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(Download) "Applied Conic Finance" by Dilip Madan & Wim Schoutens " Book PDF Kindle ePub Free

Applied Conic Finance

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eBook details

  • Title: Applied Conic Finance
  • Author : Dilip Madan & Wim Schoutens
  • Release Date : January 22, 2016
  • Genre: Mathematics,Books,Science & Nature,
  • Pages : * pages
  • Size : 6898 KB

Description

This is a comprehensive introduction to the brand new theory of conic finance, also referred to as the two-price theory, which determines bid and ask prices in a consistent and fundamentally motivated manner. Whilst theories of one price classically eliminate all risk, the concept of acceptable risks is critical to the foundations of the two-price theory which sees risk elimination as typically unattainable in a modern financial economy. Practical examples and case studies provide the reader with a comprehensive introduction to the fundamentals of the theory, a variety of advanced quantitative models, and numerous real-world applications, including portfolio theory, option positioning, hedging, and trading contexts. This book offers a quantitative and practical approach for readers familiar with the basics of mathematical finance to allow them to boldly go where no quant has gone before.


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