A comprehensive and self-contained treatment of the theory and practice of option pricing. The role of martingale methods in financial modeling is exposed. The

A new edition of a successful, well-established book that provides the reader with a text focused on practical rather than theoretical aspects of financial mode

This book offers an introduction to the mathematical, probabilistic and numerical methods used in the modern theory of option pricing. The text is designed for

WINNER of a Riskbook.com Best of 2004 Book Award! During the last decade, financial models based on jump processes have acquired increasing popularity in risk m

An excellent basis for further study. Suitable even for readers with no mathematical background.