Financial Derivatives: Pricing, Applications, and Mathematics
| Author | : | |
| Rating | : | 4.81 (724 Votes) |
| Asin | : | 052181510X |
| Format Type | : | paperback |
| Number of Pages | : | 350 Pages |
| Publish Date | : | 2013-05-26 |
| Language | : | English |
DESCRIPTION:
Palle E T Jorgensen said Financial Derivatives.. Financial derivatives are the products traded by the financial industry, banks and trading companies; a contract whose payoff depends on the behavior of a benchmark; financial instruments whose value is derived from a number of underlying variables. Examples: futures, options, and swaps ; or other tradable assets, e.g., stocks or commodities; or such non-tradable items such as the temperature (weather deriv. N N Taleb said Glad I found it. One of the author, Baz, gave me a copy of this book when it came out and it went to sleep in my library as I was not in a finance mood. I forgot about it until this week as I was stuck on a problem related to risk-neutral pricing and the Girsanov theorem concerning changes in probability measure. I looked at every passage on the the subject until I hit on it. Then I realized that I should have read it befor. "A complete package for practice and theory" according to A Customer. This book draws on the PhD course that Prof. Chacko teaches at Harvard Business School and the substantial real-world experience with derivatives of both authors to offer a solid package that is useful for both theory and practice. There are other books with clear and rigorous mathematics (e.g. Wilmott), variety of methodologies for pricing (e.g. Neftci) and guides to practical hedging (e.g. Taleb), but thi
Most recently, he was a managing director heading fixed income sales and trading at State Street Bank, a managing director in pension asset management at IFL, and the chief investment officer of Auda Alternative Investments. He is currently a professor in the finance department at Santa Clara University. Dr Baz teaches financial economics at
"excellent for industry people and for the new masters programs in quantitative financial modeling and mathematical financeExcellent, too, is the exposition and the writing style." Darrell Duffie, Stanford Business School"excellentit contains the most important ingredients for a successful textbook, viz, clarity and accessibilityit will also be useful to practitioners who need to brush up on underlying concepts." Dr. Sadek Wahba, Morgan Stanley Payne Webber"The book is fundamentally strong because it is both well-informed technically and also focused on the actual matters that matter in the markets." Martin Baxter, Nomura International, London
from MIT in electrical engineering and a Ph.D. He is a Managing Director at Deutsche Bank in London. Combining their corporate and academic experiences, Jamil Baz and George Chacko offer financial analysts a complete, succinct account of the principles of financial derivatives pricing. George Chacko has a B.S. He is an Associate Professor of Business Administration at Harvard Business School. in Business Economics from Harvard University. Readers with a basic knowledge of finance, calculus, probability and statistics will learn about the most powerful tools in applied finance: equity derivatives, interest rate markets, and the mathematics of pricing. Baz and Chacko simplify the mathematical presentation, and balance theory and real analysis, making it a more accessible and practical manual. in Business Economics from Harvard University. in Management from MIT and a Ph.D. Jamil Baz holds an M.S. They have published in leading academic journals including the Review of Financial Studies and the Journal of Financial Economics as well as practitioner journals such as the Journal of Fixed Income and the Jour