BULLETIN (New Series) OF THE AMERICAN MATHEMATICAL SOCIETY
نویسندگان
چکیده
The recent turmoil in financial markets has been partly caused by insufficient attention to rigorous financial modeling. Among the causes of this failing is the relative shortage of mathematically well trained professionals in the financial services industry. Shreve is a co-founder of one of the oldest and most successful masters degree programs in financial engineering, established at Carnegie-Mellon University in 1994. The lecture notes on which this book was based were tested and honed by Shreve over many years of teaching in this Computational Finance program. The result is a remarkable piece of pedagogy and a great service to all entrants to the field. What follows is a review of Steven Shreve’s masterful two-volume text, Stochastic Calculus for Finance, which introduces students to stochastic calculus as a tool for financial derivative pricing. I will begin with a brief outline of the nature of the subject and some of the major historical milestones, and then explain why I believe that Shreve’s text is the ideal introduction to the topic.
منابع مشابه
BULLETIN (New Series) OF THE AMERICAN MATHEMATICAL SOCIETY
Representations of semisimple Lie algebras in the BGG category í µí²ª, by James E.
متن کاملFrattini supplements and Frat- series
In this study, Frattini supplement subgroup and Frattini supplemented group are defined by Frattini subgroup. By these definitions, it's shown that finite abelian groups are Frattini supplemented and every conjugate of a Frattini supplement of a subgroup is also a Frattini supplement. A group action of a group is defined over the set of Frattini supplements of a normal subgro...
متن کاملGeneral Hardy-Type Inequalities with Non-conjugate Exponents
We derive whole series of new integral inequalities of the Hardy-type, with non-conjugate exponents. First, we prove and discuss two equivalent general inequa-li-ties of such type, as well as their corresponding reverse inequalities. General results are then applied to special Hardy-type kernel and power weights. Also, some estimates of weight functions and constant factors are obtained. ...
متن کاملUniserial modules of generalized power series
Let R be a ring, M a right R-module and (S,≤) a strictly ordered monoid. In this paper we will show that if (S,≤) is a strictly ordered monoid satisfying the condition that 0 ≤ s for all s ∈ S, then the module [[MS,≤]] of generalized power series is a uniserial right [[RS,≤]] ]]-module if and only if M is a simple right R-module and S is a chain monoid.
متن کاملA note on lacunary series in $mathcal{Q}_K$ spaces
In this paper, under the condition that $K$ is concave, we characterize lacunary series in $Q_{k}$ spaces. We improve a result due to H. Wulan and K. Zhu.
متن کامل