Convex Duality and Financial Mathematics
Series: SpringerBriefs in Mathematics;
- Publisher's listprice EUR 74.89
-
31 768 Ft (30 255 Ft + 5% VAT)
The price is estimated because at the time of ordering we do not know what conversion rates will apply to HUF / product currency when the book arrives. In case HUF is weaker, the price increases slightly, in case HUF is stronger, the price goes lower slightly.
- Discount 8% (cc. 2 541 Ft off)
- Discounted price 29 226 Ft (27 835 Ft + 5% VAT)
31 768 Ft
Availability
Estimated delivery time: In stock at the publisher, but not at Prospero's office. Delivery time approx. 3-5 weeks.
Not in stock at Prospero.
Why don't you give exact delivery time?
Delivery time is estimated on our previous experiences. We give estimations only, because we order from outside Hungary, and the delivery time mainly depends on how quickly the publisher supplies the book. Faster or slower deliveries both happen, but we do our best to supply as quickly as possible.
Product details:
- Edition number 1st ed. 2018
- Publisher Springer
- Date of Publication 28 July 2018
- Number of Volumes 1 pieces, Book
- ISBN 9783319924915
- Binding Paperback
- No. of pages152 pages
- Size 235x155 mm
- Weight 454 g
- Language English
- Illustrations 26 Illustrations, color 0
Categories
Long description:
This book provides a concise introduction to convex duality in financial mathematics. Convex duality plays an essential role in dealing with financial problems and involves maximizing concave utility functions and minimizing convex risk measures. Recently, convex and generalized convex dualities have shown to be crucial in the process of the dynamic hedging of contingent claims. Common underlying principles and connections between different perspectives are developed; results are illustrated through graphs and explained heuristically. This book can be used as a reference and is aimed toward graduate students, researchers and practitioners in mathematics, finance, economics, and optimization.
Topics include: Markowitz portfolio theory, growth portfolio theory, fundamental theorem of asset pricing emphasizing the duality between utility optimization and pricing by martingale measures, risk measures and its dual representation, hedging and super-hedging and itsrelationship with linear programming duality and the duality relationship in dynamic hedging of contingent claims
?This comprehensive work is prepared in a thoughtful way, rigorously and well-organized. ? This book can be used as a reference and is aimed toward graduate students, researchers and practitioners in mathematics, finance, economics, and optimization. ? This excellent book is very well embedded into the scientific landscapes of both financial mathematics and convex optimization, including numerous future potentials, very well exemplified and illustrated, and very well written.? (Gerhard-Wilhelm Weber, zbMath 1416.91003, 2019) More
Table of Contents:
1. Convex Duality.- 2. Financial Models in One Period.- 3. Finite Period Financial Models.- 4. Continuous Financial Models.- References.
More
Convex Duality and Financial Mathematics
Subcribe now and receive a favourable price.
Subscribe
31 768 HUF
