Change Of Time And Change Of Measure Second Edition
Download Change Of Time And Change Of Measure Second Edition full books in PDF, epub, and Kindle. Read online free Change Of Time And Change Of Measure Second Edition ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
| Author | : Ole E Barndorff-nielsen |
| Publisher | : World Scientific Publishing Company |
| Total Pages | : 345 |
| Release | : 2015-05-07 |
| Genre | : Business & Economics |
| ISBN | : 9814678600 |
Change of Time and Change of Measure provides a comprehensive account of two topics that are of particular significance in both theoretical and applied stochastics: random change of time and change of probability law.Random change of time is key to understanding the nature of various stochastic processes, and gives rise to interesting mathematical results and insights of importance for the modeling and interpretation of empirically observed dynamic processes. Change of probability law is a technique for solving central questions in mathematical finance, and also has a considerable role in insurance mathematics, large deviation theory, and other fields.The book comprehensively collects and integrates results from a number of scattered sources in the literature and discusses the importance of the results relative to the existing literature, particularly with regard to mathematical finance.In this Second Edition a Chapter 13 entitled 'A Wider View' has been added. This outlines some of the developments that have taken place in the area of Change of Time and Change of Measure since the publication of the First Edition. Most of these developments have their root in the study of the Statistical Theory of Turbulence rather than in Financial Mathematics and Econometrics, and they form part of the new research area termed 'Ambit Stochastics'.
| Author | : Ole E. Barndorff-Nielsen |
| Publisher | : Advanced Series on Statistical Science & Applied Probability |
| Total Pages | : 326 |
| Release | : 2015 |
| Genre | : Probabilities |
| ISBN | : 9789814678582 |
Change of Time and Change of Measure provides a comprehensive account of two topics that are of particular significance in both theoretical and applied stochastics: random change of time and change of probability law. Random change of time is key to understanding the nature of various stochastic processes, and gives rise to interesting mathematical results and insights of importance for the modeling and interpretation of empirically observed dynamic processes. Change of probability law is a technique for solving central questions in mathematical finance, and also has a considerable role in insurance mathematics, large deviation theory, and other fields. The book comprehensively collects and integrates results from a number of scattered sources in the literature and discusses the importance of the results relative to the existing literature, particularly with regard to mathematical finance. In this Second Edition a Chapter 13 entitled 'A Wider View' has been added. This outlines some of the developments that have taken place in the area of Change of Time and Change of Measure since the publication of the First Edition. Most of these developments have their root in the study of the Statistical Theory of Turbulence rather than in Financial Mathematics and Econometrics, and they form part of the new research area termed 'Ambit Stochastics'.
| Author | : Ole E. Barndorff-Nielsen |
| Publisher | : |
| Total Pages | : |
| Release | : 2010 |
| Genre | : |
| ISBN | : 9789814343541 |
| Author | : Nicolas Privault |
| Publisher | : World Scientific |
| Total Pages | : 373 |
| Release | : 2021-09-02 |
| Genre | : Mathematics |
| ISBN | : 9811226628 |
This book introduces the mathematics of stochastic interest rate modeling and the pricing of related derivatives, based on a step-by-step presentation of concepts with a focus on explicit calculations. The types of interest rates considered range from short rates to forward rates such as LIBOR and swap rates, which are presented in the HJM and BGM frameworks. The pricing and hedging of interest rate and fixed income derivatives such as bond options, caps, and swaptions, are treated using forward measure techniques. An introduction to default bond pricing and an outlook on model calibration are also included as additional topics.This third edition represents a significant update on the second edition published by World Scientific in 2012. Most chapters have been reorganized and largely rewritten with additional details and supplementary solved exercises. New graphs and simulations based on market data have been included, together with the corresponding R codes.This new edition also contains 75 exercises and 4 problems with detailed solutions, making it suitable for advanced undergraduate and graduate level students.
| Author | : Carolyn M. Aldwin, PhD |
| Publisher | : Springer Publishing Company |
| Total Pages | : 416 |
| Release | : 2013-01-17 |
| Genre | : Social Science |
| ISBN | : 0826193471 |
"Aldwin and Gilmer have supplied an interesting textual model for examining health, illness, and aging. Their homogenized approach to aging research is refreshing and insightful."--Anthropology and Aging Quarterly "Clearly written at a level for college students, this is an excellent resource on aging...Highly recommended.--Choice: Current Reviews for Academic Libraries Spanning the biological and psychosocial aspects of aging, this upper-level undergraduate and graduate text integrates current findings in biology, psychology, and the social sciences to provide comprehensive, multidisciplinary coverage of the aging process. This new edition incorporates the tremendous amount of research that has come to light since the first edition was published. From a physical perspective, the text examines age-related changes and disease-related processes, the demography of the aging population, aging theories, and how to promote optimal aging. Coverage of the psychosocial aspects of aging encompasses mental health, stress and coping, spirituality, and caregiving in later years. The authors address demographic, theoretical, and methodological issues on aging, including a worldwide overview of aging demographics. The book reviews biological and psychosocial theories and offers much-needed information on longitudinal design and statistics as they relate to aging research. It discusses the aging of the major organ systems, the brain and sensory systems, and the endocrine and immune systems; basic anatomy and physiology; normal, impaired, and optimal aging; and functional health. Psychosocial factors that affect health are addressed, including the interplay between physical health and mental health, stress, coping, and social support. The text also covers current issues in social gerontology, including such promising new trends as gerontechnology and Green Houses, and provides information on health promotion programs. New to the Second Edition: Information involving retirement, volunteer opportunities, housing, and adaptation to health changes Coverage of economics and aging, including information on social security and other retirement income and the future of Medicare and Medicaid Significant new information about the regulatory systems Revised and updated chapters on death and dying and optimal aging Discussions on two models of optimal aging and valuable tips for its promotion URLs to relevant websites for additional information
| Author | : Masaaki Kijima |
| Publisher | : CRC Press |
| Total Pages | : 346 |
| Release | : 2013-04-18 |
| Genre | : Business & Economics |
| ISBN | : 143988482X |
Financial engineering has been proven to be a useful tool for risk management, but using the theory in practice requires a thorough understanding of the risks and ethical standards involved. Stochastic Processes with Applications to Finance, Second Edition presents the mathematical theory of financial engineering using only basic mathematical tools that are easy to understand even for those with little mathematical expertise. This second edition covers several important developments in the financial industry. New to the Second Edition A chapter on the change of measures and pricing of insurance products Many examples of the change of measure technique, including its use in asset pricing theory A section on the use of copulas, especially in the pricing of CDOs Two chapters that offer more coverage of interest rate derivatives and credit derivatives Exploring the merge of actuarial science and financial engineering, this edition examines how the pricing of insurance products, such as equity-linked annuities, requires knowledge of asset pricing theory since the equity index can be traded in the market. The book looks at the development of many probability transforms for pricing insurance risks, including the Esscher transform. It also describes how the copula model is used to model the joint distribution of underlying assets. By presenting significant results in discrete processes and showing how to transfer the results to their continuous counterparts, this text imparts an accessible, practical understanding of the subject. It helps readers not only grasp the theory of financial engineering, but also implement the theory in business.
| Author | : Tammy Roberts |
| Publisher | : Broadview Press |
| Total Pages | : 761 |
| Release | : 2011-05-25 |
| Genre | : Literary Collections |
| ISBN | : 155481037X |
A substantial selection of classic essays allows readers to trace the history of the essay from Swift to Woolf and Orwell and beyond. A selection of the finest of contemporary essays—from Witold Rybcynski to David Sedaris and Elizabeth Kolbert—provides a broad sample of the genre in the late twentieth and early twenty-first centuries. The academic essays begin with classic selections from such writers as Darwin and Charles Lyell, but the emphasis is on recent decades. Emphasized as well are academic papers or essays that have been especially influential or controversial, from Luis and Walter Alvarez’s suggestion that an asteroid caused the extinction of the dinosaurs to Judith Rich Harris’s argument that the influence of peers may be at least as influential in the formation of personality as that of parents. Works of different lengths, levels of difficulty and subject matter are all represented, as are narrative, descriptive and persuasive essays. Also included in the text is a range of questions and suggestions for discussion. The text selections are numbered by paragraph for ready reference. Added to the second edition are new selections by Malcolm Gladwell, Doris Lessing, Eric Schlosser, Binyavanga Wainaina, and over twenty others. This new edition also provides pairings of informal and academic articles that address the same topic, allowing readers to consider contrasting approaches.
| Author | : Alan J. Auerbach |
| Publisher | : MIT Press |
| Total Pages | : 500 |
| Release | : 1998-07-31 |
| Genre | : Business & Economics |
| ISBN | : 0262511037 |
Many undergraduate texts treat macroeconomics as a set of distinct topics rather than as a unified body of theory and empirical findings. In contrast, this text by Alan Auerbach and Laurence Kotlikoff uses a single analytic framework—the two-period life-cycle model—to explore and connect each of the major issues in contemporary macroeconomics. The model describes the evolution of the economy over time in terms of the behavior of overlapping generations of individuals, each of whom lives for two periods: youth and old age. This versatile framework can encompass most macroeconomic schools of thought through the alteration of key assumptions. The use of one basic model also allows the authors to explore important topics not always addressed adequately in other texts; these include credit constraints, real business cycles, generational accounting, and international capital flows markets. Written in a clear, accessible style, this shortened and simplified second edition provides a systematic way to interpret macroeconomic outcomes, to understand various policy proposals, and to appreciate how individuals and firms fit into the big picture.
| Author | : Jean Hindriks |
| Publisher | : MIT Press |
| Total Pages | : 1013 |
| Release | : 2013-04-05 |
| Genre | : Political Science |
| ISBN | : 0262018691 |
A new edition of a comprehensive text, updated throughout, with new material on behavioral economics, international taxation, cost-benefit analysis, and the economics of climate policy. Public economics studies how government taxing and spending activities affect the economy—economic efficiency and the distribution of income and wealth. This comprehensive text on public economics covers the core topics of market failure and taxation as well as recent developments in both policy and the academic literature. It is unique not only in its broad scope but in its balance between public finance and public choice and its combination of theory and relevant empirical evidence. The book covers the theory and methodology of public economics; presents a historical and theoretical overview of the public sector; and discusses such topics as departures from efficiency (including imperfect competition and asymmetric information), issues in political economy, equity, taxation, fiscal federalism, and tax competition among independent jurisdictions. Suggestions for further reading, from classic papers to recent research, appear in each chapter, as do exercises. The mathematics has been kept to a minimum without sacrificing intellectual rigor; the book remains analytical rather than discursive. This second edition has been thoroughly updated throughout. It offers new chapters on behavioral economics, limits to redistribution, international taxation, cost-benefit analysis, and the economics of climate policy. Additional exercises have been added and many sections revised in response to advice from readers of the first edition.
| Author | : Swati Prabhu |
| Publisher | : The Energy and Resources Institute (TERI) |
| Total Pages | : 60 |
| Release | : |
| Genre | : Science |
| ISBN | : 8179936910 |
What is the difference between ‘climate’ and ‘weather’? When was the change in climate first recognized and by whom? What is ‘Anthropocene’? Does climate change impact mental health? Is climate change a result of the conflict between human and nature? How is food security linked to climate change? What is GISTEMP? Know the answers to these, and 43 more frequently asked questions, on climate change, its various aspects, and impacts. Other titles in this series: 50 FAQs on Air Pollution (ISBN: 9788174686514) 50 FAQs on Global Warming (ISBN: 9788179936986) 50 FAQs on Renewable Energy (ISBN: 9788179936900) 50 FAQs on Waste Management (ISBN: 9788179936993) 50 FAQs on Water Pollution (ISBN: 9788179936924) Table of Contents: Weather / Climate / Difference between ‘climate’ and ‘weather’ / Global climate change / Preventing climate change / Atmosphere / Main components of Earth’s atmosphere / Greenhouse gases / Source of greenhouse gases / Greenhouse effect / Change in climate / Inklings of changing climate / Carbon / Carbon footprint / Anthropocene / Sources of human-made emissions / Health risks due to climate change / Impact of climate change on mental health / Global mean surface temperature / Atmospheric carbon cycle / Global warming / Difference between global warming and climate change / Link between climate change and COVID-19 / Conflict between human and nature / Food security / Relation between food security and climate change / International climate change negotiation / GISTEMP / Climate neutrality / Paris Climate Agreement / Conference of Parties / Kyoto Protocol / Sustainable development / Copenhagen Accord / Agenda 2030 / Sustainable Development Goals / Clean Development Mechanism / Intended Nationally Determined Contribution / CBDR–RC / India’s INDCs / Green bond / Carbon sink / Decarbonization / Ocean acidification / Energy conservation and energy efficiency / Share of GHG emissions / Reducing carbon footprint / National Action Plan on Climate Change / Afforestation / Sustainable lifestyle
