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Second edition of Cass finance professor’s book published

As modern finance overlaps with many fields of mathematics this book aims to reduce some

Mathematical Techniques in Finance, by Ales Cerny

Monday, 8 June, 2009

Finance Professor Aleš Černý has had a second edition of his successful 'Mathematical Techniques in Finance' book published. Originally published in 2003, this book has become a standard textbook for masters-level finance courses and for finance PhD students.

As modern finance overlaps with many fields of mathematics this book aims to reduce some of the strain students may feel when taking a finance course with significant quantitative elements.

Professor Černý mixes tools such as calculus, linear algebra, probability theory, numerical mathematics, and programming to analyse problems in financial economics in an accessible way. The book introduces asset pricing, optimal portfolio selection, risk measurement, and investment evaluation.

The new edition also includes the most recent research in the area of incomplete markets and unhedgeable risks and adds a chapter on finite difference methods.

Darrell Duffie, Dean Witter Distinguished Professor of Finance at The Graduate School of Business, Stanford University, explains his appreciation of the new edition of Professor Černý's book: "By updating the original edition with methods used in recent research, Černý has once again given us an up-to-date first-class textbook treatment of the subject."

For more information and to purchase 'Mathematical Techniques in Finance' please visit: http://press.princeton.edu/titles/9079.html

Permanent link to this story: https://www.cass.city.ac.uk/news-and-events/news/2011/february/second-edition-of-cass-finance-professors-book-published

Professor Aleš Černý's new book

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