{"product_id":"derivatives-the-theory-and-practice-of-financial-engineering-wiley-frontiers-in-finance-series-9780471983897","title":"Derivatives : The Theory and Practice of Financial Engineering (Wiley Frontiers in Finance Series)","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003e\u003cstrong\u003eDerivatives : The Theory and Practice of Financial Engineering (Wiley Frontiers in Finance Series)\u003c\/strong\u003e by Wilmott, Paul. hardcover edition. ISBN: 9780471983897.\u003c\/p\u003e\n\u003cp\u003eDerivatives by Paul Wilmott provides the most comprehensive and accessible analysis of the art of science in financial modeling available. Wilmott explains and challenges many of the tried and tested models while at the same time offering the reader many new and previously unpublished ideas and techniques. Paul Wilmott has produced a compelling and essential new work in this field.\n\nThe basics of the established theories-such as stochastic calculus, Black-Scholes, binomial trees and interest-rate models-are covered in clear and precise detail, but Derivatives goes much further. Complex models-such as path dependency, non-probabilistic models, static hedging and quasi-Monte Carlo methods-are introduced and explained to a highly sophisticated level. But theory in itself is not enough, an understanding of the role the techniques play in the daily world of finance is also examined through the use of spreadsheets, examples and the inclusion of Visual Basic programs.\n\nThe book is divided into six parts:\n\nPart One: acts as an introduction and explanation of the fundamentals of derivatives theory and practice, dealing with the equity, commodity and currency worlds.\n\nPart Two: takes the mathematics of Part One to a more complex level, introducing the concept of path dependency.\n\nPart Three: concerns extensions of the Black-Scholes world, both classic and modern.\n\nPart Four: deals with models for fixed-income products.\n\nPart Five: describes models for risk management and measurement.\n\nPart Six: delivers the numerical methods required for implementing the models described in the rest of the book.\n\nDerivatives also includes a CD containing a wide variety of implementation material related to the book in the form of spreadsheets and executable programs together with resource material such as demonstration software and relevant contributed articles.\n\nAt all times the style remains readable and compelling making Derivatives the essential book on every finance shelf.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":44952972722229,"sku":"ByrdShop_0471983896","price":62.47,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780471983897_13a09ba7-f22e-4436-8b04-b1a9493c9e51.jpg?v=1778738141","url":"https:\/\/atxbooks.com\/products\/derivatives-the-theory-and-practice-of-financial-engineering-wiley-frontiers-in-finance-series-9780471983897","provider":"ATX Books","version":"1.0","type":"link"}