How Long to Read Derivative Pricing in Discrete Time

How Long Does it Take to Read Derivative Pricing in Discrete Time?

It takes the average reader 5 hours and 31 minutes to read Derivative Pricing in Discrete Time by Nigel J. Cutland

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

Description

This book provides an introduction to the mathematical modelling of real world financial markets and the rational pricing of derivatives, which is part of the theory that not only underpins modern financial practice but is a thriving area of mathematical research. The central theme is the question of how to find a fair price for a derivative; defined to be a price at which it is not possible for any trader to make a risk free profit by trading in the derivative. To keep the mathematics as simple as possible, while explaining the basic principles, only discrete time models with a finite number of possible future scenarios are considered. The theory examines the simplest possible financial model having only one time step, where many of the fundamental ideas occur, and are easily understood. Proceeding slowly, the theory progresses to more realistic models with several stocks and multiple time steps, and includes a comprehensive treatment of incomplete models. The emphasis throughout is on clarity combined with full rigour. The later chapters deal with more advanced topics, including how the discrete time theory is related to the famous continuous time Black-Scholes theory, and a uniquely thorough treatment of American options. The book assumes no prior knowledge of financial markets, and the mathematical prerequisites are limited to elementary linear algebra and probability. This makes it accessible to undergraduates in mathematics as well as students of other disciplines with a mathematical component. It includes numerous worked examples and exercises, making it suitable for self-study.

How long is Derivative Pricing in Discrete Time?

Derivative Pricing in Discrete Time by Nigel J. Cutland is 325 pages long, and a total of 82,875 words.

This makes it 110% the length of the average book. It also has 101% more words than the average book.

How Long Does it Take to Read Derivative Pricing in Discrete Time Aloud?

The average oral reading speed is 183 words per minute. This means it takes 7 hours and 32 minutes to read Derivative Pricing in Discrete Time aloud.

What Reading Level is Derivative Pricing in Discrete Time?

Derivative Pricing in Discrete 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 Derivative Pricing in Discrete Time?

Derivative Pricing in Discrete Time by Nigel J. Cutland 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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