This book allows you to understand fully the modern tools of numerical analysis in finance.

Many mathematical assumptions on which classical derivative pricing methods are based have come under scrutiny in recent years. The present volume offers an int

The authors review some important aspects of finance modeling involving partial differential equations and focus on numerical algorithms for the fast and accura

Abstract: This paper aims to practice the use of Monte Carlo methods to simulate stock prices in order to price European call options using control variates. Am

Helping readers accurately price a vast array of derivatives, this self-contained text explains how to solve complex functional equations through numerical meth