{"product_id":"numerical-methods-in-finance-and-economics-a-matlab-based-introduction-hardback-9780471745037","title":"Numerical Methods in Finance and Economics; A MATLAB-Based Introduction (Hardback) 9780471745037","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eNumerical Methods in Finance and Economics\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eA MATLAB-Based Introduction\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003ePaolo Brandimarte (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780471745037, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 31 October 2006\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e696 pages, Charts: 0 B\u0026amp;W, 0 Color; Tables: 0 B\u0026amp;W, 0 Color; Graphs: 85 B\u0026amp;W, 0 Color\u003cbr\u003e24.2 x 16.4 x 4.3 cm, 1.116 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"Inquisitive statisticians may find this book an interesting read in which to put their theories and epistemology to the test.\" (\u003ci\u003eJournal of American Statistics,\u003c\/i\u003e 2008)\u003cbr\u003e \u003cbr\u003e  \"In summary, this book is a \"must have\" for professionals and researchers who employ numerical methods in economic and financial modeling. The amount and quality of the material that the author offers is so generous that readers are likely to benefit from it even if they are not interested in some of the specific applications presented.\" (\u003ci\u003eInterfaces\u003c\/i\u003e, June 2008)  \u003cp\u003e\"…a broad and enjoyable introduction to computational finance.\" (\u003ci\u003eJournal of the American Statistical Association\u003c\/i\u003e, December 2007)\u003c\/p\u003e \u003cp\u003e\"...written in such a lucid way that it provides great pleasure in reading...excellent for students...of great value to practitioners who are new to the field.\" (\u003ci\u003eMAA Reviews\u003c\/i\u003e, November 23, 2006)\u003c\/p\u003e\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eA state-of-the-art introduction to the powerful mathematical and statistical tools used in the field of finance\u003cbr\u003e \u003cbr\u003e The use of mathematical models and numerical techniques is a practice employed by a growing number of applied mathematicians working on applications in finance. Reflecting this development, Numerical Methods in Finance and Economics: A MATLAB?-Based Introduction, Second Edition bridges the gap between financial theory and computational practice while showing readers how to utilize MATLAB?--the powerful numerical computing environment--for financial applications.\u003cbr\u003e \u003cbr\u003e The author provides an essential foundation in finance and numerical analysis in addition to background material for students from both engineering and economics perspectives. A wide range of topics is covered, including standard numerical analysis methods, Monte Carlo methods to simulate systems affected by significant uncertainty, and optimization methods to find an optimal set of decisions.\u003cbr\u003e \u003cbr\u003e Among this book's most outstanding features is the integration of MATLAB?, which helps students and practitioners solve relevant problems in finance, such as portfolio management and derivatives pricing. This tutorial is useful in connecting theory with practice in the application of classical numerical methods and advanced methods, while illustrating underlying algorithmic concepts in concrete terms.\u003cbr\u003e \u003cbr\u003e Newly featured in the Second Edition:\u003cbr\u003e * In-depth treatment of Monte Carlo methods with due attention paid to variance reduction strategies\u003cbr\u003e * New appendix on AMPL in order to better illustrate the optimization models in Chapters 11 and 12\u003cbr\u003e * New chapter on binomial and trinomial lattices\u003cbr\u003e * Additional treatment of partial differential equations with two space dimensions\u003cbr\u003e * Expanded treatment within the chapter on financial theory to provide a more thorough background for engineers not familiar with finance\u003cbr\u003e * New coverage of advanced optimization methods and applications later in the text\u003cbr\u003e \u003cbr\u003e \u003cbr\u003e Numerical Methods in Finance and Economics: A MATLAB?-Based Introduction, Second Edition presents basic treatments and more specialized literature, and it also uses algebraic languages, such as AMPL, to connect the pencil-and-paper statement of an optimization model with its solution by a software library. Offering computational practice in both financial engineering and economics fields, this book equips practitioners with the necessary techniques to measure and manage risk.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface to the Second Edition.  \u003cp\u003eFrom the Preface to the First Edition.\u003c\/p\u003e \u003cp\u003ePART I. BACKGROUND.\u003c\/p\u003e \u003cp\u003e1. Motivation.\u003c\/p\u003e \u003cp\u003e2. Financial Theory.\u003c\/p\u003e \u003cp\u003ePART II. NUMERICAL METHODS.\u003c\/p\u003e \u003cp\u003e3. Basics of Numerical Analysis.\u003c\/p\u003e \u003cp\u003e4. Numerical Integration: Deterministic and Monte Carlo Methods.\u003c\/p\u003e \u003cp\u003e5. Finite Difference Methods for Partial Differential Equations.\u003c\/p\u003e \u003cp\u003e6. Convex Optimization.\u003c\/p\u003e \u003cp\u003ePART III. PRICING EQUITY OPTIONS.\u003c\/p\u003e \u003cp\u003e7. Option Pricing by Binomial and Trinomial Lattices.\u003c\/p\u003e \u003cp\u003e8. Option Pricing by Monte Carlo Methods.\u003c\/p\u003e \u003cp\u003e9. Option Pricing by Finite Difference Methods.\u003c\/p\u003e \u003cp\u003ePART IV. ADVANCED OPTMIZATION MODELS AND METHODS.\u003c\/p\u003e \u003cp\u003e10. Dynamic Programming.\u003c\/p\u003e \u003cp\u003e11. Linear Stochastic Programming Models with Recourse.\u003c\/p\u003e \u003cp\u003e12. Non-Convex Optimization.\u003c\/p\u003e \u003cp\u003ePART V. APPENDICES.\u003c\/p\u003e \u003cp\u003eAppendix A. Introduction to MATLAB Programming.\u003c\/p\u003e \u003cp\u003eAppendix B. Refresher on Probability theory and Statistics.\u003c\/p\u003e \u003cp\u003eAppendix C. Introduction to AMPL.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Mathematics [\u003ca title=\"See our other books on Mathematics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Mathematics%20%5BPB%5D%22\"\u003ePB\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley-Interscience","offers":[{"title":"Brand New","offer_id":52475087847704,"sku":"9780471745037","price":107.39,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780471745037.jpg?v=1785804485","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/numerical-methods-in-finance-and-economics-a-matlab-based-introduction-hardback-9780471745037","provider":"Freshly Printed Books","version":"1.0","type":"link"}