How Long to Read Elements of Stochastic Finance

How Long Does it Take to Read Elements of Stochastic Finance?

It takes the average reader 6 hours and 40 minutes to read Elements of Stochastic Finance by Frederi G. Viens

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

Description

This comprehensive course on financial mathematics is aimed at beginning graduate students in any field with a good quantitative background, and is appropriate for advanced undergraduates in mathematics and statistics. It is also invaluable as a reference for practitioners in financial engineering. Via an accessible presentation of the theory of probability and stochastic processes needed to construct and employ most models commonly used in investment finance, including binomial trees, Brownian motion, martingales, Markov processes, and Lvy processes, the book covers no-arbitrage option pricing, hedging, and portfolio optimization in the BlackScholesMerton framework, exotic and American options, and fixed-income securities under stochastic interest rates. Rather than presenting mathematical topics as a succession of theorems and proofs, the book adopts a compact and to-the-point character, justifying formulas in a way that motivates their usage, thus covering a wide array of important models and quantitative tools in a didactic fashion. Special topics not easily found in textbooks at this level are included: volatility estimation and calibration, incomplete market such as stochastic volatility models, energy and weather derivatives, credit risk and credit derivatives, jump diffusions. The text provides specific numerical techniques for financial algorithms, from multinomial and finite-difference methods, to variance reduction for MonteCarlo methods, to special algorithms for stochastic interest rates and American options. A large number of exercises illustrate the theory and practice of each financial topic, some of which encourage the reader to engage in high-level programming. This is facilitated by an extensive online companion to the text, in the form of a primer on programming, tailored to the text's exercises, covering languages popular in the financial industry, including C]+, C#, Matlab, and Excel/VBA.

How long is Elements of Stochastic Finance?

Elements of Stochastic Finance by Frederi G. Viens is 400 pages long, and a total of 100,000 words.

This makes it 135% the length of the average book. It also has 122% more words than the average book.

How Long Does it Take to Read Elements of Stochastic Finance Aloud?

The average oral reading speed is 183 words per minute. This means it takes 9 hours and 6 minutes to read Elements of Stochastic Finance aloud.

What Reading Level is Elements of Stochastic Finance?

Elements of Stochastic Finance 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 Elements of Stochastic Finance?

Elements of Stochastic Finance by Frederi G. Viens 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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