Quantitative Finance: Back to Basic Principles (Applied Quantitative Finance) by Adil Reghai
English | 10 Dec. 2014 | ISBN: 1137414499 | 249 Pages | PDF | 1 MB
English | 10 Dec. 2014 | ISBN: 1137414499 | 249 Pages | PDF | 1 MB
The series of recent financial crises have thrown open the world of quantitative finance and financial modeling. The era of stochastic calculus is over and the time of Ito derivation is at an end. Today, quants need a broad modeling skillset – one that transcends mathematics to price and hedge financial products safely and effectively, but that also takes into account that we now live in a world of more frequent crises, fatter tail risk and the optimized search for alpha.