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Binding: PaperbackDewey Decimal Number: 332.60151 EAN: 9781852333300 ISBN: 1852333308 Label: Springer Manufacturer: Springer Number Of Items: 1 Number Of Pages: 310 Publication Date: July 06, 2003 Publisher: Springer Studio: Springer Accessories:
Editorial Review: Product Description: Designed to form the basis of an undergraduate course in mathematical finance, this book builds on mathematical models of bond and stock prices and covers three major areas of mathematical finance that all have an enormous impact on the way modern financial markets operate, namely: Black-Scholes' arbitrage pricing of options and other derivative securities; Markowitz portfolio optimization theory and the Capital Asset Pricing Model; and interest rates and their term structure. Assuming only a basic knowledge of probability and calculus, it covers the material in a mathematically rigorous and complete way at a level accessible to second or third year undergraduate students. The text is interspersed with a multitude of worked examples and exercises, so it is ideal for self-study and suitable not only for students of mathematics, but also students of business management, finance and economics, and anyone with an interest in finance who needs to understand the underlying theory. Average Rating:
 Rating: - Mathematics for Finance: A useful tool for the unskillled investorI enjoyed reading the book and solving exercises in it. I have a Ph.D.in chemistry and my wife and I did our his and her's MBA in the 1990s. I wanted to learn more concepts in finance and needed an easy entry, something I could enjoy, and without spending much money. The book by Capinski came recommended from a friend who teaches Economics at Cal State. I can speak for myself: I feel reasonably informed and I feel the book gave me concepts I can use to handle my own portfolio. In ... Read More Rating:  - IncoherentAnyone can scribble a bunch of equations on paper and call it a book. Without sufficient context, they are useless. Rating:  - Insufficient and disappointing. Not even a good introductury text.As a graduate student in Financial Engineering I have found this book useless. The title of the book is "Mathematics for Finance", but can you find in it even an elementary introduction to the stochastic processes? No. Ditto for the Ito's lemma and many other topics. The derivation of the Black Scholes formula is just sketched, and the insight that you can get from it is very limited. Nevertheless, I wouldn't mind these limitations if this book provided a clear introduction to more ... Read More Rating: - Great Book for Undergrad QuantsMathematics for Finance (An Introduction to Financial Engineering) is a book intended for undergrad students "IN MATHEMATICS" or other discipline with a relative high mathematical content. The book assumes some basic notion of Calculus and Probability Theory and it is focused more on the mathematics than in its theory and application of Finance. If you are looking to dwell into the mathematics (Proof of Equations) this is a great book, but if you are looking for a book that is rich in theory ... Read More Rating:  - Joining the chorusI can only echo the other reviewers. As far as I can tell this book has no serious competition. This is an excellent introduction to mathematical finance for those with a solid undergraduate level understanding of higher math but without graduate level exposure. I agree that it is ideal for self study as that is exactly what I am using it for. The price is right especially in contrast with its overpriced brethren. Five stars! |
