Physics of Finance : Gauge Modelling in Non-Equilibrium Pricing

Kirill Ilinski

ISBN 10: 0471877387 / ISBN 13: 9780471877387

Published by Wiley Feb 2001, 2001

About this Item

Neuware - Viele Methoden und Techniken, die in der internationalen Finanzwirtschaft eingesetzt werden, haben sich fest etabliert, aber keine ist perfekt. 'Physics of Finance' bietet erstmals einen Einblick in eine vielversprechende und gänzlich neue Methode zur Preisbildung bei Kapitalanlagen: Die Anwendung aktueller physikalischer Techniken in der Finanzwelt. Illinski erhebt keinen Anspruch, auf alle Fragen eine Antwort zu haben, doch sicher wird sein Buch neue Anstöße geben. Eine interessante und inspirierende Lektüre für Finanzprofis.

Seller Inventory # 9780471877387

Bibliographic Details

• Title: Physics of Finance : Gauge Modelling in Non-Equilibrium Pricing
• Publisher: Wiley Feb 2001
• Publication Date: 2001
• Language: English
• ISBN 10: 0471877387
• ISBN 13: 9780471877387
• Binding: Buch
• Condition: Neu

About this title

Synopsis

One of the newest and most controversial approaches to financial pricing. In Physics of Finance the author applies the methods of theoretical physics to financial economics to develop an altogether original method for pricing financial assets that steps outside the equilibrium paradigm in finance.
In Physics of Finance, basic assumptions underlying equilibrium pricing are re-examined, the risk factors hidden in the implications of equilibrium theory and the potential profit in unstable markets are discussed and gauge modelling is introduced.

About the Author

Kirill Ilinski graduated from the Physics Department of Leningrad State University. He received his PhD in mathematical physics from the Leningrad Branch of the Steklov Mathematical Institute of the Russian Academy of Sciences. He spent five years as a Research Fellow in the School of Physics at the University of Birmingham, where he became interested in applications of methods of theoretical physics to financial economics, and attracted the attention of both financial researchers and practitioners by introducing gauge modelling of asset prices out of equilibrium. He has written over 50 articles on financial mathematics, mathematical physics, mathematical methods in statistical physics and the theory of correlated systems. Dr Ilinski has joined the Equity Derivatives Desk at Chase Manhattan in London.