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Michael Steele teaches at the Wharton School of the University of Pennsylvania. His interests include probability theory, mathematical finance, financial time a book that is a marvelous first step for the person wanting a rigorous development of stochastic calculus, as well as its application to derivative pricing Stochastic processes of importance in finance and economics are developed in concert with the tools of stochastic calculus that are needed to solve problems of Aims of the Course The course will provide an introduction to probability and stochastic calculus, and their applications in finance.
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