Электронная книга: Paul Wilmott «Frequently Asked Questions in Quantitative Finance»

Frequently Asked Questions in Quantitative Finance

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.

Издательство: "John Wiley&Sons Limited (USD)"

ISBN: 9780470682753

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Paul Wilmott

Paul Wilmott is a researcher, consultant and lecturer in quantitative finance. [http://www.financial-gurus.com/gurus/2000/Paul-Wilmott Financial gurus] ] . He is the author of various academic and practitioner texts on risk and derivatives; Wilmott magazine and wilmott.com, a quantitative finance portal.

Wilmott is the Course Director for the "Certificate in Quantitative Finance" at 7city Learning, a London-based company providing training for the financial services industry. [ [http://www.7city.com/cqf Certificate in Quantitative Finance] ] He is a founding partner of Caissa Capital, a volatility arbitrage hedge fund [ [http://www.caissacapitalltd.com/ Caissa Capital Ltd] ] . He is on the editorial board of the academic journal "International Journal of Theoretical and Applied Finance" [ [http://www.journals.wspc.com.sg/ijtaf/mkt/editorial.shtml Journals] ] .

Wilmott founded the "Diploma in Mathematical Finance" at Oxford University; [ [http://www.admin.ox.ac.uk/postgraduate/caz/conted/mfin.shtml Diploma in Mathematical Finance at Oxford University] ] and the journal "Applied Mathematical Finance". [ [http://www.tandf.co.uk/journals/routledge/1350486X.html "Applied Mathematical Finance"] ]

Wilmott’s books are popular for their presentation of "complex subjects in an accessible and often humorous way" [ [http://www.palisade.com/2006Conf/PE/presenters.asp Palisade] ] . He has written research articles on finance and mathematics, and has authored the following textbooks:
*"Paul Wilmott Introduces Quantitative Finance" (Wiley 2007)
*With J.N.Dewynne and S.D.Howison, "Mathematics of Financial Derivatives: a Student Introduction". (Cambridge University Press 1995).


ee also

*Financial Engineering
*Mathematical finance

External links

* [http://www.nytimes.com/2008/09/18/opinion/18wilmott.html?_r=1&th&emc=th&oref=slogin Interview of Paul Wilmott in New York times]
* [http://www.portfolio.com/executives/features/2008/08/13/Paul-Wilmotts-Financial-Magazine Interview with Paul Wilmott in Portfolio Magazine]
* [http://www.wilmottwiki.com/wiki/index.php/Wilmott,_Paul Profile on wilmott.com]
* [http://www.wilmott.com/magazine.cfm Wilmott Magazine]
* [http://www.wilmott.com/ wilmott.com]
* [http://www.7city.com/cqf Certificate in Quantitative Finance]
* [http://www.caissacapitalltd.com/ Caissa Capital]

Источник: Paul Wilmott

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