Journals Higher Education



Published: 24 June 2013

640 Pages

7-1/2 x 9-1/4 inches

ISBN: 9780199740086

Also Available As:


Bookseller Code (04)

Investment Science

Second Edition

David G. Luenberger

Investment Science, Second Edition, provides thorough and highly accessible mathematical coverage of the fundamental topics of intermediate investments, including fixed-income securities, capital asset pricing theory, derivatives, 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:

  • Three new chapters: Risk Management, Credit Risk, and Data and Statistics
  • Updated content and expanded coverage of many topics, including the capital asset pricing model, projection pricing, the Black-Scholes equation, computational methods, real options, the characterization of volatility, parameter estimation, and portfolio design
  • New exercises reflecting advances in theory and practice provide opportunities to explore a wide range of concepts

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