A framework for financial market modeling, the benchmark approach extends beyond standard risk neutral pricing theory. It permits a unified treatment of portfolio optimization, derivative pricing, integrated risk management and insurance risk modeling. This book presents the necessary mathematical tools, followed by a thorough introduction to financial modeling under the benchmark approach, explai...
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A Benchmark Approach To Quantitative Finance(Hardback) - 2009 Edition reviews:
The book had some errors which the author corrected for in a more recent version. Makes it harder to follow....
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