An Introduction to Mathematical Finance : Options and Other Topics
Author: Sheldon M. Ross
List Price: $38.00
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ISBN: 0521770432
Publisher: Cambridge University Press (28 August, 1999)
Sales Rank: 84,678
Average Customer Rating: 3 out of 5
Customer Reviews
Rating: 3 out of 5
Change the title to gain 5 stars
I somewhat agree and disagree with other reviewers. The assumption of this book is "this book aims to people who has no background in probability, normal random, and geometric Brownian motion". Therefore, this book is suitable for managers, business students or CFO who want to get their first book in stochastic finance. This book serves its purpose in that regard -compiling all basics and introductory issues in concise book. However, owning to the author's reputation and the title of the book, this book may distract your understanding before purchasing. Prof. Ross wrote several serious math book and many great stochastic books. So readers may expect more from this book. I'm quite happy to see Ross wrote a simple book for every one as well as the hard-core mathematics books for someone. Also, the title is somewhat distort the real meaning of this book. This book should have the title as "Mathematical Finance for Managers" or "Mathematical Finance for Business", which are more suitable. For both agree and disagree in some contents, I rate this book for 3 stars and which to see similar works to this book from Ross.
Rating: 2 out of 5
Too simple for mathematicians, too complex for laypersons
The level of mathematical maturity in the book is not well thought out. The book is simplistic to anyone with mathematical exposure to probability models but too complex for the non-mathematician to follow.
Rating: 4 out of 5
excellent book for non-mathematician
This book is very simple for mathematical students,but it is well tailored for non-mathematical students or practitioners. It presents arbitrage theorem and the proof of the theorem in different ways of approaches,so it is good one for readers to gasp the idea from different perspetive. Similar Products
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