How Long to Read Introduction to Option Pricing Theory

How Long Does it Take to Read Introduction to Option Pricing Theory?

It takes the average reader 4 hours and 38 minutes to read Introduction to Option Pricing Theory by Gopinath Kallianpur

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

Description

Since the appearance of seminal works by R. Merton, and F. Black and M. Scholes, stochastic processes have assumed an increasingly important role in the development of the mathematical theory of finance. This work examines, in some detail, that part of stochastic finance pertaining to option pricing theory. Thus the exposition is confined to areas of stochastic finance that are relevant to the theory, omitting such topics as futures and term-structure. This self-contained work begins with five introductory chapters on stochastic analysis, making it accessible to readers with little or no prior knowledge of stochastic processes or stochastic analysis. These chapters cover the essentials of Ito's theory of stochastic integration, integration with respect to semimartingales, Girsanov's Theorem, and a brief introduction to stochastic differential equations. Subsequent chapters treat more specialized topics, including option pricing in discrete time, continuous time trading, arbitrage, complete markets, European options (Black and Scholes Theory), American options, Russian options, discrete approximations, and asset pricing with stochastic volatility. In several chapters, new results are presented. A unique feature of the book is its emphasis on arbitrage, in particular, the relationship between arbitrage and equivalent martingale measures (EMM), and the derivation of necessary and sufficient conditions for no arbitrage (NA). {\it Introduction to Option Pricing Theory} is intended for students and researchers in statistics, applied mathematics, business, or economics, who have a background in measure theory and have completed probability theory at the intermediate level. The work lends itself to self-study, as well as to a one-semester course at the graduate level.

How long is Introduction to Option Pricing Theory?

Introduction to Option Pricing Theory by Gopinath Kallianpur is 269 pages long, and a total of 69,671 words.

This makes it 91% the length of the average book. It also has 85% more words than the average book.

How Long Does it Take to Read Introduction to Option Pricing Theory Aloud?

The average oral reading speed is 183 words per minute. This means it takes 6 hours and 20 minutes to read Introduction to Option Pricing Theory aloud.

What Reading Level is Introduction to Option Pricing Theory?

Introduction to Option Pricing Theory 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 Introduction to Option Pricing Theory?

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