Paul Wilmott Introduces Quantitative Finance

by Paul Wilmott

Overview

Paul Wilmott Introduces Quantitative Finance, Second Edition is an accessible introduction to the classical side of quantitative finance specifically for university students. Adapted from the comprehensive, even epic, works Derivatives and Paul Wilmott on Quantitative Finance, Second Edition, it includes carefully selected chapters to give the student a thorough understanding of futures, options and numerical methods. Software is included to help visualize the most important ideas and to show how techniques are implemented in practice. There are comprehensive end-of-chapter exercises to test students on their understanding.

Product Details

ISBN-13:	9781118836798
Publisher:	Wiley
Publication date:	10/18/2013
Series:	The Wiley Finance Series
Sold by:	JOHN WILEY & SONS
Format:	eBook
Pages:	736
File size:	39 MB
Note:	This product may take a few minutes to download.

About the Author

Paul Wilmott, described by the Financial Times as ‘cult derivatives lecturer,’ is one of the world’s leading experts on quantitative finance and derivatives.

He is the proprietor of an innovative magazine on quantitative finance and a highly popular community website (www.wilmott.com). He is the principal of the financial consultancy and training firm, Wilmott Associates, and the Course Director for the Certificate in Quantitative Finance. He has researched and published widely on financial engineering.

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Table of Contents

Preface.

1. Products and Markets: Equities, Commodities, Exchange Rates, Forwards and Futures.

2. Derivatives.

3. The Binomial Model.

4. The random Behavior of Assets.

5. Elementary Stochastic Calculus.

6. The Black-Scholes Model.

7. Partial Differential Equations.

8. The Black-Scholes Formulæ and the 'Greeks'.

9. Overview of Volatility Modeling.

10. How to Delta Hedge.

11. An Introduction to Exotic and Path-dependent Options.

12. Multi-asset Options.

13. Barrier Options.

14. Fixed-income Products and Analysis: Yield, Duration and Convexity.

15. Swaps.

16. One-factor Interest rate Modeling.

17. Yield Curve Fitting.

18. Interest rate Derivatives.

19. The Heath, Jarrow&Morton and Brace, Gatarek&Musiela Models.

20. Investment Lessons from Blackjack and Gambling.

21. Portfolio Management.

22. Value at Risk.

23. Credit Risk.

24. RiskMetrics and CreditMetrics.

25. CrashMetrics.

26. Derivatives Ups.

27. Overview of Numerical Methods.

28. Finite-difference Methods for One-factor Models.

29. Monte Carl Simulation.

30. Numerical Integration.

A. All the Math You Need...and No More (An Executive Summary).

B. Forecasting the Markets? A Small Digression.

C. A Trading Game.

D. Contents of CD accompanying Paul Wilmott Introduces Quantitative Finance, second edition.

E. What You get if (when ) you upgrade to PWOQF2.

Bibliography.

Index.

Editorial Reviews

Written for undergraduates, this book provides an introduction to classical quantitative finance, emphasizing futures, options, and numerical methods. Chapters cover products and markets, derivatives, predictions, the binomial model, stochastic calculus, the Black- Scholes model, partial differential equations, multi-asset options, exotic and path-dependent options, barrier options, fixed-income products, swaps, one-factor interest rate modeling, portfolio management, value at risk, credit risk, finite-difference methods, and Monte Carlo simulation. An accompanying CD-ROM includes workbook exercises for 21 of the 26 chapters. Wolmott has been described by the as a "cult derivations lecturer." Annotation c. Book News, Inc., Portland, OR (booknews.com)

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