PDF document, quite clear

Essentials of Stochastic Finance: Facts, Models, Theory
by Albert N. Shiryaev and N. Kruzhilin
Series: Advanced Series on Statistical Science and Applied Probability
Hardcover: 834 pages
Publisher: World Scientific Pub Co Inc; 1st edition (April 15, 1999)
Language: English
ISBN-10: 9810236050
ISBN-13: 978-9810236052


This text provides information for those dealing with stochastic calculus and pricing in the models of financial markets operating under uncertainty. It introduces the reader to the main concepts, notions and results of stochastic financial mathematics, and develops applications of these results to various kinds of calculations required in financial engineering. It also answers the requests of teachers of financial mathematics and engineering by making a bias towards probabilistic and stastical ideas and the methods of stochastic calculus in the analysis of market risks.


Review "The author's choice of material is outstanding and well worth the time and effort it will require to get through.." -- Journal of Applied Mathematics and Stochastic Analysis, 2000 "written in a very lively style, in which the author effortlessly jumps from abstract mathematical frameworks to interesting historical remarks" -- Mathematical Reviews ...as an encyclopedia of results and methods for financial analysis it's very impressive and certainly very useful as well. --Mathematics Abstracts, 2002