This open access textbook is the first to provide Business and Economics Ph.D. students with a precise and intuitive introduction to the formal backgrounds of modern financial theory. It explains Brownian motion, random processes, measures, and Lebesgue integrals intuitively, but without sacrificing the necessary mathematical formalism, making them accessible for readers with little or no previous knowledge of the field. It also includes mathematical definitions and the hidden stories behind the terms discussing why the theories are presented in specific ways.
| ISBN: | 9783030201050 |
| Publication date: | 14th August 2020 |
| Author: | Andreas Löffler, Lutz Kruschwitz |
| Publisher: | Springer Nature Switzerland AG |
| Format: | Paperback |
| Pagination: | 125 pages |
| Series: | Springer Texts in Business and Economics |
| Genres: |
Finance and the finance industry Economic theory and philosophy Probability and statistics |