A Workout in Computational Finance

Business & Finance, Finance & Investing, Corporate Finance
Cover of the book A Workout in Computational Finance by Andreas Binder, Michael Aichinger, Wiley
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Andreas Binder, Michael Aichinger ISBN: 9781119973492
Publisher: Wiley Publication: August 13, 2013
Imprint: Wiley Language: English
Author: Andreas Binder, Michael Aichinger
ISBN: 9781119973492
Publisher: Wiley
Publication: August 13, 2013
Imprint: Wiley
Language: English

A comprehensive introduction to various numerical methods used in computational finance today

Quantitative skills are a prerequisite for anyone working in finance or beginning a career in the field, as well as risk managers. A thorough grounding in numerical methods is necessary, as is the ability to assess their quality, advantages, and limitations. This book offers a thorough introduction to each method, revealing the numerical traps that practitioners frequently fall into. Each method is referenced with practical, real-world examples in the areas of valuation, risk analysis, and calibration of specific financial instruments and models. It features a strong emphasis on robust schemes for the numerical treatment of problems within computational finance. Methods covered include PDE/PIDE using finite differences or finite elements, fast and stable solvers for sparse grid systems, stabilization and regularization techniques for inverse problems resulting from the calibration of financial models to market data, Monte Carlo and Quasi Monte Carlo techniques for simulating high dimensional systems, and local and global optimization tools to solve the minimization problem.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

A comprehensive introduction to various numerical methods used in computational finance today

Quantitative skills are a prerequisite for anyone working in finance or beginning a career in the field, as well as risk managers. A thorough grounding in numerical methods is necessary, as is the ability to assess their quality, advantages, and limitations. This book offers a thorough introduction to each method, revealing the numerical traps that practitioners frequently fall into. Each method is referenced with practical, real-world examples in the areas of valuation, risk analysis, and calibration of specific financial instruments and models. It features a strong emphasis on robust schemes for the numerical treatment of problems within computational finance. Methods covered include PDE/PIDE using finite differences or finite elements, fast and stable solvers for sparse grid systems, stabilization and regularization techniques for inverse problems resulting from the calibration of financial models to market data, Monte Carlo and Quasi Monte Carlo techniques for simulating high dimensional systems, and local and global optimization tools to solve the minimization problem.

More books from Wiley

Cover of the book Biochemistry For Dummies by Andreas Binder, Michael Aichinger
Cover of the book Parenting For Dummies by Andreas Binder, Michael Aichinger
Cover of the book Developing Evidence-Based Generalist Practice Skills by Andreas Binder, Michael Aichinger
Cover of the book Magnetic Resonance Imaging for Groundwater by Andreas Binder, Michael Aichinger
Cover of the book Teach Yourself VISUALLY Excel 2010 by Andreas Binder, Michael Aichinger
Cover of the book Smart Leaders, Smarter Teams by Andreas Binder, Michael Aichinger
Cover of the book Sleep Medicine in Neurology by Andreas Binder, Michael Aichinger
Cover of the book The Responsible Administrator by Andreas Binder, Michael Aichinger
Cover of the book Feed Efficiency in the Beef Industry by Andreas Binder, Michael Aichinger
Cover of the book Limits of Detection in Chemical Analysis by Andreas Binder, Michael Aichinger
Cover of the book Manual of Dietetic Practice by Andreas Binder, Michael Aichinger
Cover of the book Graptolite Paleobiology by Andreas Binder, Michael Aichinger
Cover of the book The Intelligent Enterprise in the Era of Big Data by Andreas Binder, Michael Aichinger
Cover of the book Auditing For Dummies by Andreas Binder, Michael Aichinger
Cover of the book Autodesk 3ds Max 2014 Essentials by Andreas Binder, Michael Aichinger
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy