Partial differential equations in economics and finance.9781600217067
Partial differential equations partial differential equation
In mathematics, an equation that contains partial derivatives, expressing a process of change that depends on more than one independent variable. in economics and finance.
Ed. by Suran Basov Ba·sov , Nikolai Gennadievich 1922-2001.
Russian physicist. He shared a 1964 Nobel Prize for developing the maser and laser principle of producing high-intensity radiation. .
Nova Science Publishers
The first part of the book reviews math concepts used later in the book (with proofs omitted; the author refers interested readers to several books on the subject). The second section, on economic applications, addresses consumer theory, producer theory, pricing of the financial derivatives derivatives
In finance, contracts whose value is derived from another asset, which can include stocks, bonds, currencies, interest rates, commodities, and related indexes. Purchasers of derivatives are essentially wagering on the future performance of that asset. , a theory of boundedly rational behavior, game theory, and the multidimensional mul·ti·di·men·sion·al
Of, relating to, or having several dimensions.
multi·di·men screening model. Each section concludes with exercises. The author's affiliation is not stated.
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