Investment Science Author:David G. Luenberger The most authoritative text in the field, Investment Science, Second Edition, provides thorough yet highly accessible mathematical coverage of the fundamental topics of introductory investments, including fixed-income securities; modern portfolio theory and capital asset pricing theory; derivatives (futures, options, and swaps); and innovations ... more »in optimal portfolio growth and valuation of multi-period risky investments.
Eminent scholar and teacher David G. Luenberger uses mathematics to present essential ideas of investments and their applications in business practice, offering students the most comprehensive treatment of the subject available.
NEW TO THIS EDITION
Two brand-new chapters: Risk Management (Ch. 10) and Credit Risk (Ch. 17)
Expanded coverage of many topics including projection pricing, the Capital Asset Pricing Model, the Black-Scholes equation, so-called real options, the characterization of volatility changes, and methods for incorporating such behavior in valuation
Updated content and new exercises reflecting advances in theory and practice and changes resulting from the recent financial crisis« less