02761nam 22004335 450 991025504430332120200704003606.01-137-43569-010.1057/978-1-137-43569-9(CKB)4100000000586927(DE-He213)978-1-137-43569-9(MiAaPQ)EBC5017864(EXLCZ)99410000000058692720170904d2017 u| 0engurnn|008mamaatxtrdacontentcrdamediacrrdacarrierNumerical Partial Differential Equations in Finance Explained An Introduction to Computational Finance /by Karel in 't Hout1st ed. 2017.London :Palgrave Macmillan UK :Imprint: Palgrave Macmillan,2017.1 online resource (XIV, 128 p. 42 illus.) Financial Engineering Explained1-137-43568-2 Includes bibliographical references and index.Chapter1. Financial option valuation.-Chapter2. Partial differential equations -- Chapter3 Spatial discretization I -- Chapter4. Spatial discretization II -- Chapter5. Numerical study: space -- Chapter6. The Greeks -- Chapter7. Temporal discretization -- Chapter8. Numerical study: time -- Chapter9. Cash-or-nothing options -- Chapter10. Barrier options -- Chapter11. American-style options -- Chapter12. Merton model -- Chapter13. Two-asset options.This book provides a first, basic introduction into the valuation of financial options via the numerical solution of partial differential equations (PDEs). It provides readers with an easily accessible text explaining main concepts, models, methods and results that arise in this approach. In keeping with the series style, emphasis is placed on intuition as opposed to full rigor, and a relatively basic understanding of mathematics is sufficient. The book provides a wealth of examples, and ample numerical experiments are givento illustrate the theory. The main focus is on one-dimensional financial PDEs, notably the Black-Scholes equation. The book concludes with a detailed discussion of the important step towards two-dimensional PDEs in finance.Financial Engineering ExplainedFinancial engineeringFinancial Engineeringhttps://scigraph.springernature.com/ontologies/product-market-codes/612020Financial engineering.Financial Engineering.650.01513in 't Hout Karelauthttp://id.loc.gov/vocabulary/relators/aut998255BOOK9910255044303321Numerical Partial Differential Equations in Finance Explained2289719UNINA