Stochastic Finance
| By: | Albert N. Shiryaev; Maria do Rosário Grossinho; Paulo E. Oliveira |
| Publisher: | Springer Nature |
| Print ISBN: | 9780387282626 |
| eText ISBN: | 9780387283593 |
| Edition: | 1 |
| Copyright: | 2006 |
| Format: | Page Fidelity |
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Since the pioneering work of Black, Scholes, and Merton in the field of financial mathematics, research has led to the rapid development of a substantial body of knowledge, with plenty of applications to the common functioning of the world’s financial institutions. Mathematics, as the language of science, has always played a role in the development of knowledge and technology. Presently, the high-tech character of modern business has increased the need for advanced methods, which rely to a large extent on mathematical techniques. It has become essential for the financial analyst to possess a high degree of proficiency in these mathematical techniques.