Illustrates how R may be used successfully to solve problems in quantitative finance Applied Probabilistic Calculus for Financial Engineering: An Introduction U

From the reviews: "Paul Glasserman has written an astonishingly good book that bridges financial engineering and the Monte Carlo method. The book will appeal to

A rigorous, unfussy introduction to modern probability theory that focuses squarely on applications in finance.

Readership: Undergraduates and researchers in probability and statistics; applied, pure and financial mathematics; economics; chaos.

Modelling with the Ito integral or stochastic differential equations has become increasingly important in various applied fields, including physics, biology, ch