{"product_id":"a-factor-model-approach-to-derivative-pricing-9781138426177","title":"A Factor Model Approach to Derivative Pricing","description":"\u003cp\u003e • Author(s): James A. Primbs\u003cbr\u003e • Publisher: Taylor \u0026amp; Francis\u003cbr\u003e • Publisher Imprint: CRC Press\u003cbr\u003e • BISAC: Finance - General\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eWritten in a highly accessible style, A Factor Model Approach to Derivative Pricing lays a clear and structured foundation for the pricing of derivative securities based upon simple factor model related absence of arbitrage ideas. This unique and unifying approach provides for a broad treatment of topics and models, including equity, interest-rate, and credit derivatives, as well as hedging and tree-based computational methods, but without reliance on the heavy prerequisites that often accompany such topics. \u003cbr\u003eKey features\u003c\/p\u003e \u003cp\u003eA single fundamental absence of arbitrage relationship based on factor models is used to motivate all the results in the book\u003c\/p\u003e \u003cp\u003eA structured three-step procedure is used to guide the derivation of absence of arbitrage equations and illuminate core underlying concepts \u003c\/p\u003e \u003cp\u003eBrownian motion and Poisson process driven models are treated together, allowing for a broad and cohesive presentation of topics\u003c\/p\u003e \u003cp\u003eThe final chapter provides a new approach to risk neutral pricing that introduces the topic as a seamless and natural extension of the factor model approach \u003c\/p\u003e \u003cp\u003eWhether being used as text for an intermediate level course in derivatives, or by researchers and practitioners who are seeking a better understanding of the fundamental ideas that underlie derivative pricing, readers will appreciate the book's ability to unify many disparate topics and models under a single conceptual theme. \u003cbr\u003eJames A Primbs is an Associate Professor of Finance at the Mihaylo College of Business and Economics at California State University, Fullerton.\u003c\/p\u003e","brand":"Taylor \u0026 Francis","offers":[{"title":"Hardcover","offer_id":45238375022743,"sku":"9781138426177","price":16601.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781138426177.webp?v=1769219541","url":"https:\/\/atlanticbooks.com\/products\/a-factor-model-approach-to-derivative-pricing-9781138426177","provider":"Atlantic Books","version":"1.0","type":"link"}