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Seán Dineen – Probability Theory In Finance

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Seán Dineen – Probability Theory In Finance

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The use of the Black-Scholes model and formula is pervasive in financialmarkets.

There are very few undergraduate textbooks available on thesubject and, until now, almost none written by mathematicians.

Basedon a course given by the author, the goal of this book is to introduceadvanced undergraduates and beginning graduate students studying themathematics of finance to the Black-Scholes formula.

The author uses afirst-principles approach, developing only the minimum backgroundnecessary to justify mathematical concepts and placing mathematicaldevelopments in context.

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