INTRODUCTION TO QUANTITATIVE FINANCE, AN:A THREE-PRINCIPLE APPROACH

定量金融导论:三原则法

政治经济学

原   价:
499.00
售   价:
374.00
发货周期:预计3-5周发货
作      者
出  版 社
出版时间
2015年09月18日
装      帧
精装
ISBN
9789814704304
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页      码
272
语      种
英文
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库存 30 本
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图书简介
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. Key Features: ○ Physics-inspired three-principle approach to "unify" many important and useful models of Finance and Quantitative Finance ○ Bridge over the gap between theory and practice ○ Interesting quotes and real-life stories to keep the readers enthralled
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Harvard Library
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