{"product_id":"9780199666591","title":"An Introduction to Quantitative Finance","description":"\u003cbr\u003eThe worlds of Wall Street and The City have always held a certain allure, but in recent years have left an indelible mark on the wider public consciousness and there has been a need to become more financially literate. The quantitative nature of complex financial transactions makes them a fascinating subject area for mathematicians of all types, whether for general interest or because of the enormous monetary rewards on offer. \u003cp\u003eAn Introduction to Quantitative Finance concerns financial derivatives - a derivative being a contract between two entities whose value derives from the price of an underlying financial asset - and the probabilistic tools that were developed to analyse them. The theory in the text is motivated by a desire to provide a suitably rigorous yet accessible foundation to tackle problems the author encountered whilst trading derivatives on Wall Street. The book combines an unusual blend of real-world derivatives trading experience and rigorous academic background. \u003c\/p\u003e\u003cp\u003eProbability provides the key tools for analysing and valuing derivatives. The price of a derivative is closely linked to the expected value of its pay-out, and suitably scaled derivative prices are martingales, fundamentally important objects in probability theory. \u003c\/p\u003e\u003cp\u003eThe prerequisite for mastering the material is an introductory undergraduate course in probability. The book is otherwise self-contained and in particular requires no additional preparation or exposure to finance. It is suitable for a one-semester course, quickly exposing readers to powerful theory and substantive problems. The book may also appeal to students who have enjoyed probability and have a desire to see how it can be applied. Signposts are given throughout the text to more advanced topics and to different approaches for those looking to take the subject further.\u003cbr\u003e\u003c\/p\u003e","brand":"Oxford University Press","offers":[{"title":"Default Title","offer_id":47009157087472,"sku":"9780199666591","price":54.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780199666591_p0.jpg?v=1763671453","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780199666591","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}