Probability for Finance
This book is a technical support for students in finance. It reviews the main probabilistic tools used in financial models in a pedagogical way, starting from simplke concepts like random variables and tribes and going to more sophiticated ones like conditional expectations and limit theorems. Many illustrations are given, taken from the financial literature. The book is also a prerequisite for “Stochastic Processes for Finance” published in the same collection.
This book is a technical support for students in finance. It reviews the main probabilistic tools used in financial models in a pedagogical way, starting from simplke concepts like random variables and tribes and going to more sophiticated ones like conditional expectations and limit theorems. Many illustrations are given, taken from the financial literature. The book is also a prerequisite for “Stochastic Processes for Finance” published in the same collection.

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Comments for "Probability for Finance"
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The content of this book has become ever more relevant after the recent 2007-2009 and 2011 financial crises, one consequence of which was greatly increased scepticism among investment professionals about the received wisdom drawn from standard finance, modern portfolio theory and its later developments. Modern portfolio theory suddenly appeared terribly old-fashioned and out of date for a very sim...
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