Option Pricing and Estimation of Financial Models with R

Preface

Why another book on option pricing and why the choice of language? The language is increasingly accepted by so-called ‘quants’ as the basic infrastructure for financial applications. A growing number of projects, papers and conferences are either -centric or, at least, deal with solutions. itself may not initially be very friendly, but, on the other hand, are stochastic integrals, martingales, and the Lévy process that friendly? In addition to this argument, we should take into account the famous quote from the community by Greg Snow which describes the correct approach to but equally applies to the Itô integral and to mathematical finance in general:

When talking about user friendliness of computer software I like the analogy of cars vs. busses: Busses are very easy to use, you ...