In this Element the authors review the technique of the change of numeraire in the martingale approach to option pricing. Their intention is to present a reader friendly explanation of the technique itself, and illustrate how it is applied in various fields of quantitative finance as the basis for building option valuation models. They start with an informal review of Girsanov's theorem, followed by a brief summary of the basic concepts of the arbitrage free pricing, and the technique of c...

While investigating an oil tanker collision in San Francisco Bay, Ronan O’Neill, a decorated Coast Guard officer, sees Coast Guard lawyer-investigators stymied by high priced civilian attorneys. With that motivation, after leaving the service he moves to San Francisco to go to law school. Ronan must navigate his way to become a full-fledged lawyer as two women vie for his attention, all complicated by a series of life-altering cataclysmic decisions. Sausalito, by attorney-author Patrick Ha...

These ten treasured stories from the most influential authors of the nineteenth and early twentieth centuries are selected for their literary importance as well as their dramatic, oral qualities. The following stories are included in this collection:“The One-Million-Pound Bank Note” by Mark Twain“The Celebrated Jumping Frog of Calaveras County” by Mark Twain“A Visit to Niagara” by Mark Twain“Mysterious Visit” by Mark Twain“The Blue Hotel” by Stephen ...

This " unnerving exposé" of a lost American nuclear bomb "is a valuable contribution to the history of the navy, the cold war, and nuclear weapons" ( Booklist ).On December 5th, 1965, the USS Ticonderoga was on its way from Vietnam to Japan, practicing nuclear combat procedures along the way. A young pilot from Ohio strapped into an A-4 Skyhawk bomber for a routine simulated mission. But after mishandling ...

How do you get people to take initiative? In this brief eBook, New York Times and Wall Street Journal bestselling author Captain D. Michael Abrashoff says the answer is: One, build their confidence by giving them an unexpected opportunity to shine. Two, encourage challenges to established wisdom and authority. Three, keep increasing expectations.

He was the first astronaut to orbit the Earth. Nearly four decades later, as the world's oldest astronaut, his courage reveted a nation. But these two historical events only bracketed a life that covers the sweep of an extraordinary century.John Glenn's autobiography spans the seminal events of the twentieth century. It is a story that begins with his childhood in Ohio where he learned the importance of family, community, and patriotism. He took these values with him as a marine fi...

Companies and the navy have this in common: Success depends heavily on crew morale, the eagerness born of spirit, zeal, and zest. You cant buy morale, much less bribe or bully it into existence. But you can sharply boost it -- at little or no cost -- by spicing serious workdays with unserious good times, says New York Times and Wall Street Journal bestselling author Captain D. Michael Abrashoff in this brief eBook.

The former enlisted Marines whose stories you will read in this book have a common thread.The common thread is that they became one of the few, the proud, the Marines. They joined and entered the Vietnam war when their country called. They fought and returned home to adjust to normal lives by themselves. These are the life stories, told in their own words, of how Marine Corps vets came home, built families, businesses and are living the American dream today. Many still live their l...

The worlds of Wall Street and The City have always held a certain allure, but in recent years have left an indelible mark on the wider public consciousness and there has been a need to become more financially literate. The quantitative nature of complex financial transactions makes them a fascinating subject area for mathematicians of all types, whether for general interest or because of the enormous monetary rewards on offer. An Introduction to Quantitative Finance concerns financial deri...

A landmark book on quantitative methods in financial markets for graduate students and finance professionalsRecent decades have seen an extraordinary growth in the use of quantitative methods in financial markets. Finance professionals routinely use sophisticated statistical techniques in portfolio management, proprietary trading, risk management, financial consulting, and securities regulation. This graduate-level textbook is designed for PhD students, advanced MB...

In this engaging memoir, retired Pittsburgh public servant C.A. (Chuck) Peters tells the captivating story of his ardent, lifelong love of and "undistinguished" service in the United States Marine Corps. His affair started when he was a "Junior Marine" during World War Two in a little Ohio River town, continued through his commissioning as a second lieutenant in March of 1956 and discharge as a reserve captain in 1969. While attending Thiel College in Greenville, Pennsylvania, Peters endea...

Originally published in 2003, Mathematical Techniques in Finance has become a standard textbook for master's-level finance courses containing a significant quantitative element while also being suitable for finance PhD students. This fully revised second edition continues to offer a carefully crafted blend of numerical applications and theoretical grounding in economics, finance, and mathematics, and provides plenty of opportunities for students to practice applied mathematics and...