ENGLISH

C++ Design Patterns and Derivatives Pricing (Mathematics, Finance and Risk)

Book information

Publisher
Cambridge University Press
Year
2008
ISBN
0521721628, 9780521721622
Open Library ID
OL22553338M
Language
english
Format
PDF
Filesize
940 kB (962128 bytes)
Series
Mathematics, Finance and Risk
Edition
2
Pages
310\310
Time added
2010-08-30 15:18:36

Description

This book introduces several design patterns using finance as an example. The book is pretty thin for a $50 book, and can be read in under a week easily.

I would recommend this book to MS/PHD students who want to become quants, but did not read the GoF book yet. Overall, the book is not too bad, if you are willing to spend $50 on it(library?).

The author delivers books like hot buns, which does not look good to me. Quality beats Quantity.

Pros:
+ the code is clean and easy to read
+ covers Monte Carlo and Trees, also Excel briefly
+ the explanations are clear
+ the material progresses from easy to hard nicely

Cons:
- high price
- source code is not readily available, you would have to download it from different sources, and it will differ from the book, no makefiles
- no big projects for the reader
- PDE & interest rate models are not covered at all
- no discussion of greeks for some reason
- some important patterns are not covered
- no errata

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