Neuware - Paul Wilmott , London UK is a researcher, consultant andlecturer in quantitative finance.He is founder of Wilmott Associates, a financial consultancy andtraining firm, fromwhich he publishes Wilmott magazine. He is one of the world'sleading experts on quantitative finance and derivatives and isrenowned for his criticism of popular models and concepts and forhis unique, informal writing style.In this second edition of Frequently Asked Questions inQuantitative Finance I continue in my mission to pull quantfinance up from the dumbed-down depths, and to drag it back down toearth from the super-sophisticated stratosphere. Readers of my workand blogs will know that I think both extremes are dangerous. Quantfinance should inhabit the middle ground, the mathematics sweetspot, where the models are robust and understandable, and easy tomend.This book contains important FAQs and answers that cover boththeory and practice. There are sections on how to deriveBlack-Scholes (a dozen different ways!), the popular models,equations, formulas and probability distributions, critical essays,brainteasers, and the commonest quant mistakes. The quant mistakessection alone is worth trillions of dollars!Paul Wilmott has been called 'the smartest of the quants,he may be the only smart quant' - Portfolio magazine/Nassim Nicholas Taleb 'cult derivatives lecturer' - FinancialTimes 'the finance industry s Mozart' - Sunday.

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Bibliographic Details

Title: Frequently Asked Questions in Quantitative Finance
Publisher: John Wiley & Sons Inc Sep 2009
Publication Date: 2009
Language: English
ISBN 10: 0470748753
ISBN 13: 9780470748756
Binding: Taschenbuch
Edition: 2nd Edition
Condition: Neu
Dimensions: 174 millimeters width by 126 millimeters height by 42 millimeters depth
Weight: 786 grams

About this title

Synopsis

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.

About the Author

Paul Wilmott has been called "the smartest of the quants, he may be the only smart quant" (Portfolio magazine/Nassim Nicholas Taleb), "cult derivatives lecturer" (Financial Times), "the finance industry's Mozart" (Sunday Business), and "financial mathematics guru" (BBC).

"About this title" may belong to another edition of this title.

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