Srdjan Stojanovic – Computational Financial Mathematics with Mathematica CD

Given the explosion of curiosity in mathematical strategies for fixing issues in finance and buying and selling, a substantial amount of analysis and improvement is going down in universities, giant brokerage companies, and within the supporting buying and selling software program business. Mathematical advances have been made each analytically and numerically find sensible options.

This e book gives a complete overview of present and unique materials, about what arithmetic when allied with Mathematica can do for finance. Sophisticated theories are offered systematically in a user-friendly fashion, and a strong mixture of mathematical rigor and Mathematica programming. Three sorts of resolution strategies are emphasised: symbolic, numerical, and Monte– Carlo. Nowadays, solely good private computer systems are required to deal with the symbolic and numerical strategies which are developed on this e book.

Key options: * No earlier information of Mathematica programming is required * The symbolic, numeric, information administration and graphic capabilities of Mathematica are totally utilized * Monte–Carlo options of scalar and multivariable SDEs are developed and utilized closely in discussing buying and selling points reminiscent of Black–Scholes hedging * Black–Scholes and Dupire PDEs are solved symbolically and numerically * Fast numerical options to free boundary issues with particulars of their Mathematica realizations are supplied * Comprehensive examine of optimum portfolio diversification, together with an unique idea of optimum portfolio hedging beneath non-Log-Normal asset worth dynamics is offered

The e book is designed for the educational neighborhood of instructors and college students, and most significantly, will meet the on a regular basis buying and selling wants of quantitatively inclined skilled and particular person traders.