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The Mathematics of Arbitrage by Walter Schachermayer, Freddy Delbaen (Paperback, 2010)

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ISBN-13: 9783642060304, 978-3642060304. The Mathematics of Arbitrage. Puts into book format a series of major results due mostly to the authors of this book. Awaited in the quantitative finance community.

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Proof of the Fundamental Theorem of Asset Pricing in its general form by Delbaen and Schachermayer was a milestone in the history of modern mathematical finance and now forms the cornerstone of this book. Puts into book format a series of major results due mostly to the authors of this book. Embeds highest-level research results into a treatment amenable to graduate students, with introductory, explanatory background. Awaited in the quantitative finance community.