Discrete-Time Approximations and Limit Theorems: In Applications to Financial Markets (Issn)

Financial market modeling is a prime example of a real-life application of probability theory and stochastics. This authoritative book discusses the discrete-time approximation and other qualitative properties of models of financial markets, like the Black-Scholes model and its generalizations, offering in this way rigorous insights on one of the most interesting applications of mathematics nowadays. * An authoritative book on financial market modeling * Studies the discrete approximation, the parameter dependence and the asymptotics of financial models * Of interest to researchers and graduate students in mathematics as well in financial applications