Options, Futures, and Other Derivatives
F**S
classical book
I was planning to buy this book for a few years.This is a classical book on Derivatives. A must have for anyone that is interested in learning how derivatives work and how to price them.It provides good reasoning and intuitive ideas on risk-neutral pricing. I tried learning that from other books before but the main ideas are so well explained here that now I can understand what those other books say (concepts like market price of risk and the equivalent martingale result for change of numeraire). Interest rate derivatives are well introduced here and the new chapter on more numerical procedures extends the results from previous chapters to dynamics with stochastic volatility and so on.So, this is a must have and basic reading book for any quant analyst.
D**R
A Must Have for any Risk Manager's Library
One cannot fully understand the quantitative aspects of risk management without having this book in your reference library. It's thorough, easy to read and has all the necessary mathematics for reproduce the risk measures, pricing and valuation for most exchange traded securities out there. I fails only in the introduction to cover the requisite history of risk management but that's not so important for the work. I particuarly like the Merton model descriptions for pricing corporate bonds, the options pricing methods because it makes binomial pricing for options really easy to program yourself. This is one book you need in your library and also one you must read too.
E**C
It had some highlighting
The book had some highlighting that I didn't think would be there when i ordered it, but then I got the book and it had lots of highlighting. It wasn't exactly in the promised condition.
M**U
This book is useful but its content can be much less if the ...
Hard to say. This book is useful but its content can be much less if the author try to compress the content.
J**H
The finance book
Not just people in Sales & Trading / Structuring, but anyone who worries about the role of derivatives needs to first give this important book a read through: It simply and elegantly explains the role of derivatives.Don't make judgments about things you don't understand: read hull and learn
B**N
Four Stars
Ship from uk. Might take w well
K**L
This is an exceptional book our professor use it for ...
This is an exceptional book our professor use it for our class but if you truly want to learn derivatives and options and futures this book will benefit you
L**N
The book inside is new but outside is not so good
The hard cover of the book worn out so that it appears to be not so clean, but the papers are clean.
A**C
Livre de deuxième main en parfait état, tout nouveau !!!
Un livre de deuxième main, qui est arrivé tout nouveau et même encore emballé en plastique !!!Sur le contenu je ne sais rien dire, c’est pour mon fils qui est Docteur en Mathématiques....
W**A
good book
good book, very helpful if you want to understand the basics of derivatives
Z**S
Three Stars
A complex book for those who are only extremely interested in this area if trading. Not for the faint-hearted.
V**R
Must Read for anybody interested in Derivatives
The book is the bible of Derivatives and is on the reading list of several exams. Indian students preparing for FRM exam should use this version of the book as the problems in this book are matching with the solutions manual.
C**N
Esencial para estudiar derivados
Es un libro el cuál sirve para estudiantes tanto de administración financiera que requieren enfoques prácticos así como para estudiantes de Matemáticas en ramas financieras ya que encamina para que el estudiante pueda profundizar en los desarrollos matemáticos.