Title
A Benchmark Approach to Quantitative Finance (Springer Finance),Used
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In recent years products based on ?nancial derivatives have become an ind pensabletoolforriskmanagersandinvestors. Insuranceproductshavebecome part of almost every personal and business portfolio. The management of tual and pension funds has gained in importance for most individuals. Banks, insurance companies and other corporations are increasingly using ?nancial and insurance instruments for the active management of risk. An increasing range of securities allows risks to be hedged in a way that can be closely t lored to the speci?c needs of particular investors and companies. The ability to handle e?ciently and exploit successfully the opportunities arising from modern quantitative methods is now a key factor that di?erentiates market participants in both the ?nance and insurance ?elds. For these reasons it is important that ?nancial institutions, insurance companies and corporations develop expertise in the area of quantitative ?nance, where many of the as ciated quantitative methods and technologies emerge. This book aims to provide an introduction to quantitative ?nance. More precisely, it presents an introduction to the mathematical framework typically usedin?nancialmodeling,derivativepricing,portfolioselectionandriskm agement. It o?ers a uni?ed approach to risk and performance management by using the benchmark approach, which is di?erent to the prevailing paradigm and will be described in a systematic and rigorous manner. This approach uses the growth optimal portfolio as numeraire and the real world probability measure as pricing measure.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: What is the size of 'A Benchmark Approach to Quantitative Finance'? A: This book measures six point thirty-four inches in length, one point nineteen inches in width, and nine point thirty-seven inches in height.
- Q: How many pages does this book have? A: This book contains seven hundred sixteen pages, providing an extensive overview of quantitative finance.
- Q: What type of binding does this book have? A: This book is bound in hardcover, ensuring durability and longevity for readers.
- Q: Who is the author of this book? A: The author of 'A Benchmark Approach to Quantitative Finance' is Eckhard Platen, a notable figure in the field.
- Q: What is the genre of this book? A: This book falls under the category of Public Finance, focusing on quantitative methods in finance.
- Q: How do I use this book for studying? A: You can use this book as a comprehensive guide for understanding quantitative finance principles, including risk management and derivative pricing.
- Q: Is this book suitable for beginners in finance? A: Yes, this book is designed to introduce readers to quantitative finance concepts, making it suitable for both beginners and advanced learners.
- Q: Can this book help with portfolio selection? A: Yes, it offers insights into portfolio selection and risk management using a systematic approach.
- Q: How should I store this book? A: Store this book in a cool, dry place, preferably upright on a bookshelf to maintain its condition.
- Q: What condition is the used book in? A: The book is classified as a Used Book in Good Condition, indicating it has been well-maintained.
- Q: What if I receive a damaged copy of the book? A: If you receive a damaged copy, contact customer support for return options or exchanges.
- Q: Is there a warranty on this book? A: Typically, books do not come with warranties, but you can check the return policy for any specific guarantees.
- Q: What topics are covered in this book? A: It covers topics such as financial modeling, derivative pricing, and risk management methodologies.
- Q: Is this book academic or practical? A: This book provides a blend of academic theory and practical application in quantitative finance.
- Q: Does this book include exercises or examples? A: Yes, it includes examples to illustrate quantitative finance concepts, aiding in understanding.
- Q: Are there any prerequisites for reading this book? A: While no specific prerequisites are needed, a basic understanding of finance concepts may enhance comprehension.