Ralf Korn, Bernd Luderer

Gebundenes Buch

Money and Mathematics

A Conversational Approach to Modern Financial Mathematics and Insurance

Beschreibung

This book follows a conversational approach in five dozen stories that provide an insight into the colorful world of financial mathematics and financial markets in a relaxed, accessible and entertaining form. The authors present various topics such as returns, real interest rates, present values, arbitrage, replication, options, swaps, the Black-Scholes formula and many more. The readers will learn how to discover, analyze, and deal with the many financial mathematical decisions the daily routine constantly demands.

The book covers a wide field in terms of scope and thematic diversity. Numerous stories are inspired by the fields of deterministic financial mathematics, option valuation, portfolio optimization and actuarial mathematics. The book also contains a collection of basic concepts and formulas of financial mathematics and of probability theory. Thus, also readers new to the subject will be provided with all the necessary information to verify the calculations.

Autor

Prof. Dr. Ralf Korn teaches at the Department of Mathematics at the University of Kaiserslautern (Germany). He collaborates with the Fraunhofer ITWM on research projects for the finance and insurance industry. He was previously the Chairman of the German Society for Insurance and Financial Mathematics (2015-2019) and has authored several successful books on financial mathematics. He is also the co-Editor of the European Actuarial Journal (Springer), and Editor of 'Series in Quantitative Finance' (World Scientific). Prof. Dr. Bernd Luderer taught at the Faculty of Mathematics at the Chemnitz University of Technology (Germany). He is the Editor of the German-language series ' Studienbücher Wirtschaftsmathematik' (Springer), and author of numerous successful textbooks on business and financial mathematics.

Produktdetails

• Springer Texts in Business and Economics
• Verlag: Springer / Springer Fachmedien Wiesbaden / Springer, Berlin
• Artikelnr. des Verlages: 978-3-658-34676-8
• 1st ed. 2021
• Seitenzahl: 340
• Erscheinungstermin: 27. Oktober 2021
• Englisch
• Abmessung: 241mm x 160mm x 24mm
• Gewicht: 676g
• ISBN-13: 9783658346768
• ISBN-10: 3658346760
• Artikelnr.: 62004699

Rezensionen

"The book is a part of Springer Texts ... suited for both the class and self-study. ... this book is a wonderful resource on the various aspects of money and mathematics. In a world that pervades with concepts related to insurance, annuities, discounts, bargains, options, and risks, this book could come as an eye-opener to many. The readers are going to find this book enriching and satiating. The book is worth every second spent reading it." (Firdous Ahmad Mala, Journal of Economics, Vol. 137 (3), 2022)