books by Tomas Bjork (continuous princeton arbitrage)

books by Tomas Bjork

books:

Paris-Princeton Lectures on Mathematical Finance 2003 (Lecture Notes in Mathematics)

1 review
Tomasz R. Bielecki, Tomas Björk, ...

Springer, 2004

Suits its purpose
Mathematical finance has come a long way since in the last fifty years, as a perusal of the research literature will readily indicate. Since it is a branch of pure mathematics, its emphasis is on rigor and not practical results, and has to be approached with this in mind. It is doubtful that a mastery of some of the results in mathematical finance will make one a better trader, but they ...

Arbitrage Theory in Continuous Time (Oxford Finance Series)

6 reviews
Tomas Bjork

Oxford University Press, USA, 2004

intuitive introduction to option pricing
I agree with several reviewers above that the book is written in a style very helpful for students to understand the material. It doesn't contain a lot of small details of financial markets like Hull's book, but the approach is very systematic. The derivations of formula for Barrier options is a nice example, Hull only lists a set of formula. The focus is on the theory, not on the practice. ...