Mathematics of Arbitrage

Discover the intricate world of finance with Mathematics of Arbitrage by Freddy Delbaen. Published in 2005, this essential text delves into the mathematical foundations of pricing and hedging derivative securities through the principle of no arbitrage. Spanning 371 pages, this first edition, which saw its second printing in 2008, is a collection of seven insightful papers that explore the topic within the broader context of semi-martingale theory.

Ideal for students and professionals in applied mathematics, finance, and economics, this book provides a rigorous analysis of key concepts such as the fundamental theorem of asset pricing, martingales, and the change of numeraire. Enhance your understanding of investment strategies and the mathematical models that underpin market dynamics. Whether you're looking to refine your expertise or expand your knowledge, Mathematics of Arbitrage is a valuable addition to your collection.