of pedagogical features. First, each chapter provides exercises to which detailed solutions are offered at the end of the text. There are a number of author-supplied web-based readings that provide more advanced derivations and proofs, other technical information and readings on related topics. Because terminology is often a hurdle for technical degree recipients, engineers and actuaries, there is an extensive glossary in the back of the text. In addition, Academic Press has provided this companion site (www. elsevierdirect.com/companions/9780128015346) for your access. This student companion site and the similar page on the author's website provides access to a number of Excel spreadsheets that complement materials in the text. In addition, the site will provide access to updates to the textbook. An instructor's website is included as well for registered instructors.
The authors welcome your comments and suggestions regarding our book and its online ancillary materials. Some of your suggestions we will be able to act on immediately, others may need to await a new edition of the text. We can be contacted by e-mail at email@example.com and by using contact information available on Professor Teall's web page at http://www.jteall.com.
|Spreadsheets for Risk Neutral Pricing||Additional Readings, Errata and Updates to the Text|
|PowerPoint Slides for Risk Neutral Pricing||Send an e-mail to John Teall|
|Financial Trading and Investing by John L. Teall||Send an e-mail to Peter Knopf|