Levy Processes in Finance: Pricing Financial Derivatives
By Wim Schoutens.
Description
Financial mathematics has recently enjoyed considerable interest onaccount of its impact on the finance industry. In parallel, thetheory of Lévy processes has also seen many excitingdevelopments. These powerful modelling tools allow the user tomodel more complex phenomena, and are commonly applied to problemsin finance. Lévy Processes in Finance: Pricing FinancialDerivatives takes a practical approach to describing the theory ofLévy-based models, and features many examples of how they maybe used to solve problems in finance.* Provides an introduction to the use of L&eac...
ISBN(s)
0470851562, 9780470851562