Friday, 1 May 2009

Frequently Asked Questions in Quantitative Finance

Frequently Asked Questions in Quantitative Finance



Author: Paul Wilmott
Edition: 2
Publisher: Wiley
Binding: Paperback
ISBN: 0470748753
Price:
You Save: 47%




Frequently Asked Questions in Quantitative Finance



Getting agreement between finance theory and finance practice is important like never before.Frequently Asked Questions in Quantitative Finance review. In the last decade the derivatives business has grown to a staggering size, such that the outstanding notional of all contracts is now many multiples of the underlying world economy. No longer are derivatives for helping people control and manage their financial risks from other business and industries, no, it seems that the people are toiling away in the fields to keep the derivatives market afloat! (Apologies for the mixed metaphor!) If you work in derivatives, risk, development, trading, etc. you'd better know what you are doing, there's now a big responsibility on your shoulders.

In this second edition of Frequently Asked Questions in Quantitative Finance I continue in my mission to pull quant finance up from the dumbed-down depths, and to drag it back down to earth from the super-sophisticated stratosphereRead full reviews of Frequently Asked Questions in Quantitative Finance.

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Frequently Asked Questions in Quantitative Finance
Frequently Asked Questions in Quantitative Finance: Paul Wilmott

Frequently Asked Questions in Quantitative Finance
Paul Wilmott writes, "Quantitative finance is the most fascinating and rewarding real-world application of mathematics. It is fascinating because of the speed at which the subject develops, the new products and the new models which we have to understand. And it is rewarding because anyone can make a fundamental breakthrough. "Having worked in this field for many years, I have come to appreciate the importance of getting the right balance between mathematics and intuition. Too little maths and yo

Frequently Asked Questions In Quantitative Finance Ebook
Buy Frequently Asked Questions in Quantitative Finance by Paul Wilmott and Read this Book on Kobo's Free Apps. Discover Kobo's Vast Collection of Ebooks Today - Over 3 Million Titles, Including 2 Million Free Ones!

Frequently Asked Questions In Quantitative Finance By Paul P. Wilmott
Frequently Asked Questions in Quantitative Finance Paul Wilmott Product code : 9780470748756 Format :Paperback 624 pages Category :Business/Finance/Law Published :01 November 2009 Condition :Brand new, unused SYNOPSIS Paul Wilmott , London UK is a researcher, consultant and lecturer in quantitative finance. He is founder of Wilmott Associates, a financial consultancy and training firm, from which he publishes Wilmott magazine. He is one of the world's leading experts on quantitative finance and

Frequently Asked Questions in Quantitative Finance , 9780470058268
Frequently Asked Questions in Quantitative Finance , ISBN-13: 9780470058268, ISBN-10: 0470058269



Frequently Asked Questions in Quantitative Finance Reviews


In the last decade the derivatives business has grown to a staggering size, such that the outstanding notional of all contracts is now many multiples of the underlying world economy. No longer are derivatives for helping people control and manage their financial risks from other business and industries, no, it seems that the people are toiling away in the fields to keep the derivatives market afloat! (Apologies for the mixed metaphor!) If you work in derivatives, risk, development, trading, etc. you'd better know what you are doing, there's now a big responsibility on your shoulders.

In this second edition of Frequently Asked Questions in Quantitative Finance I continue in my mission to pull quant finance up from the dumbed-down depths, and to drag it back down to earth from the super-sophisticated stratosphere. Readers of my work and blogs will know that I think both extremes are dangerous. Quant finance should inhabit the middle ground, the mathematics sweet spot, where the models are robust and understandable, and easy to mend.

…And that's what this book is about.

This book contains important FAQs and answers that cover both theory and practice. There are sections on how to derive Black-Scholes (a dozen different ways!), the popular models, equations, formulae and probability distributions, critical essays, brainteasers, and the commonest quant mistakes. The quant mistakes section alone is worth trillions of dollars!

I hope you enjoy this book, and that it shows you how interesting this important subject can be. And I hope you'll join me and others in this industry on the discussion forum on wilmott.com. See you there!”

FAQQF2...including key models, important formulae, popular contracts, essays and opinions, a history of quantitative finance, sundry lists, the commonest mistakes in quant finance, brainteasers, plenty of straight-talking, the Modellers' Manifesto and lots more.

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