Real Options Valuation: The Importance of Interest Rate Modelling in Theory and Practice,2 EdThis book analyzes real options valuation for non-constant versus constant interest rates using simulations and historical backtesting. It provides a systematic analysis and compares real options valuation using constant interest rates and the implied forward rates with methods that simulate interest rates stochastically.
Complex Analysis (Undergraduate Texts in Mathematics)
This unusually lively textbook on complex variables introduces the theory of analytic functions, explores its diverse applications and shows the reader how to harness its powerful techniques. "Complex Analysis" offers new and interesting motivations for classical results and introduces related topics that do not appear in this form in other texts. Stressing motivation and technique, and containing a large number of problems and their solutions, this volume may be used as a text both in classrooms and for self-study.
The Britannica Guide to Statistics and Probability
This volume presents a multifaceted view of statistics and probability. Through the eyes of the discoverers we find the thrilling aspects of mathematical applications that changed the lives of the innovators themselves, as well as the world at large.
In this appealing and well-written text, Richard Bronson gives readers a substructure for a firm understanding of the abstract concepts of linear algebra and its applications. The author starts with the concrete and computational, and leads the reader to a choice of major applications (Markov chains, least-squares approximation, and solution of differential equations using Jordan normal form).
Introductory Probability is a pleasure to read and provides a fine answer to the question: How do you construct Brownian motion from scratch, given that you are a competent analyst? There are at least two ways to develop probability theory. The more familiar path is to treat it as its own discipline, and work from intuitive examples such as coin flips and conundrums such as the Monty Hall problem.
