How Long to Read Arbitrage Theory in Continuous Time

How Long Does it Take to Read Arbitrage Theory in Continuous Time?

It takes the average reader 9 hours and 53 minutes to read Arbitrage Theory in Continuous Time by Tomas Bjork

Assuming a reading speed of 250 words per minute. Learn more

Description

The fourth edition of this widely used textbook on pricing and hedging of financial derivatives now also includes dynamic equilibrium theory and continues to combine sound mathematical principles with economic applications. Concentrating on the probabilistic theory of continuous time arbitrage pricing of financial derivatives, including stochastic optimal control theory and optimal stopping theory, Arbitrage Theory in Continuous Time is designed for graduate students in economics and mathematics, and combines the necessary mathematical background with a solid economic focus. It includes a solved example for every new technique presented, contains numerous exercises, and suggests further reading in each chapter. All concepts and ideas are discussed, not only from a mathematics point of view, but with lots of intuitive economic arguments. In the substantially extended fourth edition Tomas Bjork has added completely new chapters on incomplete markets, treating such topics as the Esscher transform, the minimal martingale measure, f-divergences, optimal investment theory for incomplete markets, and good deal bounds. This edition includes an entirely new section presenting dynamic equilibrium theory, covering unit net supply endowments models and the Cox-Ingersoll-Ross equilibrium factor model. Providing two full treatments of arbitrage theory-the classical delta hedging approach and the modern martingale approach-this book is written so that these approaches can be studied independently of each other, thus providing the less mathematically-oriented reader with a self-contained introduction to arbitrage theory and equilibrium theory, while at the same time allowing the more advanced student to see the full theory in action. This textbook is a natural choice for graduate students and advanced undergraduates studying finance and an invaluable introduction to mathematical finance for mathematicians and professionals in the market.

How long is Arbitrage Theory in Continuous Time?

Arbitrage Theory in Continuous Time by Tomas Bjork is 584 pages long, and a total of 148,336 words.

This makes it 197% the length of the average book. It also has 181% more words than the average book.

How Long Does it Take to Read Arbitrage Theory in Continuous Time Aloud?

The average oral reading speed is 183 words per minute. This means it takes 13 hours and 30 minutes to read Arbitrage Theory in Continuous Time aloud.

What Reading Level is Arbitrage Theory in Continuous Time?

Arbitrage Theory in Continuous Time is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Arbitrage Theory in Continuous Time?

Arbitrage Theory in Continuous Time by Tomas Bjork is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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