Financial Calculus: An Introduction to Derivative Pricing.
Journal of the American Statistical AssociationPublished 1 September 1997
mw, Martin A Baxter, A. Rennie
Citations373
SJR quartileQ1
SJR score4.10
SNIP3.08
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TL;DR
The parable of the bookmaker is a allegory for the business of pricing market securities and the role that money plays in the development of these systems.
Abstract
The parable of the bookmaker 1. Introduction 2. Discrete processes 3. Continuous processes 4. Pricing market securities 5. Interest rates 6. Bigger models Appendix 1. Further reading Appendix 2. Notation Appendix 3. Answers to exercises Appendix 4. Glossary of technical terms Index.
Keywords
Economics, Econometrics and Finance