Srdjan Stojanovic – Computational Financial Mathematics with Mathematica CD

Description

Given the explosion of curiosity in mathematical strategies for fixing issues in finance and buying and selling, quite a lot of analysis and improvement is happening in universities, massive brokerage corporations, and within the supporting buying and selling software program trade. Mathematical advances have been made each analytically and numerically find sensible options.

This e-book supplies a complete overview of current and unique materials, about what arithmetic when allied with Mathematica can do for finance. Sophisticated theories are offered systematically in a user-friendly type, and a strong mixture of mathematical rigor and Mathematica programming. Three sorts of answer strategies are emphasised: symbolic, numerical, and Monte– Carlo. Nowadays, solely good private computer systems are required to deal with the symbolic and numerical strategies which can be developed on this e-book.

Key options: * No earlier data of Mathematica programming is required * The symbolic, numeric, information administration and graphic capabilities of Mathematica are absolutely utilized * Monte–Carlo options of scalar and multivariable SDEs are developed and utilized closely in discussing buying and selling points akin to Black–Scholes hedging * Black–Scholes and Dupire PDEs are solved symbolically and numerically * Fast numerical options to free boundary issues with particulars of their Mathematica realizations are supplied * Comprehensive examine of optimum portfolio diversification, together with an unique principle of optimum portfolio hedging below non-Log-Normal asset value dynamics is offered

The e-book is designed for the tutorial neighborhood of instructors and college students, and most significantly, will meet the on a regular basis buying and selling wants of quantitatively inclined skilled and particular person traders.