How Long to Read Stochastic Processes with Applications to Finance, Second Edition

How Long Does it Take to Read Stochastic Processes with Applications to Finance, Second Edition?

It takes the average reader 5 hours and 54 minutes to read Stochastic Processes with Applications to Finance, Second Edition by Masaaki Kijima

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

Description

Financial engineering has been proven to be a useful tool for risk management, but using the theory in practice requires a thorough understanding of the risks and ethical standards involved. Stochastic Processes with Applications to Finance, Second Edition presents the mathematical theory of financial engineering using only basic mathematical tools that are easy to understand even for those with little mathematical expertise. This second edition covers several important developments in the financial industry. New to the Second Edition A chapter on the change of measures and pricing of insurance products Many examples of the change of measure technique, including its use in asset pricing theory A section on the use of copulas, especially in the pricing of CDOs Two chapters that offer more coverage of interest rate derivatives and credit derivatives Exploring the merge of actuarial science and financial engineering, this edition examines how the pricing of insurance products, such as equity-linked annuities, requires knowledge of asset pricing theory since the equity index can be traded in the market. The book looks at the development of many probability transforms for pricing insurance risks, including the Esscher transform. It also describes how the copula model is used to model the joint distribution of underlying assets. By presenting significant results in discrete processes and showing how to transfer the results to their continuous counterparts, this text imparts an accessible, practical understanding of the subject. It helps readers not only grasp the theory of financial engineering, but also implement the theory in business.

How long is Stochastic Processes with Applications to Finance, Second Edition?

Stochastic Processes with Applications to Finance, Second Edition by Masaaki Kijima is 346 pages long, and a total of 88,576 words.

This makes it 117% the length of the average book. It also has 108% more words than the average book.

How Long Does it Take to Read Stochastic Processes with Applications to Finance, Second Edition Aloud?

The average oral reading speed is 183 words per minute. This means it takes 8 hours and 4 minutes to read Stochastic Processes with Applications to Finance, Second Edition aloud.

What Reading Level is Stochastic Processes with Applications to Finance, Second Edition?

Stochastic Processes with Applications to Finance, Second Edition 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 Processes with Applications to Finance, Second Edition?

Stochastic Processes with Applications to Finance, Second Edition by Masaaki Kijima 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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