01676nam a2200217Ia 4500 CTU_153127 210402s9999 xx 000 0 und d 75.17 332.01 M986 Musiela, Marek Martingale methods in financial modelling Marek Musiela, Marek Rutkowski. Berlin New York Springer 2007 In the 2nd edition some sections of Part I are omitted for better readability, and a brand new chapter is devoted to volatility risk. As a consequence, hedging of plain-vanilla options and valuation of exotic options are no longer limited to the Black-Scholes framework with constant volatility. The theme of stochastic volatility reappears systematically in Part II, that has been revised fundamentally, presenting much more detailed analyses of interest-rate models: the authors' perspective throughout is that the choice of a model should be based on the reality of how a particular sector of the financial market functions, never neglecting to examine liquid primary and derivative assets and identifying the sources of trading risk associated. This long-awaited new edition of an outstandingly successful, well-established book, concentrating on the most pertinent and widely accepted modelling approaches, provides the reader with a text focused on practical rather than theoretical aspects of financial modelling. Options (Finance),Derivative securities,Tài chính Mathematical models,Mathematical models,Mô hình toán học Năm Trung tâm Học liệu Trường Đại học Cần Thơ