How Long to Read Stochastic Methods in Asset Pricing

How Long Does it Take to Read Stochastic Methods in Asset Pricing?

It takes the average reader 10 hours and 37 minutes to read Stochastic Methods in Asset Pricing by Andrew Lyasoff

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

Description

A comprehensive overview of the theory of stochastic processes and its connections to asset pricing, accompanied by some concrete applications. This book presents a self-contained, comprehensive, and yet concise and condensed overview of the theory and methods of probability, integration, stochastic processes, optimal control, and their connections to the principles of asset pricing. The book is broader in scope than other introductory-level graduate texts on the subject, requires fewer prerequisites, and covers the relevant material at greater depth, mainly without rigorous technical proofs. The book brings to an introductory level certain concepts and topics that are usually found in advanced research monographs on stochastic processes and asset pricing, and it attempts to establish greater clarity on the connections between these two fields. The book begins with measure-theoretic probability and integration, and then develops the classical tools of stochastic calculus, including stochastic calculus with jumps and Lévy processes. For asset pricing, the book begins with a brief overview of risk preferences and general equilibrium in incomplete finite endowment economies, followed by the classical asset pricing setup in continuous time. The goal is to present a coherent single overview. For example, the text introduces discrete-time martingales as a consequence of market equilibrium considerations and connects them to the stochastic discount factors before offering a general definition. It covers concrete option pricing models (including stochastic volatility, exchange options, and the exercise of American options), Merton's investment–consumption problem, and several other applications. The book includes more than 450 exercises (with detailed hints). Appendixes cover analysis and topology and computer code related to the practical applications discussed in the text.

How long is Stochastic Methods in Asset Pricing?

Stochastic Methods in Asset Pricing by Andrew Lyasoff is 632 pages long, and a total of 159,264 words.

This makes it 213% the length of the average book. It also has 195% more words than the average book.

How Long Does it Take to Read Stochastic Methods in Asset Pricing Aloud?

The average oral reading speed is 183 words per minute. This means it takes 14 hours and 30 minutes to read Stochastic Methods in Asset Pricing aloud.

What Reading Level is Stochastic Methods in Asset Pricing?

Stochastic Methods in Asset Pricing 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 Stochastic Methods in Asset Pricing?

Stochastic Methods in Asset Pricing by Andrew Lyasoff is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Stochastic Methods in Asset Pricing by Andrew Lyasoff on Amazon click the button below.