{"product_id":"9780817641085","title":"Introduction to Option Pricing Theory","description":"\u003ch1\u003eIntroduction to Option Pricing Theory\u003c\/h1\u003e \u003ch2\u003eKallianpur, Gopinath; Karandikar, Rajeeva L.\u003c\/h2\u003e \u003cp\u003eSince the appearance of seminal works by R. Merton, and F. Black \nand M. Scholes, stochastic processes have assumed an increasingly \nimportant role in the development of the mathematical theory of \nfinance.  This work examines, in some detail, that part of stochastic \nfinance pertaining to option pricing theory.  Thus the exposition is \nconfined to areas of stochastic finance that are relevant to the \ntheory, omitting such topics as futures and term-structure. \n     This self-contained work begins with five introductory chapters \non stochastic analysis, making it accessible to readers with little or \nno prior knowledge of stochastic processes or stochastic analysis. \nThese chapters cover the essentials of Ito's theory of stochastic \nintegration, integration with respect to semimartingales, Girsanov's \nTheorem, and a brief introduction to stochastic differential \nequations. \n     Subsequent chapters treat more specialized topics, including \noption pricing in discrete time, continuous time trading, arbitrage, \ncomplete markets, European options (Black and Scholes Theory), \nAmerican options, Russian options, discrete approximations, and asset \npricing with stochastic volatility.  In several chapters, new results \nare presented.  A unique feature of the book is its emphasis on \narbitrage, in particular, the relationship between arbitrage and \nequivalent martingale measures (EMM), and the derivation of necessary \nand sufficient conditions for no arbitrage (NA). \n     {\\it Introduction to Option Pricing Theory} is intended for \nstudents and researchers in statistics, applied mathematics, business, \nor economics, who have a background in measure theory and have \ncompleted probability theory at the intermediate level.  The work \nlends itself to self-study, as well as to a one-semester course at the \ngraduate level.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Birkhäuser\u003c\/p\u003e \u003cp\u003ePublication Date: 1999-10-22\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9780817641085\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-1-4612-0511-1\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 269\u003c\/p\u003e ","brand":"Birkhäuser Boston","offers":[{"title":"Default Title","offer_id":46541254918284,"sku":"9780817641085","price":98.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9780817641085.jpg?v=1775733057","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9780817641085","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}