{"product_id":"mathematical-finance-a-very-short-introduction-9780198787945","title":"Mathematical Finance: A Very Short Introduction","description":"In recent years the finance industry has mushroomed to become an important part of modern economies, and many science and engineering graduates have joined the industry as quantitative analysts, with mathematical and computational skills that are needed to solve complex problems of asset valuation and risk management. An important parallel story exists of scientific endeavour. Between 1965-1995, insightful ideas in economics about asset valuation were turned into a mathematical theory of arbitrage, an enterprise whose first achievement was the famous 1973 Black-Scholes formula, followed by extensive investigations using all the resources of modern analysis and probability. The growth of the finance industry proceeded hand-in-hand with these developments. Now new challenges arise to deal with the fallout from the 2008 financial crisis and to take advantage of new technology, which has revolutionized the practice of trading. \u003cp\u003e\u003c\/p\u003eThis \u003cem\u003eVery Short Introduction\u003c\/em\u003e introduces readers with no previous background in this area to arbitrage theory and why it works the way it does. Illuminating pricing theory, Mark Davis explains its applications to interest rates, credit trading, fund management and risk management. He concludes with a survey of the most pressing issues in mathematical finance today. \u003cp\u003e\u003c\/p\u003e\u003cstrong\u003eABOUT THE SERIES: \u003c\/strong\u003e The \u003cem\u003eVery Short Introductions\u003c\/em\u003e series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Oxford University Press, USA\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 03\/24\/2019\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780198787945\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 160\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.32lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 6.80h x 4.20w x 0.40d","brand":"Mark H. a. Davis","offers":[{"title":"Default Title","offer_id":41464804540597,"sku":"9780198787945","price":11.04,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0473\/0804\/6492\/products\/img_e397af8a-4e41-4004-826b-5dc7d6754e3a.jpg?v=1640196101","url":"https:\/\/pastforward.org\/products\/mathematical-finance-a-very-short-introduction-9780198787945","provider":"Past Forward","version":"1.0","type":"link"}