Author: Karel in 't Hout Full Title: Numerical Partial Differential Equations In Finance Explained: An Introduction To Computational Finance Publisher: Palgrave Macmillan; 1st ed. 2017 edition (October 3, 2017) Year: 2017 ISBN-13: 9781137435699 (978-1-137-43569-9), 9781137435682 (978-1-137-43568-2) ISBN-10: 1137435690, 1137435682 Pages: 128 Language: English Genre: Financial Engineering File type: PDF (True, but nonnative Cover) Quality: 9/10 Price: 34.23 € This book provides a first, basic introduction into the valuation of financial options via the numerical solution of partial differential equations (PDEs). It provides readers with an easily accessible text explaining main concepts, models, methods and results that arise in this approach. In keeping with the series style, emphasis is placed on intuition as opposed to full rigor, and a relatively basic understanding of mathematics is sufficient. The book provides a wealth of examples, and ample numerical experiments are givento illustrate the theory. The main focus is on one-dimensional financial PDEs, notably the Black-Scholes equation. The book concludes with a detailed discussion of the important step towards two-dimensional PDEs in finance. ------------- Damnant quod non intellegunt!