Title: Outdated and Unclear
Review: This book is possibly the worst textbook I have ever read. The notation is unwieldy, the explanations are unclear and there is very little to help your intuition. This, by the way, is not because of the mathematical or technical content which goes no deeper than introductory stochastic calculus and control. Even if it were a good text, however, it would urgently need revising. The material is rooted firmly in the 70's and 80's with almost no emphasis whatsover on the martinagle represntation of asset prices.
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