Claim Now An Introduction To The Mathematics Of Financial Derivatives Assembled By Salih N. Neftci In Document

nice book A classic in its field, this is aimed at those who are already familiar with mathematics.
It's hard to think of a worse introduction to stochastic calculus than this, The exposition is illogical, disorganized and thoroughly unclear, The equations are full of errors the available errata for the book runs to many pages and the author uses symbols and formulas inconsistently, even within the same proof.
The exercises seem to have been designed separately from the chapters and are of little value, I guess this is supposed to be a slow and gentle introduction but it just ends up a confusing, repetitive mess.




Understandable textbook for stochastic calculus treatment in finance, An Introduction to the Mathematics of Financial Derivatives, Second Edition, introduces the mathematics underlying the pricing of derivatives.


The increased interest in dynamic pricing models stems from their applicability to practical situations: with the freeing of exchange, interest rates, and capital controls, the market for derivative products has matured and pricing models have become more accurate.
This updated edition has six new chapters and chapterconcluding exercises, plus one thoroughly expanded chapter, The text answers the need for a resource targeting professionals, Ph, D. students, and advanced MBA students who are specifically interested in financial derivatives,

This edition is also designed to become the main text in first year masters and Ph.
D. programs for certain courses, and will continue to be an important manual for market professionals and professionals with mathematical, technical, or physics backgrounds.
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