Browsing by Author Sadr, Amir

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  • TVS.004904_TT_(Wiley Finance) Amir Sadr - Mathematical Techniques in Finance_ An Introduction-Wiley (2022).pdf.jpg
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  • Authors: Sadr, Amir (2022)

  • Finance as a distinct field from economics is generally defined as the science or study of the management of funds. The creation of credit, savings, investments, banking institutions, financial markets and products, risk management all fall under the purview of finance. The unifying themes in finance are time, risk and money. Mathematical or quantitative finance is the application of mathematics to these core areas. While simple arithmetic was enough for accounting and keeping ledgers and double-entry bookkeeping, Louis Bachelier's doctoral thesis, Theorie de la speculation published in 1900 used Brownian motion to study stock prices, and is widely recognized as the beginning of quant...