The reader is introduced to the fundamental mathematical tools and financial concepts needed to Paul Wilmott on Quantitative Finance, Second Edition provides a thoroughly updated look at derivatives and financial engineering, published in three volumes with additional CD-ROM. The reader is introduced to the fundamental mathematical tools and financial concepts needed to understand quantitative finance, portfolio management and derivatives. Parallels are drawn between the respectable world of investing and the not-so-respectable world of gambling. Volume 2: Exotic Contracts and Path Dependency; Fixed Income Modeling and Derivatives; Credit Risk In this volume the reader sees further applications of stochastic mathematics to new financial problems and different markets. In this volume the reader enters territory rarely seen in textbooks, the cutting-edge research.
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In this volume the reader is introduced to the fundamental mathematical tools and financial concepts needed to understand quantitative finance, portfolio management and derivatives. Parallels are drawn between the respectable world of investing and the not—so—respectable world of gambling. I n this volume the reader sees further applications of stochastic mathematics to new financial problems and different markets.
In this volume the reader enters territory rarely seen in textbooks, the cutting—edge research. Numerical methods are also introduced so that the models can now all be accurately and quickly solved. Contents: 1. Products and Markets. The Random Behavior of Assets. Elementary Stochastic Calculus. The Black—Scholes Model. Partial Differential Equations. The Black—Scholes Formulae and the Greeks. Simple Generalizations of the Black—Scholes World.
Early Exercise and American Options. Multi—asset Options. How to Delta Hedge. The Binomial Model. How Accurate is the Normal Approximation? Investment Lessons from Blackjack and Gambling. Portfolio Management. Value at Risk. Forecasting the Markets? A Trading Game. An Introduction to Exotic and Path—dependent Options.
Barrier Options. Strongly Path—dependent Options. Asian Options. Lookback Options. Derivatives and Stochastic Control. Miscellaneous Exotics. Equity and FX Term Sheets. One—factor Interest Rate Modeling. Yield Curve Fitting. Interest Rate Derivatives. Convertible Bonds. Mortgage—backed Securities. Multi—factor Interest Rate Modeling. Empirical Behavior of the Spot Interest Rate.
Fixed Income Term Sheets. Value of the Firm and the Risk of Default. Credit Risk. Credit Derivatives. RiskMetrics and CreditMetrics. Financial Modeling. Defects in the Black—Scholes Model. Discrete Hedging. Transaction Costs. Overview of Volatility Modeling. Volatility Smiles and Surfaces. Stochastic Volatility. Uncertain Parameters. Empirical Analysis of Volatility. Stochastic Volatility and Mean—variance Analysis.
Asymptotic Analysis of Volatility. Jump Diffusion. Crash Modeling. Speculating with Options. Static Hedging. Utility Theory. Advanced Dividend Modeling. Serial Autocorrelation in Returns. Asset Allocation in Continuous Time. Interest—rate Modeling Without Probabilities. Extensions to the Non—probabilistic Interest—rate Model.
Modeling Inflation. Energy Derivatives. Real Options. Life Settlements and Viaticals. Bonus Time. Overview of Numerical Methods.
Finite—difference Methods for One—factor Models. Further Finite—difference Methods for One—factor Models. Finite—difference Methods for Two—factor Models. Monte Carlo Simulation and Related Methods. Numerical Integration and Simulation Methods. Finite—difference Programs. Monte Carlo Programs. You will receive an email with a link to a secure webpage to enter your Pay by credit card: credit card details. Dublin, Ireland.
Paul Wilmott on Quantitative Finance, 3 Volume Set, 2nd Edition
Paul Wilmott on Quantitative Finance 3 Volume Set (2nd Edition)