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. Following the success of the first edition of?Risk-Neutral Valuation?, the authors have thoroughly revised the …
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. Following the success of the first edition of?Risk-Neutral Valuation?, the authors have thoroughly revised the …
This book is a collection of exercises covering all the main topics in the modern theory of stochastic processes and its applications, including finance, actuarial mathematics, queuing theory, and risk theory. The aim of this book is to provide the reader with the theoretical an…
A revised textbook covering all aspects of risk theory in a practical way. It follows on from the late R.E. Beard's book "Risk Theory" and should be of interest to actuarial students and practitioners working in the insurance industry as well as economists and applied statistici…
