by Espen Gaarder Haug
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| List Price: | $80.00 |
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Product Description
Derivatives Models on Models takes a theoretical and practical look at some of the latest and most important ideas behind derivatives pricing models. In each chapter the author highlights the latest thinking and trends in the area. A wide range of topics are covered, including valuation methods on stocks paying discrete dividend, Asian options, American barrier options, Complex barrier options, reset options, and electricity derivatives. The book also discusses the latest ideas surrounding finance like the robustness of dynamic delta hedging, option hedging, negative probabilities and space-time finance. The accompanying CD-ROM with additional Excel sheets includes the mathematical models covered in the book. The book also includes interviews with some of the world’s top names in the industry, and an insight into the history behind some of the greatest discoveries in quantitative finance. Interviewees include: -
Clive Granger, Nobel Prize winner in Economics 2003, on Cointegration -
Nassim Taleb on Black Swans -
Stephen Ross on Arbitrage Pricing Theory -
Emanuel Derman the Wall Street Quant -
Edward Thorp on Gambling and Trading -
Peter Carr the Wall Street Wizard of Option Symmetry and Volatility -
Aaron Brown on Gambling, Poker and Trading -
David Bates on Crash and Jumps -
Andrei Khrennikov on Negative Probabilities -
Elie Ayache on Option Trading and Modeling -
Peter Jaeckel on Monte Carlo Simulation -
Alan Lewis on Stochastic Volatility and Jumps -
Paul Wilmott on Paul Wilmott -
Knut Aase on Catastrophes and Financial Economics -
Eduardo Schwartz the Yoga Master of Quantitative Finance -
Bruno Dupire on Local and Stochastic Volatility Models
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Average Customer Review:
1 of 1 people found the following review helpful:
Theory meets reality, 2008-08-11
I'm not a trader but I needed to know about derivatives trading so I bought 3 books: Energy Markets: Price Risk Management and Trading (Wiley Finance) and Fundamentals of Trading Energy Futures and Options. Fundamentals of Trading Energy Futures and Options was a great primer on the topic where Price Risk Management and Trading was a more comprehensive look at how to manage risk for an entire organization. This book was entirely about something else. I saw it written from the trader's perspective with all the glamor and mystique associated with trading. I think the three books complement each other and definitely if you want to be successful as a trader, I recommend you not only read but "study" this book. It will probably do you well and if you're looking at hiring traders, study this book as well. There are a wealth of lessons to be learned here. If you're looking for enlightenment, read this book between the lines -- its where the wealth truly lies.
This review may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, statements as to future operating results and plans that involve risks and uncertainties. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Book to differ materially from any future results, performance or achievements expressed or implied by those projected in the forward-looking statements for any reason. Buy at your own risk.
Note: To avoid negative feedback, I only give 5 star reviews because I don't review books which do not rate 5 stars. It takes a really bad book for me to take the time to write a 1 star rating.
Haug was right about one thing, trading in options is a possible way to get rich. Buying books on options is a certain way to become bankrupt. I imagine writing books on Derivatives and formulas is a nice way to buy a vacation home in the French Riviera, a Porsche, or shiny stones for a girlfriend. Still, I'm smarter for having read this -- thanks Haug.
0 of 0 people found the following review helpful:
Excellence in Options Trading, 2007-08-04
I recently purchased this book due to my positive impression from Haug's other excellent book on option formulas. For those who enjoy the history of ideas and would like to find out what is state of the art in options theory and options trading today, there is no better source than Haug's new book "Derivatives: Models on Models"
I recommend this book for everyone - experts and neophytes alike.
Price is accurate as of the date/time indicated. Prices and product availability are subject to change. Any price displayed on the Amazon website at the time of purchase will govern the sale of this product.
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