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Zusatztext "? an excellent guide to modern financial modelling. ? The author promises that you can 'price exotic options without needing a single integration' and keeps the promise. ? The author's background in teaching makes this book easy to read."-Osmo Jauri! International Statistical Review! 2014"The book presents an entertaining and captivating course in option pricing! aiming to derive closed form analytical formulas for the prices of exotic options in an elegant way! provided such a formula exists. Thanks to the machinery developed by the author and his work group! pricing formulas for even the most complex exotic options are obtained from elementary pricing formulas using elegant arguments and simple algebraic manipulations! i.e. without lengthy integrations. ? a very valuable treatise on exotic option pricing in a Black-Scholes economy. In addition! every chapter concludes with a set of highly relevant and inspiring exercises."-Tamás Mátrai! Zentralblatt MATH 1242 Informationen zum Autor Peter Buchen is an Associate Professor of Finance at the University of Sydney Business School. Dr. Buchen is co-founder of the Sydney Financial Mathematics Workshop, has authored many publications in financial mathematics, and has taught courses in quantitative finance and derivative securities. His research focuses on mathematical methods for valuing exotic options. Klappentext Emphasizing analytical techniques rather than risk management issues! this book presents an applied mathematics approach to pricing a wide range of standard and exotic options within the Black-Scholes framework. It also covers the perceived complexities surrounding the field of exotic option pricing by deriving each pricing formula in detail. Zusammenfassung Emphasizing analytical techniques rather than risk management issues, this book presents an applied mathematics approach to pricing a wide range of standard and exotic options within the Black-Scholes framework. It also covers the perceived complexities surrounding the field of exotic option pricing by deriving each pricing formula in detail. Inhaltsverzeichnis Technical Background: Financial Preliminaries. Mathematical Preliminaries. Gaussian Random Variables. Applications To Exotic Option Pricing: Simple Exotic Options. Dual Expiry Options. Two-Asset Rainbow Options. Barrier Options. Lookback Options. Asian Options. Exotic Multi-Options. References. Index. ...
