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Contribution Details

Type Book/Research Monograph
Scope Discipline-based scholarship
Title Mathematical Financial Economics - A Basic Introduction
Organization Unit
  • Thorsten Hens
  • Igor Evstigneev
  • Klaus Reiner Schenk-Hoppé
Status Published in final form
  • English
Place of Publication Switzerland
Publisher Springer
ISBN 978-3319165707
Series Name Springer Texts in Business and Economics
Number of Pages 224
Date 2015
Zusammenfassung Basic Introduction to the key topics in mathematical finance and financial economics - two realms of ideas that substantially overlap but are often treated seperately from each other. Our goal is to present the highlights in the field, with the emphasis on the financial and economic content of the models, concepts and results. The book provides a novel, unified treatment of the subject by deriving each topic from common fundamental principles and showing the interrelations between the key themes. No advanced mathematics is used. The textbook covers the classical topics, such as mean-variance portfolio analysis (Markowitz, CAPM, factor models, the ROss-Huberman APT), derivative securities pricing, and general equilibrium models of asset markets (Arrow, Debreu and Radner). A less standard but very important topic, which to our knowledge has not previously been covered in elementary textbooks, is capital growth theory. Absolutely new material, reflecting research achievements of recent years, is an introduction to new dynamic equilibrium models of financial markets combinig behavioral and evolutionary principles.
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