TOOLS FOR COMPUTATIONAL FINANCE (UNIVERSITEXT) By Rudiger U. Seydel
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TOOLS FOR COMPUTATIONAL FINANCE (UNIVERSITEXT) By Rudiger U. Seydel. Dive into the world of computational finance with "TOOLS FOR COMPUTATIONAL FINANCE (UNIVERSITEXT)" by Rüdiger U. Seydel. The book's detailed content spans across 429 pages and covers a range of topics from number systems to general finance concepts, all geared towards enhancing your understanding and application of financial algorithms. The cover has some minor shelf wear. The binding is tight. The pages are clean and crisp. No writing or highlighting. Will be shipped carefully and quickly. The disciplines of financial engineering and numerical computation differ greatly, however computational methods are used in a number of ways across the field of finance. It is the aim of this book to explain how such methods work in financial engineering; specifically the use of numerical methods as tools for computational finance. By concentrating on the field of option pricing, a core task of financial engineering and risk analysis, this book explores a wide range of computational tools in a coherent and focused manner and will be of use to the entire field of computational finance. Starting with an introductory chapter that presents the financial and stochastic background, the remainder of the book goes on to detail computational methods using both stochastic and deterministic approaches.Now in its fifth edition, Tools for Computational Finance has been significantly revised and new chapter on incomplete markets which links to new appendices on Viscosity solutions and the Dupire equation;Several new parts throughout the book such as that on the calculation of sensitivities (Sect. 3.7) and the introduction of penalty methods and their application to a two-factor model (Sect. 6.7)Additional material in the field of analytical methods including Kim's integral representation and its computation Guidelines for comparing algorithms and judging their efficiency. An extended chapter on finite elements that now includes a discussion of two-asset options. Additional exercises, figures and references Written from the perspective of an applied mathematician, methods are introduced as tools within the book for immediate and straightforward application. A 'learning by calculating' approach is adopted throughout this book enabling readers to explore several areas of the financial world.Interdisciplinary in nature, this book will appeal to advanced undergraduate students in mathematics, engineering and other scientific disciplines as well as professionals in financial engineering. Dive into the world of computational finance with "TOOLS FOR COMPUTATIONAL FINANCE (UNIVERSITEXT)" by Rüdiger U. Seydel. This comprehensive textbook, a part of the Universitext Series, serves as an essential resource for students and professionals alike, offering an in-depth exploration of finance through the lens of mathematics and computer science. The book's detailed content spans across 429 pages and covers a range of topics from number systems to general finance concepts, all geared towards enhancing your understanding and application of financial algorithms. Published in 2012 by Springer, the book's trade paperback format presents a blend of theory and practical applications, making it an invaluable addition to any academic or professional library. With its clear and engaging language, this text is ideal for readers interested in expanding their knowledge in the dynamic field of finance, without the distractions of unnecessary embellishments. >>Powered by WonderLister App
