Download The Economics of Continuous-Time Finance (The MIT Press)
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The Economics of Continuous-Time Finance (The MIT Press)
Download The Economics of Continuous-Time Finance (The MIT Press)
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Review
This book is a delight. The mathematical structures behind various important research directions are presented in a clear and intelligible way. A highly useful textbook!―Walter Schachermayer, Full Professor of Mathematics, Vienna University; coauthor of The Mathematics of ArbitrageThis book is a real 'tour de force': twenty-five years after Merton's book on continuous-time Finance, Dumas and Luciano provide a long-awaited update on the continuous time approach to security pricing and portfolio selection in complete and incomplete markets. Covering a wide range of topics, the authors manage to be accessible without sacrificing mathematical rigor and by constantly using economic intuition.―Jean-Charles Rochet, Professor of Banking, University of Zurich; Visiting Professor, University of Geneva; coauthor of Continuous-Time Models in Corporate Finance, Banking, and InsuranceDumas and Luciano, two major contributors to financial economics, provide a formal and rigorous yet lucid and intuitive theoretical account of financial markets, with particular emphasis on equilibrium and incomplete markets, smoothly transitioning from discrete to continuous-time models and from complete to incomplete markets. The Economics of Continuous-Time Finance is a thought-provoking and indispensable companion for advanced students and researchers in financial economics.―George Constantinides, Leo Melamed Professor of Finance, Booth School of Business, The University of Chicago
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About the Author
Bernard Dumas is the INSEAD Chaired Professor of Finance, Emeritus, and AXA Chair in Socioeconomic Risks at the University of Torino.
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Product details
Series: The MIT Press
Hardcover: 640 pages
Publisher: The MIT Press (October 27, 2017)
Language: English
ISBN-10: 0262036541
ISBN-13: 978-0262036542
Product Dimensions:
7 x 1.1 x 9 inches
Shipping Weight: 2.3 pounds (View shipping rates and policies)
Average Customer Review:
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Amazon Best Sellers Rank:
#1,186,032 in Books (See Top 100 in Books)
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