April 2011
Intermediate to advanced
328 pages
9h 5m
English
Content preview from Risk Analysis in Finance and Insurance, 2nd Edition
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Appendix B
Bibliographic Remarks
Chapter 1. We introduce the notions of a financial market and of basic and
derivative securities. We discuss the notion of a bank account as a risk-free as-
set and the related methods of dealing with interest rates. It is illustrated that
probabilistic methods are the natural choice of tools for financial modeling.
We give a brief introduction to probability theory and stochastic analysis as
a foundation for modeling and quantification of risks in finance and insurance
([13], [49], [87], [88], [22], [82], [50]).
Chapter 2 . As in the probability theory, where many general ideas and
methods are often first explained in a
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