{"product_id":"theory-of-financial-risk-and-derivative-pricing-from-statistical-physics-to-risk-management-paperback-9780521741866","title":"Theory of Financial Risk and Derivative Pricing; From Statistical Physics to Risk Management (Paperback) 9780521741866","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eTheory of Financial Risk and Derivative Pricing\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eFrom Statistical Physics to Risk Management\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThis 2003 book summarizes theoretical developments in statistical tools to measure financial markets, for students and professionals in econophysics and analytical markets.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eJean-Philippe Bouchaud (Author), Marc Potters (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521741866, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback, published 22 January 2009\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e400 pages, 20 tables\u003cbr\u003e24.8 x 17.5 x 2 cm, 0.79 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'It is rare to read a quantitative finance book that has anything new to say. It is even rarer to find such a book written by those who know what they are talking about. Bouchaud and Potters are two of the most innovative, imaginative and experienced researches in finance. In this second edition of their ground-breaking work, they go even further into their field of econo-physics, a field that is changing the way we view the financial markets. Each page is packed with more ideas than most people put into an entire book. An inspirational book to be studied carefully and savoured.' Paul Wilmott\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eRisk control and derivative pricing have become of major concern to financial institutions, and there is a real need for adequate statistical tools to measure and anticipate the amplitude of the potential moves of the financial markets. Summarising theoretical developments in the field, this 2003 second edition has been substantially expanded. Additional chapters now cover stochastic processes, Monte-Carlo methods, Black-Scholes theory, the theory of the yield curve, and Minority Game. There are discussions on aspects of data analysis, financial products, non-linear correlations, and herding, feedback and agent based models. This book has become a classic reference for graduate students and researchers working in econophysics and mathematical finance, and for quantitative analysts working on risk management, derivative pricing and quantitative trading strategies.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eForeword\u003cbr\u003e Preface\u003cbr\u003e 1. Probability theory: basic notions\u003cbr\u003e 2. Maximum and addition of random variables\u003cbr\u003e 3. Continuous time limit, Ito calculus and path integrals\u003cbr\u003e 4. Analysis of empirical data\u003cbr\u003e 5. Financial products and financial markets\u003cbr\u003e 6. Statistics of real prices: basic results\u003cbr\u003e 7. Non-linear correlations and volatility fluctuations\u003cbr\u003e 8. Skewness and price-volatility correlations\u003cbr\u003e 9. Cross-correlations\u003cbr\u003e 10. Risk measures\u003cbr\u003e 11. Extreme correlations and variety\u003cbr\u003e 12. Optimal portfolios\u003cbr\u003e 13. Futures and options: fundamental concepts\u003cbr\u003e 14. Options: hedging and residual risk\u003cbr\u003e 15. Options: the role of drift and correlations\u003cbr\u003e 16. Options: the Black and Scholes model\u003cbr\u003e 17. Options: some more specific problems\u003cbr\u003e 18. Options: minimum variance Monte-Carlo\u003cbr\u003e 19. The yield curve\u003cbr\u003e 20. Simple mechanisms for anomalous price statistics\u003cbr\u003e Index of most important symbols\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Statistical physics [\u003ca title=\"See our other books on Statistical physics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Statistical%20physics%20%5BPHS%5D%22\"\u003ePHS\u003c\/a\u003e], Probability \u0026amp; statistics [\u003ca title=\"See our other books on Probability \u0026amp; statistics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Probability%20\u0026amp;%20statistics%20%5BPBT%5D%22\"\u003ePBT\u003c\/a\u003e], Finance [\u003ca title=\"See our other books on Finance\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20%5BKFF%5D%22\"\u003eKFF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46001688707352,"sku":"9780521741866","price":52.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521741866i_deb4ad16-e715-4683-8058-b53d20a6baaa.jpg?v=1691380695","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/theory-of-financial-risk-and-derivative-pricing-from-statistical-physics-to-risk-management-paperback-9780521741866","provider":"Freshly Printed Books","version":"1.0","type":"link"}