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Advice for a stochastic calculus book!!

Lorenz

Lorenz

Joined
7/23/14
Messages
5
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Hi! can someone suggest me a good book for studying stochastic calculus? Searching on the web I found two books that seem good: "Elementary Stochastic Calculus With A Finance In View" written by Thomas Mikosch and "An Introduction To The Mathematics Of Financial Derivatives" written by Salih N. Neftci... Are them good? I would like a book with not much mathematical notation! I'm studying Hull's "Option, Futures And Other Derivatives" and it's good for me! I understood well the chapter about Wiener processes and the chapter about Black Scholes Merton model! So I would an advice! Thank you for the answers!
 
Yes! That book was my first choice but I read on the web that is too difficult for self studying!!
 
McDonald. Derivatives Markets... But is as basic as Hull's.

The Study Guides of the SOA's "Models in Financial Economics" certification have a section of S.Calculus with a bunch of excercises (practical S.Calculus and in derivatives pricing), but if you really want to understand the theory, you will have to read books like the Shreve's eventually.
 
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