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Numerical Methods for Finance

Numerical Methods for Finance

Paperback

Series: Chapman & Hall/CRC Financial Mathematics

Investing & FinanceProbability & Statistics

ISBN10: 0367388596
ISBN13: 9780367388591
Publisher: CRC Press
Published: Sep 19 2019
Pages: 312
Weight: 1.30
Height: 0.90 Width: 6.10 Depth: 9.10
Language: English
Featuring international contributors from both industry and academia, Numerical Methods for Finance explores new and relevant numerical methods for the solution of practical problems in finance. It provides valuable, practical information about credit risks, exotic/hybrid options, retirement plans/pensions, life insurance, portfolio selection, incentive schemes, and interest rate modeling. The book presents a variety of novel mathematical methods involving finite-difference, Monte Carlo, and fast Fourier transform techniques. It also offers realistic alternatives to the VaR approach used in financial risk management practice and identifies potential pitfalls of standard methodologies.

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Investing & Finance