Economics, Investing, Accounting, Probability & Statistics, Investments & Securities, Statistics 

Wiley Series in Probability and Statistics 

Financial mathematics has recently enjoyed considerable interest onaccount of its impact on the finance industry. In parallel, thetheory of Lévy processes has also seen many excitingdevelopments. These powerful modelling tools allow the user tomodel more complex phenomena, and are commonly applied to problemsin finance. Lévy Processes in Finance: Pricing FinancialDerivatives takes a practical approach to describing the theory ofLévy-based models, and features many examples of how they maybe used to solve problems in finance.* Provides an introduction to the use of Lévy processes infinance.* Features many examples using real market data, with emphasis onthe pricing of financial derivatives.* Covers a number of key topics, including option pricing, MonteCarlo simulations, stochastic volatility, exotic options andinterest rate modelling.* Includes many figures to illustrate the theory and examplesdiscussed.* Avoids unnecessary mathematical formalities.The book is primarily aimed at researchers and postgraduatestudents of mathematical finance, economics and finance. The rangeof examples ensures the book will make a valuable reference sourcefor practitioners from the finance industry including risk managersand financial product developers. - from Amzon