商品描述
This textbook on the basics of option pricing is accessible to readers with limited mathematical training. It is for both professional traders and undergraduates studying the basics of finance. Assuming no prior knowledge of probability, Sheldon M. Ross offers clear, simple explanations of arbitrage, the Black-Scholes option pricing formula, and other topics such as utility functions, optimal portfolio selections, and the capital assets pricing model. Among the many new features of this third edition are new chapters on Brownian motion and geometric Brownian motion, stochastic order relations, and stochastic dynamic programming, along with expanded sets of exercises and references for all the chapters.
商品描述(中文翻譯)
這本有關選擇權定價基礎的教科書適合數學訓練有限的讀者。它適用於專業交易員和學習金融基礎的本科生。假設讀者對機率沒有先前的了解，Sheldon M. Ross 提供了對套利、Black-Scholes 選擇權定價公式以及其他主題（如效用函數、最佳投資組合選擇和資本資產定價模型）的清晰簡單解釋。本書第三版的許多新特點包括新增的章節，涵蓋布朗運動和幾何布朗運動、隨機順序關係以及隨機動態規劃，並為所有章節擴充了練習題和參考文獻。
