Nicholas H. Bingham Libros

This updated second edition offers a thorough exploration of the probabilistic theory behind risk-neutral valuation, essential for pricing and hedging financial derivatives. It covers discrete and continuous stochastic processes, martingale theory, and includes new chapters on Credit Risk and Lévy finance, with additional resources available online.

An introduction to mathematical finance for graduate students, containing coverage of financial subjects which should also benefit practitioners of the subject. Based on a graduate course given to practitioners of finance, it provides an analysis of risk-neutral valuation.