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Overview
The most authoritative text in the field, Investment Science, Second Edition, provides thorough yet highly accessible mathematical coverage of the fundamental topics of intermediate investments, including fixed-income securities; capital asset pricing theory; derivatives (futures, options, and swaps); and innovations in optimal portfolio growth and valuation of multi-period risky investments.
Eminent scholar and teacher David G. Luenberger, known for his ability to make complex ideas simple, presents essential ideas of investments and their applications, offering students the most comprehensive treatment of the subject available.
NEW TO THIS EDITION
Two brand-new chapters: Risk Management (Ch. 10) and Credit Risk (Ch. 17)
Expanded coverage of many topics including projection pricing, the Capital Asset Pricing Model, the Black-Scholes equation, real options, the characterization of volatility, and methods for pricing and portfolio design
Updated content and new exercises that reflect advances in theory and practice and provide opportunities for exploration of a wide range of concepts