From the reviews:
„The book is written by a specialist in mathematics of financial markets who intentionally avoided technical details and made it accessible and interesting to general publics. It won the prize of the ‘Best financial economics book’ in 1999 and the ‘Prix FNAC-Arthur Anderson du meilleur livre d’enterpise 2000’. Concise and accessible … the aim of this book is simply to articulate the main ideas and put them into the perspective.“ (Serguei V. Solovev`ev, Zentralblatt MATH, Vol. 1049, 2004)
Financial Markets and Martingales
Observations on Science and Speculation
von Nicolas Bouleau, übersetzt von A. ThomasFinancial markets, ruling both industrial and commercial development, dominate today’s economies. The mathematics that supports the financial markets is what the economy depends on as a whole; mathematical formulae underlay the functions of major banks. This translation of the prize-winning French original shows how the application of mathematics to finance has turned the latter into an exact science as well as formidable and efficient tool. The author, Nicolas Bouleau, is a professor at l’Ecole des Ponts-et-Chaussées and a director of one of the first French research groups to work with banks and financial derivatives.
