:

product description page

Numerical Partial Differential Equations in Finance Explained : An Introduction to Computational Finance

Numerical Partial Differential Equations in Finance Explained : An Introduction to Computational Finance - image 1 of 1

about this item

This book provides a first, basic introduction into the valuation of financial options via the numerical solution of partial differential equations (PDEs). It provides readers with an easily accessible text explaining main concepts, models, methods and results that arise in this approach.  In keeping with the series style, emphasis is placed on intuition as opposed to full rigor, and a relatively basic understanding of mathematics is sufficient.

The book provides a wealth of examples, and ample numerical experiments are givento illustrate the theory. The main focus is on one-dimensional financial PDEs, notably the Black-Scholes equation. The book concludes with a detailed discussion of the important step towards two-dimensional PDEs in finance.

Number of Pages: 128
Genre: Business + Money Management, Mathematics
Series Title: Financial Engineering Explained
Format: Hardcover
Publisher: Palgrave Macmillan
Author: Karel In 't Hout
Language: English
Street Date: September 15, 2017
TCIN: 52065624
UPC: 9781137435682
Item Number (DPCI): 248-40-6408

guest reviews

Prices, promotions, styles and availability may vary by store & online. See our price match guarantee. See how a store is chosen for you.