ENGLISH

Risk Quantification: Management, Diagnosis and Hedging (The Wiley Finance Series)

By Patrick Naïm , Laurent Condamin , Jean-Paul Louisot

Book information

Publisher
Wiley
Year
2007
ISBN
9780470019078, 0470019077
LCC
HD61 .C65 2006
Open Library ID
OL10278260M
Language
english
Format
PDF
Filesize
3 MB (3431866 bytes)
Series
The Wiley Finance Series
Pages
288\288
Topic
Economy
Time added
2010-08-30 15:18:36
Финансово-экономические дисциплины;Финансовая мате

Description

This is very much an elementary treatise. Not directed at the professional researcher in finance, who should already have an extensive background in statistics. But the discussion in the book is detailed enough for a qualitative understanding of what such researchers use.

Take Monte Carlo simulations as a good example. You see how given a probability distribution, random numbers can be generated from it, to test a model based on that distribution. Conceptually, it is as simple as that.

Another key idea is how to develop and test strategies inside a Bayesian network. Again, the narrative keeps the maths to a minimum necessary to grasp the underlying ideas.

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