Options, Futures, and Other Derivatives (4th Edition)
| Author | : | |
| Rating | : | 4.54 (532 Votes) |
| Asin | : | 0130224448 |
| Format Type | : | paperback |
| Number of Pages | : | 720 Pages |
| Publish Date | : | 2016-04-09 |
| Language | : | English |
DESCRIPTION:
"A Must Have for any Risk Manager's Library" according to Dr. S. P. GREINER. One cannot fully understand the quantitative aspects of risk management without having this book in your reference library. It's thorough, easy to read and has all the necessary mathematics for reproduce the risk measures, pricing and valuation for most exchange traded securities out there. I fails only in the introduction to cover the requisite history of risk management but that's not so important for the work. I particuarly like the Merton model descriptions for. abhi said Not a easy read if you do not know about options. Very well written. Not a easy read if you do not know about options. But covers the concepts very well , and not just on surface,. The end of the chapters problems are pretty helpful too.. classical book I was planning to buy this book for a few years.This is a classical book on Derivatives. A must have for anyone that is interested in learning how derivatives work and how to price them.It provides good reasoning and intuitive ideas on risk-neutral pricing. I tried learning that from other books before but the main ideas are so well explained here that now I can understand what those other books say (concepts like market price of risk and the equivalent martingale
9. The book assumes that the reader has taken an introductory course in finance and an introductory course in probability and statistics. Over the years many people have asked me to make the solutions more generally available. Chapter 22 covers two-factor models of the short rate, the HIM model, and the LIBOR market (BGM) model. If the level of mathematical sophistication is too high, the material is likely to be inaccessible to many students and practitioners. 12. Nonessential mathematical material has been either eliminated or included in end-of-chapter appendices. The slides now use only standard fonts. Concepts that are likely to be new to many readers have been explained carefully, and many nu
Also suitable for practitioners who want to acquire a working knowledge of how derivatives can be analyzed.This best seller represents how academia and real-world practice have come together with a common respect and focus of theory and practice. It provides a unifying approach to the valuation of all derivatives--not just futures and options. It assumes that the reader has taken an introductory course in finance and an introductory course in probability and statistics. No prior knowledge of options, futures contracts, swaps, and so on is assumed.. For undergraduate and graduate courses in Options and Futures, Financial Engineering and Risk Management, typically found in business, finance, economics and mathematics departments