Description
Book Synopsis: Getting agreement between finance theory and finance practice is important like never before. 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.
Details
Are you ready to take your finance expertise to the next level? Look no further than the "Frequently Asked Questions in Quantitative Finance" book. With the derivatives business booming and becoming increasingly complex, it's crucial for professionals like you to stay ahead of the game. This second edition tackles the daunting task of bridging the gap between theory and practice, ensuring that you possess the knowledge and skills necessary to navigate the ever-changing finance landscape.
In this comprehensive guide, you'll find answers to pressing questions, covering everything from deriving Black-Scholes in multiple ways to common quant mistakes that can cost millions. With sections dedicated to key models, important formulas, popular contracts, essays, opinions, and even brain teasers, this book is an invaluable resource.
But it doesn't stop there. "Frequently Asked Questions in Quantitative Finance" goes beyond the technical aspects and delves into the history of quantitative finance itself. The Modellers' Manifesto within its pages will challenge conventional thinking and inspire you to push the boundaries of your expertise. This isn't just a dry textbook; it's a thought-provoking journey through the fascinating world of quant finance.
So, why settle for mediocre when you can become an exceptional finance professional? Take the plunge and join the discussion on wilmott.com, where industry experts come together to share insights and stay on the cutting edge of quantitative finance. Don't miss out on this opportunity to expand your knowledge and make valuable connections. Purchase your copy of "Frequently Asked Questions in Quantitative Finance" today!
Click here to take your finance expertise to new heights!
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