📗 Libro en inglés STOCHASTIC PROCESSES WITH APPLICATIONS TO FINANCE

Masaaki Kijima, Kijima Kijima

In an accessible treatment that strikes a balance between the abstract and the practical, this book presents the theory of discrete stochastic processes and their applications in finance. By presenting important results in discrete processes and showing how to transfer those results to their continuous counterparts, it imparts an intuitive and practical understanding of the subject. Applications to the pricing of derivative securities, corporate bonds, and credit derivatives are thoroughly explored. This book is ideal both as a text for a graduate-level class and as a reference for researchers and practitioners in financial engineering, operations research, and mathematical and statistical finance.