Introduction To Quantitative Finance An A Three Principle Approach
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Introduction To Quantitative Finance An A Three Principle Approach
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Author : Christopher Hian-ann Ting
language : en
Publisher: World Scientific Publishing Company
Release Date : 2015-09-16
Introduction To Quantitative Finance An A Three Principle Approach written by Christopher Hian-ann Ting and has been published by World Scientific Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-16 with Business & Economics categories.
This concise textbook provides a unique framework to introduce Quantitative Finance to advanced undergraduate and beginning postgraduate students. Inspired by Newton's three laws of motion, three principles of Quantitative Finance are proposed to help practitioners also to understand the pricing of plain vanilla derivatives and fixed income securities.The book provides a refreshing perspective on Box's thesis that 'all models are wrong, but some are useful.' Being practice- and market-oriented, the author focuses on financial derivatives that matter most to practitioners.The three principles of Quantitative Finance serve as buoys for navigating the treacherous waters of hypotheses, models, and gaps between theory and practice. The author shows that a risk-based parsimonious model for modeling the shape of the yield curve, the arbitrage-free properties of options, the Black-Scholes and binomial pricing models, even the capital asset pricing model and the Modigliani-Miller propositions can be obtained systematically by applying the normative principles of Quantitative Finance.
An Introduction To Quantitative Finance
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Author : Christopher Hian Ann Ting
language : en
Publisher: World Scientific Publishing Company
Release Date : 2015-09-16
An Introduction To Quantitative Finance written by Christopher Hian Ann Ting and has been published by World Scientific Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-16 with Business & Economics categories.
This concise textbook provides a unique framework to introduce Quantitative Finance to advanced undergraduate and beginning postgraduate students. Inspired by Newton's three laws of motion, three principles of Quantitative Finance are proposed to help practitioners also to understand the pricing of plain vanilla derivatives and fixed income securities. The book provides a refreshing perspective on Box's thesis that "all models are wrong, but some are useful." Being practice- and market-oriented, the author focuses on financial derivatives that matter most to practitioners. The three principles of Quantitative Finance serve as buoys for navigating the treacherous waters of hypotheses, models, and gaps between theory and practice. The author shows that a risk-based parsimonious model for modeling the shape of the yield curve, the arbitrage-free properties of options, the Black-Scholes and binomial pricing models, even the capital asset pricing model and the Modigliani-Miller propositions can be obtained systematically by applying the normative principles of Quantitative Finance.
A Benchmark Approach To Quantitative Finance
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Author : Eckhard Platen
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-10-28
A Benchmark Approach To Quantitative Finance written by Eckhard Platen and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-10-28 with Business & Economics categories.
In recent years products based on ?nancial derivatives have become an ind- pensabletoolforriskmanagersandinvestors. Insuranceproductshavebecome part of almost every personal and business portfolio. The management of - tual and pension funds has gained in importance for most individuals. Banks, insurance companies and other corporations are increasingly using ?nancial and insurance instruments for the active management of risk. An increasing range of securities allows risks to be hedged in a way that can be closely t- lored to the speci?c needs of particular investors and companies. The ability to handle e?ciently and exploit successfully the opportunities arising from modern quantitative methods is now a key factor that di?erentiates market participants in both the ?nance and insurance ?elds. For these reasons it is important that ?nancial institutions, insurance companies and corporations develop expertise in the area of quantitative ?nance, where many of the as- ciated quantitative methods and technologies emerge. This book aims to provide an introduction to quantitative ?nance. More precisely, it presents an introduction to the mathematical framework typically usedin?nancialmodeling,derivativepricing,portfolioselectionandriskm- agement. It o?ers a uni?ed approach to risk and performance management by using the benchmark approach, which is di?erent to the prevailing paradigm and will be described in a systematic and rigorous manner. This approach uses the growth optimal portfolio as numeraire and the real world probability measure as pricing measure.
Register Of The University Of California
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Author : University of California (1868-1952)
language : en
Publisher:
Release Date : 1950
Register Of The University Of California written by University of California (1868-1952) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1950 with Universities and colleges categories.
An Introduction To Financial Markets
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Author : Paolo Brandimarte
language : en
Publisher: John Wiley & Sons
Release Date : 2018-02-22
An Introduction To Financial Markets written by Paolo Brandimarte and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-22 with Mathematics categories.
COVERS THE FUNDAMENTAL TOPICS IN MATHEMATICS, STATISTICS, AND FINANCIAL MANAGEMENT THAT ARE REQUIRED FOR A THOROUGH STUDY OF FINANCIAL MARKETS This comprehensive yet accessible book introduces students to financial markets and delves into more advanced material at a steady pace while providing motivating examples, poignant remarks, counterexamples, ideological clashes, and intuitive traps throughout. Tempered by real-life cases and actual market structures, An Introduction to Financial Markets: A Quantitative Approach accentuates theory through quantitative modeling whenever and wherever necessary. It focuses on the lessons learned from timely subject matter such as the impact of the recent subprime mortgage storm, the collapse of LTCM, and the harsh criticism on risk management and innovative finance. The book also provides the necessary foundations in stochastic calculus and optimization, alongside financial modeling concepts that are illustrated with relevant and hands-on examples. An Introduction to Financial Markets: A Quantitative Approach starts with a complete overview of the subject matter. It then moves on to sections covering fixed income assets, equity portfolios, derivatives, and advanced optimization models. This book’s balanced and broad view of the state-of-the-art in financial decision-making helps provide readers with all the background and modeling tools needed to make “honest money” and, in the process, to become a sound professional. Stresses that gut feelings are not always sufficient and that “critical thinking” and real world applications are appropriate when dealing with complex social systems involving multiple players with conflicting incentives Features a related website that contains a solution manual for end-of-chapter problems Written in a modular style for tailored classroom use Bridges a gap for business and engineering students who are familiar with the problems involved, but are less familiar with the methodologies needed to make smart decisions An Introduction to Financial Markets: A Quantitative Approach offers a balance between the need to illustrate mathematics in action and the need to understand the real life context. It is an ideal text for a first course in financial markets or investments for business, economic, statistics, engineering, decision science, and management science students.
Introduction To The Economics And Mathematics Of Financial Markets
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Author : Jaksa Cvitanic
language : en
Publisher: MIT Press
Release Date : 2004-02-27
Introduction To The Economics And Mathematics Of Financial Markets written by Jaksa Cvitanic and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-02-27 with Business & Economics categories.
An innovative textbook for use in advanced undergraduate and graduate courses; accessible to students in financial mathematics, financial engineering and economics. Introduction to the Economics and Mathematics of Financial Markets fills the longstanding need for an accessible yet serious textbook treatment of financial economics. The book provides a rigorous overview of the subject, while its flexible presentation makes it suitable for use with different levels of undergraduate and graduate students. Each chapter presents mathematical models of financial problems at three different degrees of sophistication: single-period, multi-period, and continuous-time. The single-period and multi-period models require only basic calculus and an introductory probability/statistics course, while an advanced undergraduate course in probability is helpful in understanding the continuous-time models. In this way, the material is given complete coverage at different levels; the less advanced student can stop before the more sophisticated mathematics and still be able to grasp the general principles of financial economics. The book is divided into three parts. The first part provides an introduction to basic securities and financial market organization, the concept of interest rates, the main mathematical models, and quantitative ways to measure risks and rewards. The second part treats option pricing and hedging; here and throughout the book, the authors emphasize the Martingale or probabilistic approach. Finally, the third part examines equilibrium models—a subject often neglected by other texts in financial mathematics, but included here because of the qualitative insight it offers into the behavior of market participants and pricing.
Natural Computing In Computational Finance
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Author : Anthony Brabazon
language : en
Publisher: Springer
Release Date : 2010-07-11
Natural Computing In Computational Finance written by Anthony Brabazon and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-07-11 with Computers categories.
The chapters in this book illustrate the application of a range of cutting-edge natural computing and agent-based methodologies in computational finance and economics. The eleven chapters were selected following a rigorous, peer-reviewed, selection process.
Introduction To Finance
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Author : Ronald W. Melicher
language : en
Publisher: John Wiley & Sons
Release Date : 2013-10-28
Introduction To Finance written by Ronald W. Melicher and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-28 with Business & Economics categories.
The fifteenth edition of Introduction to Finance: Markets, Investments, and Financial Management builds upon the successes of its earlier editions while maintaining a fresh and up-to-date coverage of the field of finance. Distinguished authors Ron Melicher and Edgar Norton continue to cover the three major financial areas: institutions and markets, investments, and financial management. Their effective structure equips instructors with maximum flexibility for how the course is taught, and students with an integrated perspective of the different foundations of finance. This survey of the basic knowledge, concepts, and terms of the discipline is appropriate for all students. For those who do not plan to take additional courses in finance, it provides a valuable overview. For those who want to take additional coursework in finance, it provides a solid foundation for their future studies and careers.
Computation And Simulation For Finance
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Author : Cónall Kelly
language : en
Publisher: Springer Nature
Release Date : 2024-07-18
Computation And Simulation For Finance written by Cónall Kelly and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-07-18 with Mathematics categories.
This book offers an up-to-date introductory treatment of computational techniques applied to problems in finance, placing issues such as numerical stability, convergence and error analysis in both deterministic and stochastic settings at its core. The first part provides a welcoming but nonetheless rigorous introduction to the fundamental theory of option pricing, including European, American, and exotic options along with their hedge parameters, and combines a clear treatment of the mathematical framework with practical worked examples in Python. The second part explores the main computational methods for valuing options within the Black-Scholes framework: lattice, Monte Carlo, and finite difference methods. The third and final part covers advanced topics for the simulation of financial processes beyond the standard Black-Scholes setting. Techniques for the analysis and simulation of multidimensional financial data, including copulas, are covered and will be of interest to those studying machine learning for finance. There is also an in-depth treatment of exact and approximate sampling methods for stochastic differential equation models of interest rates and volatilities. Written for advanced undergraduate and masters-level courses, the book assumes some exposure to core mathematical topics such as linear algebra, ordinary differential equations, multivariate calculus, probability, and statistics at an undergraduate level. While familiarity with Python is not required, readers should be comfortable with basic programming constructs such as variables, loops, and conditional statements.
A First Course In Quantitative Finance
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Author : Thomas Mazzoni
language : en
Publisher: Cambridge University Press
Release Date : 2018-03-29
A First Course In Quantitative Finance written by Thomas Mazzoni and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-29 with Business & Economics categories.
Using stereoscopic images and other novel pedagogical features, this book offers a comprehensive introduction to quantitative finance.