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Field name	Details
Dewey Class	519
Title	Financial Markets and Martingales ([EBook] :) : Observations on Science and Speculation / / by Nicolas Bouleau.
Author	Bouleau, Nicolas
Other name(s)	SpringerLink (Online service)
Publication	London : : Springer London : : Imprint: Springer, , 1998.
Physical Details	XV, 151 p. 1 illus. : online resource.
ISBN	9780857293824
Summary Note	Is it really possible to make money on the financial markets? This is just one of the questions posed in this practical and thought-provoking book, winner in the original french version, of the "Best financial economics book” prize 1999 from the Institute de Haute Finance, and the "Prix FNAC-Arthur Anderson du meilleur livre d’entreprise 2000”. Starting with games of chance, from which probability theory was born, Nicolas Bouleau explains how the financial markets operate, and demonstrates how the application of mathematics has turned finance into a high-tech business, as well as a formidable and efficient tool. The human side of finance is also considered, with a look at the influence of the trader and the working relationships that are woven into the market rooms. Concise and accessible, with no previous knowledge of finance or mathematics required, the aim of this book is simply to articulate the main ideas and put them into perspective, leading readers to a fresh understanding of this complex area.:
Contents note	I. Martingales -- 1. Luck in the Casino -- 2. The Stock Market and Probability -- 3. Mathematical Development outside the Finance Sector -- II. Option Hedging: an Epistemological Rupture -- 4. The Unexpected Connection -- 5. A Different Approach -- 6. Hedging Risks Thanks to the Market -- III. Science and Speculation -- 7. A Complex Dynamic -- 8. Illusions of Chance -- 9. Three Types of Speculation -- 10. Practical and Moral Values -- IV. The Stakes and the Payoffs -- 11. Markets and Economy -- 12. The Special Role of Finance in the Production of Knowledge -- 13. Power and Innocence in Finance -- 14. Long Term Risks -- Conclusion.
System details note	Online access to this digital book is restricted to subscription institutions through IP address (only for SISSA internal users)
Internet Site	http://dx.doi.org/10.1007/978-0-85729-382-4
Links to Related Works	Subject References: Economic theory . Economic Theory/Quantitative Economics/Mathematical Methods . Economics, Mathematical . Finance . Finance, general . Mathematics . Popular Science, general . Popular works . Quantitative Finance . Authors: Bouleau, Nicolas . Corporate Authors: SpringerLink (Online service) . Classification: 519 .

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Financial Markets and Martingales: Observations on Science and Speculation /

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