Stochastic Finance - (De Gruyter Textbook) 5th Edition by Hans Föllmer & Alexander Schied (Paperback)

About the Book

This fifth, newly revised edition of the classical introduction to the mathematics of finance, is based on stochastic models in discrete time. Updates include, new chapter on dynamic portfolio strategies, enhanced graphics with real-world data, impr

Book Synopsis

This book provides an introduction to probabilistic methods in finance, based on stochastic models in discrete time. It is aimed primarily at graduate students in mathematics but may also benefit mathematicians in academia and the financial industry.　 In this fifth edition, the entire text has been thoroughly revised to enhance clarity and completeness. This includes new sections on

About the Author

Hans Föllmer is Professor emeritus at Humboldt University of Berlin. He was also Professor at ETH Zurich and the University of Bonn, Distinguished Visiting Professor at the National University of Singapore, and Andrew D. White Professor-at-Large at Cornell University.

Alexander Schied is Professor at the University of Waterloo and holds the Munich Re Chair in Stochastic Finance and a University Research Chair.