Elementary Stochastic Calculus With Finance in View (Advanced Series on Statistical Science & Applied Probability, Vol 6)

Book Description

Modelling with the Itô integral or stochastic differential equations has become increasingly important in various applied fields, including physics, biology, chemistry and finance. However, stochastic calculus is based on a deep mathematical theory.

This book is suitable for the reader without a deep mathematical background. It gives an elementary introduction to that area of probability theory, without burdening the reader with a great deal of measure theory. Applications are taken from stochastic finance. In particular, the Black-Scholes option pricing formula is derived. The book can serve as a text for a course on stochastic calculus for non-mathematicians or as elementary reading material for anyone who wants to learn about Itô calculus and/or stochastic finance.

Customer Reviews:

Great Introduction.......2007-09-01

This book provides an excellent mild introduction of stochastic calculus and stochastic differential equations to someone like me who do not have a first mathematics degree (haven't done measure theories). Although the final chapter on application to finance is not as good as other financial maths books such as Joshi's Concepts and Baxter&Rennie's Financial Calculus. Overall, this book sets some firm grounds for further studies on stochastic calculus & financial maths. In addition, the price is low for this book with a hardcover.

Not for beginners or intermediates.......2007-03-04

This book may be fine if you have at least an undergraduate degree in math. I have an engineering degree with a minor in math, have read many books on quantitative finance, read math books and work math problems for furn, have several years' work experience in analyzing and hedging with derivatives, am taking a course in quantitative finance, and have worked many problems in stochastic calculus. I was actually MORE confused AFTER reading this book (I'm not exaggerating). This book should definitely not have "elementary" in the title.

But whatever your level, there are other books that cover the topic much more clearly and comprehensively. Start with Nefti's Intro to the Mathematics of Financial Derivatives; it's the best. Then read Joshi's Concepts and Practices of Mathematical Finance. Then you may be able to understand Steele's Stochastic Calculus and Financial Applications. Steele doesn't pretend to be a book for beginners, but it is actually more comprehensible to beginners than Mikosch's book.

But if you are more comfortable with reams of mathematical notation and do not require much explanation of that notation, Mikosch may be just what you want.

A well organised and high standard little book.......2007-01-17

It is amazing that the author can expose the difficult topics step-by-step clearly in such a little book of less than 200 pages. Mikosch starts the book by introducing basic probability theories and stochastic processes which are prerequisite for the development of stochastic integrals, techniques for solving stochastic differential equations and applications in modern finance. However, reader should be aware that although the book is recommended for those without "deep" mathematical background, it is not suitable for average advanced undergraduates and practitioners without serious statistics and advanced claculus trainings. In my opinion, this book is suitable for those whos have finished the book like Financial Calculus by Baxter and Rennie and are looking for more formal details of the subject matter.

Best introduction.......2007-01-08

if you're looking for an introduction to stochastic calculus that uses english and pictures instead of mathematical symbols, this is the place to start. only problem is that it doesn't cover very much, just the very basics. much easier than oksendel. i wish it covered as much.

Best start.......2006-11-30

This is an excellent book to start with before reading any book on continuous time finance.
The author actually spends only the last dozen of pages related to finance, but you get all the preparation you need before learning about derivatives pricing.

Book Description

"Beyond the Magic Circle" was written for the millions of workers and managers who feel something is lacking in their day-to-day activities. The book thoroughly explores the role of an intimacy that goes far beyond the realm of mere sexuality or pollyannaism in the workplace. This kind of intimacy makes good business sense. Moreover, it may be the only quality that can either prevent the migration of the brightest and best from the organized workplace, or lure new workers into it. Unlike other business and management books, "Magic Circle" is intimate itself, intertwining personal, observational and experiential information that touches all levels of the organizational pyramid. Via a series of simple examples and principles, the book demonstrates how much of the strife that exists in our places of work results not from opposing forces so much as those in lower levels mimicking the behaviors of their superiors. Readers will find that many of the supposedly worst problems almost magically resolve themselves if they're willing to risk intimacy. When intimacy increases, unnecessary process designed to separate and rank people becomes unnecessary. When intimacy increases with the amount of technology in a business, the successful implementation and realization of that technology also increases proportionately. When intimacy increases, the need for costly restrictions arising from distrust decreases dramatically. Intimate communication within a business wields tremendous influence relative to the organization's success, decreasing the need for time-consuming and diluting compromises or the destructive process of branding different orientations "wrong." If intimacy exists within the business environment, each person becomes a unique individual with his or her own special needs, not a hapless drone or power-hungry mogul. Above all, what distinguishes "Magic Circle" from other business books is that it places the responsibility for success or failure in the workplace directly where it belongs: on the individual. Rather than touting some corporate policy or union work rule as the cure for various business ills, it demonstrates how each individual makes choices which lead to their positive or negative views of their co- workers and organization. A vice president who overeats because he's afraid of his boss doesn't need a fitness center; an assembly line worker or data entry clerk who's bored to tears doesn't need a raise or job security. What these and so many workers on all levels need is intimacy: a superior, co-worker or environment that says, "I care" but also "I'll help all I can, but you must make your own choices and accept responsibility for them."

Book Description

Human Resource Management for Events is the first text to cover management of human resources in the event environment. Linking theory, research and application it covers the differing and various types of event in which human resource management is key, such as:

* Business Events - a vast sector including events people who manage conferences, exhibitions, incentive trips and individual business travel.
* Sporting Events - this sector includes sporting events ranging from the Olympic Games, Rugby World Cup, Soccer World Cup, Tour de France, Grand Prix to many smaller, local sporting events.
* Arts and Entertainment - the logistics, risk and financial issues facing entertainment events are leading to the development of more sophisticated operational skills for this sector. Music festivals are increasingly popular.
* Public Events - civic ceremonies, parades, celebrations, festivals and protests all fall within the scope of public events. Planning, approval and risk management are increasingly on the agenda for all levels of government.

The particular challenges provided by such events are varied. The size of the workforce explodes at the time of the event to include the event management team, many paid staff, hundreds of volunteers and multiple contractors, such as food vendors and cleaning teams. Everyone working on the site comes into the scope of the event workforce. Little time is available for training and motivation plays a key role in retention and customer service. Decision making occurs on the run and the event is over before anyone can think about performance appraisal. The environment is further characterised by a fast pace, high stress levels and many workers are fatigued by the bump in period before the event audience pours through the gates to add yet another level of pressure. These features of the human resources environment are quite different to those of the traditional workforce.

Human Resource Management for Events is vital reading for both students and practitioners involved in this crucially important aspect of event management.

* The first book to cover management of human resources in the event environment
* Links theory, research and application in event HRM in the context of both mega events and smaller scale events
* Considers HRM in each of the major event areas - business, sporting, arts & entertainment and public.

Managing Employee Attitudes and Behaviors in the Tourism and Hospitality Industry

Average customer rating:

Very Useful Book

Managing Employee Attitudes and Behaviors in the Tourism and Hospitality Industry

Manufacturer: Nova Science Publishers
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Hospitality, Travel & Tourism | Industries & Professions | Business & Investing | Subjects | Books

Human Resources & Personnel Management | Industries & Professions | Business & Investing | Subjects | Books
ASIN: 1590336305

Customer Reviews:

Very Useful Book.......2003-12-15

It is a valuable book which can be used both in the field of tourism management and business administration. I am sure it will be found valuable both by the tourism and hospitality students and the academia.

Managing Employee Relations in the Hotel and Catering Industry

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Managing Employee Relations in the Hotel and Catering Industry
Rosemary E. Lucas
Manufacturer: Cassell
ProductGroup: Book
Binding: Hardcover

General | Business & Investing | Subjects | Books

Hospitality, Travel & Tourism | Industries & Professions | Business & Investing | Subjects | Books

Industrial Relations | Industries & Professions | Business & Investing | Subjects | Books

General | Cooking, Food & Wine | Subjects | Books

General | Travel | Subjects | Books
ASIN: 030432910X

Managing for Effective Workforce Diversity.: An article from: Cornell Hotel & Restaurant Administration Quarterly

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Managing for Effective Workforce Diversity.: An article from: Cornell Hotel & Restaurant Administration Quarterly
Kathleen Iverson
Manufacturer: Cornell University
ProductGroup: Book
Binding: Digital

Workplace | Organizational Behavior | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Management | Management & Leadership | Business & Investing | Subjects | Books

General | Travel | Subjects | Books

Book Description

This digital document is an article from Cornell Hotel & Restaurant Administration Quarterly, published by Cornell University on April 1, 2000. The length of the article is 6022 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Managing for Effective Workforce Diversity.
Author: Kathleen Iverson
Publication: Cornell Hotel & Restaurant Administration Quarterly (Refereed)
Date: April 1, 2000
Publisher: Cornell University
Volume: 41 Issue: 2 Page: 31

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Managing Heritage and Cultural Tourism Resources (Critical Essays: the International Library of Essays in Tourism, Heritage and Culture)

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Managing Heritage and Cultural Tourism Resources (Critical Essays: the International Library of Essays in Tourism, Heritage and Culture)

Manufacturer: Ashgate Pub Co
ProductGroup: Book
Binding: Hardcover

General | Business & Investing | Subjects | Books

Hospitality, Travel & Tourism | Industries & Professions | Business & Investing | Subjects | Books

Human Geography | Social Sciences | Nonfiction | Subjects | Books

General | Travel | Subjects | Books

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
ASIN: 0754627047

Managing Human Resources in the Hospitality Industry

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Managing Human Resources in the Hospitality Industry
David Wheelhouse
Manufacturer: Educational Institute of the American Hotel & Motel Association
ProductGroup: Book
Binding: Unknown Binding

General | Cooking, Food & Wine | Subjects | Books

Managing People in the Hotel and Catering Industry

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Managing People in the Hotel and Catering Industry
Steven Goss-Turner
Manufacturer: Croner Publications
ProductGroup: Book
Binding: Paperback

General | Business & Investing | Subjects | Books

Hospitality, Travel & Tourism | Industries & Professions | Business & Investing | Subjects | Books

Human Resources & Personnel Management | Industries & Professions | Business & Investing | Subjects | Books
ASIN: 1855241021

Average customer rating:

Excellent!!!

You ladies out did yourselves!!!

Very Inspirational and Educational

Extraordinarily Written!

Ordinary Women...Extraordinary Success: Everything You Need to Excel, From America's Top Women Motivators
Cherie Carter-Scott , and Jan Fraser
Manufacturer: Career Press
ProductGroup: Book
Binding: Paperback

Motivation & Self-Improvement | Business Life | Business & Investing | Subjects | Books
General | Women & Business | Business & Investing | Subjects | Books
Money Management for Women | Personal Finance | Business & Investing | Subjects | Books
General | Self-Help | Health, Mind & Body | Subjects | Books
Success | Self-Help | Health, Mind & Body | Subjects | Books
Similar Items:

If Life Is a Game, These Are the Rules

If Love Is a Game, These Are the Rules: 10 Rules for Finding Love and Creating Long-Lasting, Authentic Relationships

Negaholics: How to Overcome Negativity and Turn Your Life Around

If Life Is a Game...These Are The Stories: True Stories by Real People Around the World About Being Human

If Success Is a Game, These Are the Rules: Ten Rules for a Fulfilling Life

ASIN: 1564147010

Book Description

Ordinary? Hardly. The 18 authors featured in this extraordinary book can hardly be called ordinary-neither can their advice. New York Times best-selling author Dr. Cherie Carter-Scott (If Life is a Game, These Are the Rules), acclaimed songwriter Jana Stanfield (her song "If I Had Only Known" was a quadruple platinum hit for Reba McEntire), and 16 of America's top motivational speakers have created a book by women for women. Each contributor brings not only her unique talents to bear on a powerful topic, but also her own experience and life stories. Readers will receive practical, empowering, and inspiring advice on: Dealing with difficult people; Attitude, balance, and faith; Becoming the person you choose to be; Making a difference and overcoming obstacles; Mothers and daughters; Celebrating, laughing, and letting go; Working, praying, and letting your light shine; And much more.

Customer Reviews:

Excellent!!!.......2004-12-14

This book is such a fabulous resource for all women. Filled with inspirational words and wisdom, this is a must read for women everywhere. The most powerful and uplifting book of the decade!!

You ladies out did yourselves!!!.......2004-01-25

The title says it all. These are some dynamic women who have been gracious enough to give us all real, practical and solid approaches for excelling. No matter who you are and where you are in life, there is something here for every women. Get a copy, and see for yourself! Then buy a copy for a friend who you know can use a boost.

Very Inspirational and Educational.......2004-01-24

I have shared this book with all my friends and family. This book covers it all! Heart, Mind and Soul!

Extraordinarily Written!.......2003-11-03

This book has become my new bible! The wonderful women in this book share their insights into how to become successful in life and do a great job at it! There are many practical tips to help you get started moving in the right direction whatever direction that may be. The stories are personal and you feel as if you've made a new friend in all of these women. They are truly an inspiration to womankind. I can't recommend the book enough! Great job ladies!!

Customer Reviews:

A disappointment, I'm afraid.......2004-01-09

I can tell that author Claudine Edwards is a wonderful woman, and I do not wish to hurt her feelings, but for me, this book was not a good one. Her points are well taken: most people are actually shy; and, starting from one's strengths is an empowering exercise -- but the book never really takes off. It felt like a light skim over a topic that is a complex one. A professional editor and a text designer would have been a great help here, I think. I would not recommend this book.

Book Description

This book contains every thing necessary to successfully prepare a legally-valid will in any state without an attorney.

Prepare Your Own Will Kit, 6th Edition: The National Will Kit (Legal Help Self)

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Prepare Your Own Will Kit, 6th Edition: The National Will Kit (Legal Help Self)
Daniel Sitarz
Manufacturer: Nova Publishing Company
ProductGroup: Book
Binding: Paperback

General | Personal Finance | Business & Investing | Subjects | Books

Estate Planning | Personal Finance | Business & Investing | Subjects | Books

General | Administrative Law | Law | Subjects | Books

Consumer Law | Business | Law | Subjects | Books

Book Description

This book contains every thing necessary to successfully prepare a legally-valid will in any state without an attorney.

Book Description

This course familiarizes agents with the retirement planning market and the retirement planning process by covering three main areas. Analyzing and identifying retirement income needs, health care and health insurance options, and estate and distribution planning.

Book Description

Investing can be very complicated or very simple. It can be very successful or disastrous. There is risk with investing and there is risk in not investing. Investing can be very enjoyable or very distasteful. In this book you will be given some overall and well-rounded investment information. Absolutely no attempt will be made to influence you to invest in a specific type of financial instrument. Author Rich Brott starts by encouraging you to set aside monies so that in time you have something to invest. The pre-investment process begins by being prepared for those unexpected emergencies. Following that you must be on a path to reach those short term and long term financial goals. With this out of the way, you can turn your thinking to retirement and your long term well-being. If you have already retired, it's all about preserving what you have and making sure that your money always outlasts you. So get out a notepad, your pen or highlighter and record some insights and "to do" lists as your read its contents.

Biblical Strategies to Financial Freedom

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Biblical Strategies to Financial Freedom
Dustin B. LaPorte & Anissa B. LaPorte
Manufacturer: BookSurge Publishing
ProductGroup: Book
Binding: Spiral-bound

Product Description

Unlike other financial books, this book combines the best of both biblical and financial principles in a quick, easy to read format.Whether you are an experienced financial professional or a novice, this book is full of useful information and tools needed to make a powerful impact on your own finances.

For over a decade, Dustin has been helping people reach their financial goals by teaching and implementing biblically based financial principles and strategies. He is a native of the Carolinas and is a graduate of the University of North Carolina at Charlotte holding a Bachelor of Science degree in Business Administration and CERTIFIED FINANCIAL PLANNER designation. He also writes articles for the Holy City Chronicle, a popular Charleston Christian newspaper. He has conducted over a thousand one-on-one personal consultations, as well as many group seminars for various organizations and churches.

Anissa provides a unique perspective. She is a graduate of the Medical University of South Carolina. Through their years of marriage together, they have experienced the challenges and blessings of biblical based financial management. They have taken the best of what they have learned and placed it in this book for you to experience.

Download Description

Unlike other financial books, this book combines the best of both biblical and financial principles in a quick, easy to read format. Whether you are an experienced financial professional or a novice, this book is full of useful information and tools needed to make a powerful impact on your own finances.

The Economics of Pensions: Principles, Policies, and International Experience

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The Economics of Pensions: Principles, Policies, and International Experience

Manufacturer: Cambridge University Press
ProductGroup: Book
Binding: Hardcover

Labor Policy | Popular Economics | Business & Investing | Subjects | Books

General | Popular Economics | Business & Investing | Subjects | Books

Economic History | Economics | Business & Investing | Subjects | Books

Labor & Industrial Relations | Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Retirement Planning | Personal Finance | Business & Investing | Subjects | Books
ASIN: 0521552303

Book Description

The significant store of knowledge about publicly regulated pensions for old age has grown even more rapidly in the past decade. This book explores current research in four critical areas for pension policy: the political design of pension institutions; the iron links among fiscal deficits, private savings, and pension reform; how macroeconomic policy should be conducted after large private pension funds have emerged; and lessons on efficient organization of the pension industry, drawn from international comparisons including Australia, Chile, Malaysia, and the United Kingdom.

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Principles of retirement planning
Dearborn Financial Institute
Manufacturer: Dearborn R&R Newkirk
ProductGroup: Book
Binding: Paperback

Public Finance | Economics | Business & Investing | Subjects | Books

Financial Planning | Personal Finance | Business & Investing | Subjects | Books

General | Health, Mind & Body | Subjects | Books
ASIN: 0793103657

Principles of Retirement Planning : 1997 Quick Reference Guide

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Principles of Retirement Planning : 1997 Quick Reference Guide

Manufacturer: Dearborn Trade Pub
ProductGroup: Book
Binding: Paperback

Public Finance | Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Retirement Planning | Personal Finance | Business & Investing | Subjects | Books

Principles of Retirement Planning : Quick Reference Guide 1996

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Principles of Retirement Planning : Quick Reference Guide 1996
Dearborn Financial Institute
Manufacturer: R & R Newkirk
ProductGroup: Book
Binding: Paperback

General | Business & Investing | Subjects | Books

General | Personal Finance | Business & Investing | Subjects | Books
ASIN: 0793111765

Public Pension Principles Achievement Award.: An article from: Government Finance Review

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Public Pension Principles Achievement Award.: An article from: Government Finance Review
Paul Zorn
Manufacturer: Government Finance Officers Association
ProductGroup: Book
Binding: Digital

General | Business & Investing | Subjects | Books

Book Description

This digital document is an article from Government Finance Review, published by Government Finance Officers Association on February 1, 1994. The length of the article is 1199 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The Public Pension Coordinating Council's Public Pension Principles Achievement Award program aims to recognize high professional standards for public employee retirement systems. Qualification for the award is based on 20 specific principles in areas such as benefits, actuarial valuations, financial reporting and audit, investment and disclosure. A synopsis of each principle is presented.

Citation Details
Title: Public Pension Principles Achievement Award.
Author: Paul Zorn
Publication: Government Finance Review (Magazine/Journal)
Date: February 1, 1994
Publisher: Government Finance Officers Association
Volume: v10 Issue: n1 Page: p44(2)

Distributed by Thomson Gale

Teeter Totter Principle - Paperback Package (Investor Version, Paperback, TTP Responsibility Calculator - A Learning Game)

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Teeter Totter Principle - Paperback Package (Investor Version, Paperback, TTP Responsibility Calculator - A Learning Game)

Manufacturer: LearnEase, Inc.
ProductGroup: Book
Binding: Paperback

Retirement Planning | Aging Parents | Parenting & Families | Subjects | Books
ASIN: 0978894510

Product Description

The Teeter Totter Principle may change the way you view investing and retirement planning. This paperback book and game software will teach you how to use a simple balancing system to manage your life savings. How does more cash savings, less risk, lower fees, improved decision-making and a better sense of control sound? Read this short book and play the TTP Responsibility Calculator game to learn a simple, safe and revolutionary approach to managing your life savings.

The application of design principles in continuing care retirement communities

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The application of design principles in continuing care retirement communities
Kimberly Simpson Mauney
ProductGroup: Book
Binding: Unknown Binding

Decorating | Interior Design | Home & Garden | Subjects | Books
ASIN: B0006QIP00

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