Binomial Models in Finance

• Main Authors: Hoek, John van der (Author), Elliott, Robert J. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: New York, NY : Springer New York, 2006.
• Series: Springer Finance
• Subjects: Statistics.; Economics, Mathematical.; Economic theory.; Statistics for Business/Economics/Mathematical Finance/Insurance.; Economic Theory/Quantitative Economics/Mathematical Methods.; Quantitative Finance.

This book deals with many topics in modern financial mathematics in a way that does not use advanced mathematical tools and shows how these models can be numerically implemented in a practical way. The book is aimed at undergraduate students, MBA students, and executives who wish to understand and a...

Table of Contents:

• The Binomial Model for Stock Options
• The Binomial Model for Other Contracts
• Multiperiod Binomial Models
• Hedging
• Forward and Futures Contracts
• American and Exotic Option Pricing
• Path-Dependent Options
• The Greeks
• Dividends
• Implied Volatility Trees
• Implied Binomial Trees
• Interest Rate Models
• Real Options
• The Binomial Distribution
• An Application of Linear Programming
• Volatility Estimation
• Existence of a Solution
• Some Generalizations
• Yield Curves and Splines.