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Cover image for book The Mathematics of Arbitrage

The Mathematics of Arbitrage

By:Freddy Delbaen; Walter Schachermayer
Publisher:Springer Nature
Print ISBN:9783540219927
eText ISBN:9783540312994
Edition:0
Copyright:2006
Format:Page Fidelity

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This book presents a rigorous mathematical treatment of the theory of pricing and hedging of derivative securities by the principle of "no arbitrage". The first part presents a relatively elementary introduction, restricting itself to the case of finite probability spaces. The second part consists of an updated edition of seven original research papers by the authors, which analyzes the topic in the general framework of semi-martingale theory.