This textbook on the basics of option pricing is accessible to readers with limited mathematical
training. It is for both
professional traders and
undergraduates studying the basics of finance. Assuming no prior knowledge of probability,
Sheldon M. Ross offers clear, simple explanations of arbitrage, the Black-Scholes option pricing
formula, and other topics such as utility functions, optimal portfolio selections, and the capital
assets pricing model. Among the many new features of this third edition are new chapters on Brownian motion and geometric Brownian motion, stochastic order
relations, and stochastic dynamic programming, along with expanded sets of exercises and references for all the chapters.
English | 3 edition 2011 | 322 Pages | ISBN: 0521192536 | PDF | 1 MB
