Tomas Bjork

'Point Processes and Jump Diffusions'

Bog | Engelsk

The theory of marked point processes on the real line is of great and increasing importance in areas such as insurance mathematics, queuing theory and financial economics. However, the theory is often viewed as technically and conceptually difficult and h

'Arbitrage Theory in Continuous Time'

Bog | Engelsk

The fourth edition of this widely used textbook on pricing and hedging of financial derivatives now also includes dynamic equilibrium theory and continues to combine sound mathematical principles with economic applications. Concentrating on the probabilis