Download or read book Mathematical Methods and Quantum Mathematics for Economics and Finance written by Belal Ehsan Baaquie and published by Springer Nature. This book was released on 2020-08-10 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the rapid pace of development in economics and finance, a concise and up-to-date introduction to mathematical methods has become a prerequisite for all graduate students, even those not specializing in quantitative finance. This book offers an introductory text on mathematical methods for graduate students of economics and finance–and leading to the more advanced subject of quantum mathematics. The content is divided into five major sections: mathematical methods are covered in the first four sections, and can be taught in one semester. The book begins by focusing on the core subjects of linear algebra and calculus, before moving on to the more advanced topics of probability theory and stochastic calculus. Detailed derivations of the Black-Scholes and Merton equations are provided – in order to clarify the mathematical underpinnings of stochastic calculus. Each chapter of the first four sections includes a problem set, chiefly drawn from economics and finance. In turn, section five addresses quantum mathematics. The mathematical topics covered in the first four sections are sufficient for the study of quantum mathematics; Black-Scholes option theory and Merton’s theory of corporate debt are among topics analyzed using quantum mathematics.

Download or read book Quantum Field Theory for Economics and Finance written by Belal Ehsan Baaquie and published by Cambridge University Press. This book was released on 2018-08-23 with total page 717 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introduction to how the mathematical tools from quantum field theory can be applied to economics and finance, providing a wide range of quantum mathematical techniques for designing financial instruments. The ideas of Lagrangians, Hamiltonians, state spaces, operators and Feynman path integrals are demonstrated to be the mathematical underpinning of quantum field theory, and which are employed to formulate a comprehensive mathematical theory of asset pricing as well as of interest rates, which are validated by empirical evidence. Numerical algorithms and simulations are applied to the study of asset pricing models as well as of nonlinear interest rates. A range of economic and financial topics are shown to have quantum mechanical formulations, including options, coupon bonds, nonlinear interest rates, risky bonds and the microeconomic action functional. This is an invaluable resource for experts in quantitative finance and in mathematics who have no specialist knowledge of quantum field theory.

Download or read book Mathematical Methods for Financial Markets written by Monique Jeanblanc and published by Springer Science & Business Media. This book was released on 2009-10-13 with total page 754 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mathematical finance has grown into a huge area of research which requires a large number of sophisticated mathematical tools. This book simultaneously introduces the financial methodology and the relevant mathematical tools in a style that is mathematically rigorous and yet accessible to practitioners and mathematicians alike. It interlaces financial concepts such as arbitrage opportunities, admissible strategies, contingent claims, option pricing and default risk with the mathematical theory of Brownian motion, diffusion processes, and Lévy processes. The first half of the book is devoted to continuous path processes whereas the second half deals with discontinuous processes. The extensive bibliography comprises a wealth of important references and the author index enables readers quickly to locate where the reference is cited within the book, making this volume an invaluable tool both for students and for those at the forefront of research and practice.

Download or read book Mathematical Methods in Economics and Social Choice written by norman schofield and published by Springer Science & Business Media. This book was released on 2004-03-15 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the usual optimisation techniques have been extended to incorporate more powerful topological and differential methods, and these methods have led to new results on the qualitative behaviour of general economic and political systems. The progression of ideas presented in this book will familiarize the student with the geometric concepts underlying these topological methods, and, as a result, make mathematical economics, general equilibrium theory, and social choice theory more accessible.

Download or read book Mathematical Methods in Science and Engineering written by Selcuk S. Bayin and published by John Wiley & Sons. This book was released on 2006-09-01 with total page 710 pages. Available in PDF, EPUB and Kindle. Book excerpt: An innovative treatment of mathematical methods for a multidisciplinary audience Clearly and elegantly presented, Mathematical Methods in Science and Engineering provides a coherent treatment of mathematical methods, bringing advanced mathematical tools to a multidisciplinary audience. The growing interest in interdisciplinary studies has brought scientists from many disciplines such as physics, mathematics, chemistry, biology, economics, and finance together, which has increased the demand for courses in upper-level mathematical techniques. This book succeeds in not only being tuned in to the existing practical needs of this multidisciplinary audience, but also plays a role in the development of new interdisciplinary science by introducing new techniques to students and researchers. Mathematical Methods in Science and Engineering's modular structure affords instructors enough flexibility to use this book for several different advanced undergraduate and graduate level courses. Each chapter serves as a review of its subject and can be read independently, thus it also serves as a valuable reference and refresher for scientists and beginning researchers. There are a growing number of research areas in applied sciences, such as earthquakes, rupture, financial markets, and crashes, that employ the techniques of fractional calculus and path integrals. The book's two unique chapters on these subjects, written in a style that makes these advanced techniques accessible to a multidisciplinary audience, are an indispensable tool for researchers and instructors who want to add something new to their compulsory courses. Mathematical Methods in Science and Engineering includes: * Comprehensive chapters on coordinates and tensors and on continuous groups and their representations * An emphasis on physical motivation and the multidisciplinary nature of the methods discussed * A coherent treatment of carefully selected topics in a style that makes advanced mathematical tools accessible to a multidisciplinary audience * Exercises at the end of every chapter and plentiful examples throughout the book Mathematical Methods in Science and Engineering is not only appropriate as a text for advanced undergraduate and graduate physics programs, but is also appropriate for engineering science and mechanical engineering departments due to its unique chapter coverage and easily accessible style. Readers are expected to be familiar with topics typically covered in the first three years of science and engineering undergraduate programs. Thoroughly class-tested, this book has been used in classes by more than 1,000 students over the past eighteen years.

Download or read book Quantum Economics and Finance written by David Orrell and published by . This book was released on 2022-07-13 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The word "quantum" is from the Latin for "how much" and in this book mathematician David Orrell shows how it applies to the world of economic transactions. Written in clear and accessible language, the book covers the essential mathematics behind topics such as quantum cognition, option pricing, and quantum game theory, and delves into the nuts and bolts of quantum mechanics, the principles of quantum economic modelling, and the basics of quantum computation. On the way the reader will learn how quantum interference can be used to model cognitive dissonance, how a quantum walk goes further than a random walk, and how financial entanglement explains the rate of mortgage default. It is aimed at anyone who wants to understand the quantum ideas working their way into economics and finance, without getting drowned in wave equations. As interest in quantum computing grows, many companies from established banks to startups are looking at ways to perform financial simulations using quantum algorithms. But what if we should be using quantum models anyway - because the monetary system has quantum properties of its own, and because they work? The field is developing rapidly, and this third edition contains many updates including new material on quantum logic and quantum agent-based models. David Orrell is an applied mathematician with extensive experience in mathematical modelling, and the author of a dozen books on science and economics.

Download or read book Quantum Finance written by Belal E. Baaquie and published by Cambridge University Press. This book was released on 2007-07-23 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book applies the mathematics and concepts of quantum mechanics and quantum field theory to the modelling of interest rates and the theory of options. Particular emphasis is placed on path integrals and Hamiltonians. Financial mathematics is dominated by stochastic calculus. The present book offers a formulation that is completely independent of that approach. As such many results emerge from the ideas developed by the author. This work will be of interest to physicists and mathematicians working in the field of finance, to quantitative analysts in banks and finance firms and to practitioners in the field of fixed income securities and foreign exchange. The book can also be used as a graduate text for courses in financial physics and financial mathematics.

Download or read book Mathematics for Economists Made Simple written by Viatcheslav Vinogradov and published by Karolinum Press, Charles University. This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the field of economics becomes ever more specialized and complicated, so does the mathematics required of economists. With Mathematics for Economists, expert mathematician Viatcheslav V. Vinogradov offers a straightforward, practical textbook for students in economics--for whom mathematics is not a scientific or philosophical subject but a practical necessity. Focusing on the most important fields of economics, the book teaches apprentice economists to apply mathematical algorithms and methods to economic analysis, while abundant exercises and problem sets allow them to test what they've learned.

Download or read book Mathematics for Economics and Finance written by Martin Anthony and published by . This book was released on 1996 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Mathematics for Economists with Applications written by James Bergin and published by Routledge. This book was released on 2015-01-09 with total page 571 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mathematics for Economists with Applications provides detailed coverage of the mathematical techniques essential for undergraduate and introductory graduate work in economics, business and finance. Beginning with linear algebra and matrix theory, the book develops the techniques of univariate and multivariate calculus used in economics, proceeding to discuss the theory of optimization in detail. Integration, differential and difference equations are considered in subsequent chapters. Uniquely, the book also features a discussion of statistics and probability, including a study of the key distributions and their role in hypothesis testing. Throughout the text, large numbers of new and insightful examples and an extensive use of graphs explain and motivate the material. Each chapter develops from an elementary level and builds to more advanced topics, providing logical progression for the student, and enabling instructors to prescribe material to the required level of the course. With coverage substantial in depth as well as breadth, and including a companion website at www.routledge.com/cw/bergin, containing exercises related to the worked examples from each chapter of the book, Mathematics for Economists with Applications contains everything needed to understand and apply the mathematical methods and practices fundamental to the study of economics.

Download or read book Quantum Computers written by Belal Ehsan Baaquie and published by Springer Nature. This book was released on 2023-01-03 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents various theories and algorithms to create a quantum computer. The concept of the classical and quantum computers, and the concept of circuits and gates are reviewed. The example of the Deutsch and the Deutsch-Josca algorithm is discussed to illustrate some key features of quantum computing. The Grover algorithm, considered to be of major milestone of the subject, is discussed in detail to exemplify the techniques used in computer algorithms. The role of quantum superposition (also called quantum parallelism) and of quantum entanglement is discussed in order to understand the key advantages of a quantum over a classical computer.

Download or read book Mathematical Methods in Quantum Mechanics written by Gerald Teschl and published by American Mathematical Soc.. This book was released on 2009 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantum mechanics and the theory of operators on Hilbert space have been deeply linked since their beginnings in the early twentieth century. States of a quantum system correspond to certain elements of the configuration space and observables correspond to certain operators on the space. This book is a brief, but self-contained, introduction to the mathematical methods of quantum mechanics, with a view towards applications to Schrodinger operators. Part 1 of the book is a concise introduction to the spectral theory of unbounded operators. Only those topics that will be needed for later applications are covered. The spectral theorem is a central topic in this approach and is introduced at an early stage. Part 2 starts with the free Schrodinger equation and computes the free resolvent and time evolution. Position, momentum, and angular momentum are discussed via algebraic methods. Various mathematical methods are developed, which are then used to compute the spectrum of the hydrogen atom. Further topics include the nondegeneracy of the ground state, spectra of atoms, and scattering theory. This book serves as a self-contained introduction to spectral theory of unbounded operators in Hilbert space with full proofs and minimal prerequisites: Only a solid knowledge of advanced calculus and a one-semester introduction to complex analysis are required. In particular, no functional analysis and no Lebesgue integration theory are assumed. It develops the mathematical tools necessary to prove some key results in nonrelativistic quantum mechanics. Mathematical Methods in Quantum Mechanics is intended for beginning graduate students in both mathematics and physics and provides a solid foundation for reading more advanced books and current research literature. It is well suited for self-study and includes numerous exercises (many with hints).

Download or read book Aspects of Mathematical Finance written by Marc Yor and published by Springer Science & Business Media. This book was released on 2008-02-13 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays is based on lectures given at the "Académie des Sciences" in Paris by internationally renowned experts in mathematical finance. The collection develops, in simple yet rigorous terms, some challenging topics such as risk measures, the notion of arbitrage, dynamic models involving fundamental stochastic processes like Brownian motion and Lévy processes. The book also features a description of the trainings of French financial analysts.

Download or read book The Interval Market Model in Mathematical Finance written by Pierre Bernhard and published by Springer Science & Business Media. This book was released on 2012-12-14 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Toward the late 1990s, several research groups independently began developing new, related theories in mathematical finance. These theories did away with the standard stochastic geometric diffusion “Samuelson” market model (also known as the Black-Scholes model because it is used in that most famous theory), instead opting for models that allowed minimax approaches to complement or replace stochastic methods. Among the most fruitful models were those utilizing game-theoretic tools and the so-called interval market model. Over time, these models have slowly but steadily gained influence in the financial community, providing a useful alternative to classical methods. A self-contained monograph, The Interval Market Model in Mathematical Finance: Game-Theoretic Methods assembles some of the most important results, old and new, in this area of research. Written by seven of the most prominent pioneers of the interval market model and game-theoretic finance, the work provides a detailed account of several closely related modeling techniques for an array of problems in mathematical economics. The book is divided into five parts, which successively address topics including: · probability-free Black-Scholes theory; · fair-price interval of an option; · representation formulas and fast algorithms for option pricing; · rainbow options; · tychastic approach of mathematical finance based upon viability theory. This book provides a welcome addition to the literature, complementing myriad titles on the market that take a classical approach to mathematical finance. It is a worthwhile resource for researchers in applied mathematics and quantitative finance, and has also been written in a manner accessible to financially-inclined readers with a limited technical background.

Download or read book Mathematical Techniques in Finance written by Ales Cerný and published by Princeton University Press. This book was released on 2009-07-06 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 2003, Mathematical Techniques in Finance has become a standard textbook for master's-level finance courses containing a significant quantitative element while also being suitable for finance PhD students. This fully revised second edition continues to offer a carefully crafted blend of numerical applications and theoretical grounding in economics, finance, and mathematics, and provides plenty of opportunities for students to practice applied mathematics and cutting-edge finance. Ales Cerný mixes tools from calculus, linear algebra, probability theory, numerical mathematics, and programming to analyze in an accessible way some of the most intriguing problems in financial economics. The textbook is the perfect hands-on introduction to asset pricing, optimal portfolio selection, risk measurement, and investment evaluation. The new edition includes the most recent research in the area of incomplete markets and unhedgeable risks, adds a chapter on finite difference methods, and thoroughly updates all bibliographic references. Eighty figures, over seventy examples, twenty-five simple ready-to-run computer programs, and several spreadsheets enhance the learning experience. All computer codes have been rewritten using MATLAB and online supplementary materials have been completely updated. A standard textbook for graduate finance courses Introduction to asset pricing, portfolio selection, risk measurement, and investment evaluation Detailed examples and MATLAB codes integrated throughout the text Exercises and summaries of main points conclude each chapter

Download or read book Looking Beyond The Frontiers Of Science Dedicated To The 80th Birthday Of Kk Phua written by Lars Brink and published by World Scientific. This book was released on 2022-07-25 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: Professor Kok Khoo Phua is the Founding Director and Emeritus Professor of the Institute of Advanced Studies (IAS) at Nanyang Technological University (NTU) and Adjunct Professor of Department of Physics both at Nanyang Technological University (NTU) and National University of Singapore (NUS). He is the Chairman and Editor-in-Chief of World Scientific Publishing Co Pte Ltd.When he was elected a Fellow of the American Physical Society (APS) in 2009, the citation read: 'For tireless efforts to strengthen scientific research throughout Asia and promote international physics education and scholarly exchanges, and for enriching science and education through the World Scientific Publishing Company he founded.'This unique volume on the occasion of his 80th birthday is a compilation of tributes from his friends who have known him for decades along with scientific articles that celebrate his visionary approach to promote science worldwide.

Download or read book Mathematics for Economists written by William Novshek and published by Emerald Group Publishing. This book was released on 2009-12-01 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text contains the mathematical material necessary as background for the topics covered in advanced microeconomics courses. It focuses on two key components of microeconomics - optimization subject to constraints and the development of comparative statistics. Assuming familiarity with calculus of one variable and basic linear algebra, the text allows more extensive coverage of additional topics like constrained optimization, the chain rule, Taylor's theorem, line integrals and dynamic programming. It contains numerous examples that illustrate economics and mathematical situations, many with complex solutions.