# eBook Risk-Neutral Valuation: Pricing and Hedging of Financial Derivatives, 2nd Ed. download

## by Nicholas H. Bingham,Rüdiger Kiesel

**ISBN:**1852334584

**Author:**Nicholas H. Bingham,Rüdiger Kiesel

**Publisher:**Springer; 2nd edition (May 4, 2004)

**Language:**English

**Pages:**438

**ePub:**1116 kb

**Fb2:**1990 kb

**Rating:**4.6

**Other formats:**lrf txt lrf doc

**Category:**Work and Money

**Subcategory:**Management and Leadership

FREE shipping on qualifying offers. Risk-neutral measures are used in the pricing of financial derivatives, financial products derived from underlying assets, such as stocks. They are also called an equivalent martingale measures.

FREE shipping on qualifying offers. On the probabilistic side.

Authors: Bingham, Nicholas . Kiesel, Rüdiger. Since its introduction in the early 1980s, the risk-neutral valuation principle has proved to be an important tool in the pricing and hedging of financial derivatives. eBook 53,54 €. price for Russian Federation (gross). ISBN 978-1-4471-3856-3.

Books on complex hedging instruments are often more confusing than the instruments themselves.

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oceedings{alVP, title {Risk-Neutral Valuation: Pricing and Hedging of Financial Derivatives}, author {Nicholas H. Bingham and R{"u}diger Kiesel}, year {2001} }. Nicholas H. Bingham, Rüdiger Kiesel. 1 Derivative Instruments . 2 Underlying Securities . 4 Types of Traders . 5 Modeling Assumptions . Arbitrage . Arbitrage Relationships . 1 Fundamental Determinants of Option Values .

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Nicholas Bingham, N H Bingham, Rudiger Kiesel. On the probabilistic side, both discrete- and continuous-time stochastic processes are treated, with special emphasis on martingale theory, stochastic integration and change-of-measure techniques.

This book provides a self-contained treatment of the probabilistic theory behind the risk-neutral valuation principle and its application to the pricing and hedging of financial derivatives. On the probabilistic side, both discrete- and continuous-time stochastic processes are treated.

Request PDF On Jan 1, 2004, N. H. Bingham and others published Risk-Neutral Valuation: Pricing . The first method is based on hedging of a portfolio process, and the second on replication of the payoff at expiry date T. View.

The first method is based on hedging of a portfolio process, and the second on replication of the payoff at expiry date T.

Bingham, Nicholas H. 1945- Verfasser (DE-588)118095315.

This second edition - completely up to date with new exercises - provides a comprehensive and self-contained treatment of the probabilistic theory behind the risk-neutral valuation principle and its application to the pricing and hedging of financial derivatives. On the probabilistic side, both discrete- and continuous-time stochastic processes are treated, with special emphasis on martingale theory, stochastic integration and change-of-measure techniques. Based on firm probabilistic foundations, general properties of discrete- and continuous-time financial market models are discussed.