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Product details
File Size: 23643 KB
Print Length: 480 pages
Publisher: WSPC; 3 edition (July 13, 2012)
Publication Date: July 13, 2012
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B009GF58UW
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The title is very appropriate for the content of the book. The author states that the prerequisites are the three semesters of Calculus but in my opinion those are insufficient (unless those courses were taught in a more rigorous way than the mainstream Stewart calculus). I would also add as prerequisites the following: Linear Algebra, Differential Equations (at least some basic PDE), and some intro to proof course (this might be more optional). The linear algebra is indispensable in the Arbitrage Theorem chapter and the Diffy Q's for deriving the Black-Scholes. The intro to proof course would be helpful in following along all the proofs AND missing in the details. If you can't take such course then the "Book of Proof" by Richard H. Hammack 3rd edition would suffice.All the solutions to the exercises are in the back of the book BUT most of them have missing details or steps. So thinking you can just look at the back without doing it yourself isn't going to work. Hence, the emphasis on the prerequisites. I do wish there were more exercises or a separate book that consisted of exercises only (maybe with hints and informal solutions).I don't recall ever seeing measure theory which shows that it's really suitable for undergraduates; specifically finance or math. I highly recommend this for math teachers, the curious, and/or as a gateway for more advanced financial mathematics.
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