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