Financial Engineering: Advanced Theory

<body topmargin="0" leftmargin="0" stylesrc="../_private/template_title.htm" bgcolor="#FFFFFF" link="#333366" vlink="#000000" alink="#000000"> <table border="0" cellspacing="0" width="100%" cellpadding="10" style="border-collapse: collapse" bordercolor="#111111" id="table23"> <tr> <td width="100%" bgcolor="#FFFFCC"> <p class="header_black">Financial Engineering: <span class="header_gold"> Advanced Theory</span></td> </tr> </table> <div align="left"> <table border="0" cellspacing="4" style="border-collapse: collapse" bordercolor="#111111" width="100%" cellpadding="0" id="table24"> <tr> <td width="740" bgcolor="#FFFFFF"> <div align="center"> <div align="center"> <table border="0" cellpadding="10" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="468" id="table25"> <tr> <td> <script type="text/javascript"></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td></tr> </table> <div align="center"> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table26"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap473"> <area href="../titles/delbaen_and_schachermayer_(2006).htm" shape="rect" coords="0, 0, 132, 199"> </map> <img border="0" src="../images/book_delbaen_and_schachermayer_(2006).gif" usemap="#FPMap473" width="133" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table27"> <tr> <td width="100%"> <p class="book_title">The Mathematics of Arbitrage</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table28"> <tr> <td width="100%" colspan="5"> <p class="book_details">F. Delbaen and W. Schachermayer</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap474"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map><img border="0" src="../images/star_5.gif" usemap="#FPMap474" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap475"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map><img border="0" src="../images/tech_6.gif" usemap="#FPMap475" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2006</td> <td width="90%" class="book_details_tags" align="right" valign="top"> <p align="right"><map name="FPMap476"> <area target="_self" href="../titles/delbaen_and_schachermayer_(2006).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap476" width="90" height="25" ></td> <td class="book_details_tags" align="right" valign="top"> <script language="JavaScript"> function popUp(URL,NAME) { amznwin=window.open(URL,NAME,'location=yes,scrollbars=yes,status=yes,toolbar=yes,resizable=yes,width=380,height=450,screenX=10,screenY=10,top=10,left=10'); amznwin.focus();} document.open(); document.write("<a href=javascript:popUp('http://buybox.amazon.com/exec/obidos/redirect?tag=contingencyanaly&link_code=xsc&creative=23424&camp=2025&path=/dt/assoc/tg/aa/xml/assoc/-/3540219927/contingencyanaly/ref=ac_bb1_,_amazon')><img border=0 src=../images/pointer_amazon.gif alt='Buy from Amazon.com' ></a>"); document.close(); </script> <noscript> <form method="POST" action="http://buybox.amazon.com/o/dt/assoc/handle-buy-box=3540219927"> <input type="hidden" name="asin.3540219927" value="1"> <input type="hidden" name="tag-value" value="contingencyanaly"> <input type="hidden" name="tag_value" value="contingencyanaly"> <input type="image" name="submit.add-to-cart" value="Buy from Amazon.com" border="0" src="../../../titles/src=images/pointer_amazon.gif"> </form></noscript> </td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">Financial engineering is rapidly becoming the most sophisticated application of mathematics, outstripping even physics, which has traditionally held that distinction. To my knowledge, no one has yet applied non-Euclidean geometry to finance, but the development of the Fundamental Theorem of Asset Pricing has spawned a renaissance in mathematical research into stochastic calculus</strong> ... <a href="../titles/delbaen_and_schachermayer_(2006).htm">Read more</a></td> </tr> </table> </td> </tr> </table> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table29"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap481"> <area href="../titles/singleton_kenneth_(2006).htm" shape="rect" coords="0, 0, 133, 199"> </map> <img border="0" src="../images/book_singleton_kenneth_(2006).jpg" width="134" height="200" usemap="#FPMap481"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table30"> <tr> <td width="100%"> <p class="book_title">Empirical Dynamic Asset Pricing</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table31"> <tr> <td width="100%" colspan="5"> <p class="book_details">Kenneth Singleton</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap482"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_5.gif" width="90" height="16" usemap="#FPMap482"></td> <td width="25" class="book_details_tags"> <map name="FPMap483"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_5.gif" width="90" height="16" usemap="#FPMap483"></td> <td width="25" class="book_details_tags"> 2006</td> <td width="90%" class="book_details_tags" align="right" valign="top"> <p align="right"><map name="FPMap484"> <area target="_self" href="../titles/singleton_kenneth_(2006).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap484" width="90" height="25" ></td> <td class="book_details_tags" align="right" valign="top"> <script language="JavaScript"> function popUp(URL,NAME) { amznwin=window.open(URL,NAME,'location=yes,scrollbars=yes,status=yes,toolbar=yes,resizable=yes,width=380,height=450,screenX=10,screenY=10,top=10,left=10'); amznwin.focus();} document.open(); document.write("<a href=javascript:popUp('http://buybox.amazon.com/exec/obidos/redirect?tag=contingencyanaly&link_code=xsc&creative=23424&camp=2025&path=/dt/assoc/tg/aa/xml/assoc/-/0691122970/contingencyanaly/ref=ac_bb1_,_amazon')><img border=0 src=../images/pointer_amazon.gif alt='Buy from Amazon.com' ></a>"); document.close(); </script> <noscript> <form method="POST" action="http://buybox.amazon.com/o/dt/assoc/handle-buy-box=0691122970"> <input type="hidden" name="asin.0691122970" value="1"> <input type="hidden" name="tag-value" value="contingencyanaly"> <input type="hidden" name="tag_value" value="contingencyanaly"> <input type="image" name="submit.add-to-cart" value="Buy from Amazon.com" border="0" src="../../../titles/src=images/pointer_amazon.gif"> </form></noscript> </td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">Targeting theoreticians, this is a book about fitting or assessing asset pricing models based on empirical market data. It approaches the topic broadly, addressing various equilibrium- and arbitrage-based models. Familiarity with the theory behind these models is mostly assumed. The author focuses on assessing, in light of available market data, the reasonableness of the distributional assumptions those models imply</strong> ... <a href="../titles/singleton_kenneth_(2006).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table32"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap455"> <area coords="0, 0, 127, 199" shape="rect" href="../titles/albanese_and_campolieti_(2005).htm"> </map> <img border="0" src="../images/book_albanese_and_campolieti_(2005).gif" usemap="#FPMap455" width="128" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table33"> <tr> <td width="100%"> <p class="book_title">Advanced Derivatives Pricing and Risk Management</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table34"> <tr> <td width="100%" colspan="5"> <p class="book_details">C. Albanese and G. Campolieti</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap456"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_4.gif" usemap="#FPMap456" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap457"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_5.gif" usemap="#FPMap457" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2005</td> <td width="90%" class="book_details_tags" align="right" valign="top"> <p align="right"><map name="FPMap458"> <area target="_self" href="../titles/albanese_and_campolieti_(2005).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap458" width="90" height="25" ></td> <td class="book_details_tags" align="right" valign="top"> <script language="JavaScript"> function popUp(URL,NAME) { amznwin=window.open(URL,NAME,'location=yes,scrollbars=yes,status=yes,toolbar=yes,resizable=yes,width=380,height=450,screenX=10,screenY=10,top=10,left=10'); amznwin.focus();} document.open(); document.write("<a href=javascript:popUp('http://buybox.amazon.com/exec/obidos/redirect?tag=contingencyanaly&link_code=xsc&creative=23424&camp=2025&path=/dt/assoc/tg/aa/xml/assoc/-/0120476827/contingencyanaly/ref=ac_bb1_,_amazon')><img border=0 src=../images/pointer_amazon.gif alt='Buy from Amazon.com' ></a>"); document.close(); </script> <noscript> <form method="POST" action="http://buybox.amazon.com/o/dt/assoc/handle-buy-box=0120476827"> <input type="hidden" name="asin.0120476827" value="1"> <input type="hidden" name="tag-value" value="contingencyanaly"> <input type="hidden" name="tag_value" value="contingencyanaly"> <input type="image" name="submit.add-to-cart" value="Buy from Amazon.com" border="0" src="../../../titles/src=images/pointer_amazon.gif"> </form></noscript> </td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">In a crowded field of books on financial engineering, this one determinedly charts its own course. There is nothing out there that is quite like it. The book arose out of the authors' teaching experience. Their philosophy is that financial engineering should be taught in a course with hands-on projects</strong> ... <a href="../titles/albanese_and_campolieti_(2005).htm">Read more</a></td> </tr> </table> </td> </tr> </table> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table35"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap53"> <area coords="0, 0, 131, 199" shape="rect" href="../titles/musiela_and_rutkowski_(2005).htm"> </map> <img border="0" src="../images/book_musiela_and_rutkowski_(2005).gif" usemap="#FPMap53" width="132" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table36"> <tr> <td width="100%"> <p class="book_title">Martingale Methods in Financial Modeling</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table37"> <tr> <td width="100%" colspan="5"> <p class="book_details">Marek Musiela and Marek Rutkowski</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap51"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_4.gif" usemap="#FPMap51" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap52"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_5.gif" usemap="#FPMap52" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2005</td> <td width="90%" class="book_details_tags" align="left" valign="top"> <p align="right"><map name="FPMap468"> <area target="_self" href="../titles/musiela_and_rutkowski_(2005).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap468" width="90" height="25" ></td> <td class="book_details_tags" align="left" valign="top"> <script language="JavaScript"> function popUp(URL,NAME) { amznwin=window.open(URL,NAME,'location=yes,scrollbars=yes,status=yes,toolbar=yes,resizable=yes,width=380,height=450,screenX=10,screenY=10,top=10,left=10'); amznwin.focus();} document.open(); document.write("<a href=javascript:popUp('http://buybox.amazon.com/exec/obidos/redirect?tag=contingencyanaly&link_code=xsc&creative=23424&camp=2025&path=/dt/assoc/tg/aa/xml/assoc/-/3540209662/contingencyanaly/ref=ac_bb1_,_amazon')><img border=0 src=../images/pointer_amazon.gif alt='Buy from Amazon.com' ></a>"); document.close(); </script> <noscript> <form method="POST" action="http://buybox.amazon.com/o/dt/assoc/handle-buy-box=3540209662"> <input type="hidden" name="asin.3540209662" value="1"> <input type="hidden" name="tag-value" value="contingencyanaly"> <input type="hidden" name="tag_value" value="contingencyanaly"> <input type="image" name="submit.add-to-cart" value="Buy from Amazon.com" border="0" src="../../../titles/src=images/pointer_amazon.gif"> </form></noscript> </td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">This is an advanced text on the mathematics of financial engineering. It grew out of courses taught by the authors and is now in its second edition. The book is divided into two parts. The first discusses financial engineering theory generally, focusing on complete markets. The second part delves into interest rate models, with detailed discussions of single factor models and the more recent HJM "market models"</strong> ... <a href="../titles/musiela_and_rutkowski_(2005).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> </div> </div> </div> <div align="center"> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table38"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap477"> <area href="../titles/detemple_jerome_(2006).htm" shape="rect" coords="0, 0, 132, 199"> </map> <img border="0" src="../images/book_detemple_jerome_(2006).gif" width="133" height="200" usemap="#FPMap477"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table39"> <tr> <td width="100%"> <p class="book_title">American-Style Derivatives<br> <font size="3">Valuation and Computation</font></td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table40"> <tr> <td width="100%" colspan="5"> <p class="book_details">Jerome Detemple</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap478"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_5.gif" width="90" height="16" usemap="#FPMap478"></td> <td width="25" class="book_details_tags"> <map name="FPMap479"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_5.gif" width="90" height="16" usemap="#FPMap479"></td> <td width="25" class="book_details_tags"> 2005</td> <td width="90%" class="book_details_tags" align="right" valign="top"> <p align="right"><map name="FPMap480"> <area target="_self" href="../titles/detemple_jerome_(2006).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap480" width="90" height="25" ></td> <td class="book_details_tags" align="right" valign="top"> <script language="JavaScript"> function popUp(URL,NAME) { amznwin=window.open(URL,NAME,'location=yes,scrollbars=yes,status=yes,toolbar=yes,resizable=yes,width=380,height=450,screenX=10,screenY=10,top=10,left=10'); amznwin.focus();} document.open(); document.write("<a href=javascript:popUp('http://buybox.amazon.com/exec/obidos/redirect?tag=contingencyanaly&link_code=xsc&creative=23424&camp=2025&path=/dt/assoc/tg/aa/xml/assoc/-/158488567X/contingencyanaly/ref=ac_bb1_,_amazon')><img border=0 src=../images/pointer_amazon.gif alt='Buy from Amazon.com' ></a>"); document.close(); </script> <noscript> <form method="POST" action="http://buybox.amazon.com/o/dt/assoc/handle-buy-box=158488567X"> <input type="hidden" name="asin.158488567X" value="1"> <input type="hidden" name="tag-value" value="contingencyanaly"> <input type="hidden" name="tag_value" value="contingencyanaly"> <input type="image" name="submit.add-to-cart" value="Buy from Amazon.com" border="0" src="../../../titles/src=images/pointer_amazon.gif"> </form></noscript> </td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">American style derivatives are options and other derivatives that can be exercised any time prior to expiration. Valuation of such derivatives is complicated by the potential for early exercise and the fact that early exercise will depend on the intrinsic value of the derivative exceeding its market value. So the current market value depends on possible early exercise, which depends on future market values </strong>... <a href="../titles/detemple_jerome_(2006).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table41"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap7"> <area href="../titles/bingham_and_kiesel_(2004).htm" shape="rect" coords="0, 0, 133, 199"> </map> <img border="0" src="../images/book_bingham_and_kiesel.gif" usemap="#FPMap7" width="134" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table42"> <tr> <td width="100%"> <p class="book_title">Risk Neutral Valuation</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table43"> <tr> <td width="100%" colspan="5"> <p class="book_details">N. H. Bingham and Rudiger Kiesel</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap453"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_6.gif" usemap="#FPMap453" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap6"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_5.gif" usemap="#FPMap6" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2004</td> <td width="90%" class="book_details_tags" align="right" valign="top"> <p align="right"><map name="FPMap454"> <area target="_self" href="../titles/bingham_and_kiesel_(2004).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap454" width="90" height="25" ></td> <td class="book_details_tags" align="right" valign="top"> <script language="JavaScript"> function popUp(URL,NAME) { amznwin=window.open(URL,NAME,'location=yes,scrollbars=yes,status=yes,toolbar=yes,resizable=yes,width=380,height=450,screenX=10,screenY=10,top=10,left=10'); amznwin.focus();} document.open(); document.write("<a href=javascript:popUp('http://buybox.amazon.com/exec/obidos/redirect?tag=contingencyanaly&link_code=xsc&creative=23424&camp=2025&path=/dt/assoc/tg/aa/xml/assoc/-/1852334584/contingencyanaly/ref=ac_bb1_,_amazon')><img border=0 src=../images/pointer_amazon.gif alt='Buy from Amazon.com' ></a>"); document.close(); </script> <noscript> <form method="POST" action="http://buybox.amazon.com/o/dt/assoc/handle-buy-box=1852334584"> <input type="hidden" name="asin.1852334584" value="1"> <input type="hidden" name="tag-value" value="contingencyanaly"> <input type="hidden" name="tag_value" value="contingencyanaly"> <input type="image" name="submit.add-to-cart" value="Buy from Amazon.com" border="0" src="../../../titles/src=images/pointer_amazon.gif"> </form></noscript> </td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">Authors of financial engineering texts face a quandary: how technical to make a book? It is easy to alienate readers by being too technical, but it is just as easy to write a fluff book that communicates nothing of substance. With this book, authors Bingham and Kiesel have got the balance just right</strong> ... <a href="../titles/bingham_and_kiesel_(2004).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table44"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap469"> <area href="../titles/elliott_and_kopp_(2004).htm" shape="rect" coords="0, 0, 131, 199"> </map> <img border="0" src="../images/book_elliott_and_kopp_(2004).gif" usemap="#FPMap469" width="132" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table45"> <tr> <td width="100%"> <p class="book_title">Mathematics of Financial Markets</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table46"> <tr> <td width="100%" colspan="5"> <p class="book_details">R. Elliott and P. Kopp</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap470"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_5.gif" usemap="#FPMap470" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap471"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_5.gif" usemap="#FPMap471" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2004</td> <td width="90%" class="book_details_tags" align="right" valign="top"> <p align="right"><map name="FPMap472"> <area target="_self" href="../titles/elliott_and_kopp_(2004).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap472" width="90" height="25" ></td> <td class="book_details_tags" align="right" valign="top"> <script language="JavaScript"> function popUp(URL,NAME) { amznwin=window.open(URL,NAME,'location=yes,scrollbars=yes,status=yes,toolbar=yes,resizable=yes,width=380,height=450,screenX=10,screenY=10,top=10,left=10'); amznwin.focus();} document.open(); document.write("<a href=javascript:popUp('http://buybox.amazon.com/exec/obidos/redirect?tag=contingencyanaly&link_code=xsc&creative=23424&camp=2025&path=/dt/assoc/tg/aa/xml/assoc/-/0387212922/contingencyanaly/ref=ac_bb1_,_amazon')><img border=0 src=../images/pointer_amazon.gif alt='Buy from Amazon.com' ></a>"); document.close(); </script> <noscript> <form method="POST" action="http://buybox.amazon.com/o/dt/assoc/handle-buy-box=0387212922"> <input type="hidden" name="asin.0387212922" value="1"> <input type="hidden" name="tag-value" value="contingencyanaly"> <input type="hidden" name="tag_value" value="contingencyanaly"> <input type="image" name="submit.add-to-cart" value="Buy from Amazon.com" border="0" src="../../../titles/src=images/pointer_amazon.gif"> </form></noscript> </td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">A number of books have been published for graduate math courses in financial engineering. This is one of them. It adopts a fairly standard approach of introducing topics in discrete time and then returning to cover them in more generality in continuous time.</strong> ... <a href="../titles/elliott_and_kopp_(2004).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <div align="center"> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table47"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap5"> <area href="../titles/shreve_s_2_(2004).htm" shape="rect" coords="0, 0, 132, 199"> </map> <img border="0" src="../images/book_shreve_s_2_(2004).gif" usemap="#FPMap5" width="133" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table48"> <tr> <td width="100%"> <p class="book_title">Stochastic Calculus for Finance<br> <font size="3">Volume 2</font></td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table49"> <tr> <td width="100%" colspan="5"> <p class="book_details">Steven Shreve</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap443"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_4.gif" usemap="#FPMap443" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap4"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_5.gif" usemap="#FPMap4" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2004</td> <td width="90%" class="book_details_tags" align="right" valign="top"> <p align="right"><map name="FPMap444"> <area target="_self" href="../titles/shreve_s_2_(2004).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap444" width="90" height="25" ></td> <td class="book_details_tags" align="right" valign="top"> <script language="JavaScript"> function popUp(URL,NAME) { amznwin=window.open(URL,NAME,'location=yes,scrollbars=yes,status=yes,toolbar=yes,resizable=yes,width=380,height=450,screenX=10,screenY=10,top=10,left=10'); amznwin.focus();} document.open(); document.write("<a href=javascript:popUp('http://buybox.amazon.com/exec/obidos/redirect?tag=contingencyanaly&link_code=xsc&creative=23424&camp=2025&path=/dt/assoc/tg/aa/xml/assoc/-/0387401016/contingencyanaly/ref=ac_bb1_,_amazon')><img border=0 src=../images/pointer_amazon.gif alt='Buy from Amazon.com' ></a>"); document.close(); </script> </td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body">This is the second volume of a two-volume introduction to financial engineering. <a href="../titles/shreve_s_1_(2004).htm"> Volume I</a> covers concepts in discrete time. This second volume is the meat of the subject, covering the mathematics and application of financial engineering in continuous time. While not absolutely necessary, it will be helpful to read Volume I before taking on Volume II ... <a href="../titles/shreve_s_2_(2004).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> </div> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table50"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap269"> <area href="../titles/nielsen_l_(1999).htm" shape="rect" coords="0, 0, 132, 199"> </map> <img border="0" src="../images/book_nielsen.jpg" usemap="#FPMap269" width="133" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table51"> <tr> <td width="100%"> <p class="book_title">Pricing and Hedging of Derivative Securities </td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table52"> <tr> <td width="100%" colspan="5"> <p class="book_details">Lars Tyge Nielsen</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap264"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_5.gif" usemap="#FPMap264" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap268"> <area coords="1, 0, 89, 15" shape="rect" href="../main/ratings.htm"> </map><img border="0" src="../images/tech_5.gif" usemap="#FPMap268" width="90" height="16"></td> <td width="25" class="book_details_tags"> 1999</td> <td width="90%" class="book_details_tags" align="right" valign="top"> <p align="right"><map name="FPMap285"> <area target="_self" href="../titles/nielsen_l_(1999).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap285" width="90" height="25" ></td> <td class="book_details_tags" align="right" valign="top"> <script language="JavaScript"> function popUp(URL,NAME) { amznwin=window.open(URL,NAME,'location=yes,scrollbars=yes,status=yes,toolbar=yes,resizable=yes,width=380,height=450,screenX=10,screenY=10,top=10,left=10'); amznwin.focus();} document.open(); document.write("<a href=javascript:popUp('http://buybox.amazon.com/exec/obidos/redirect?tag=contingencyanaly&link_code=xsc&creative=23424&camp=2025&path=/dt/assoc/tg/aa/xml/assoc/-/0198776195/contingencyanaly/ref=ac_bb1_,_amazon')><img border=0 src=../images/pointer_amazon.gif alt='Buy from Amazon.com' ></a>"); document.close(); </script> <noscript> <form method="POST" action="http://buybox.amazon.com/o/dt/assoc/handle-buy-box=0198776195"> <input type="hidden" name="asin.0198776195" value="1"> <input type="hidden" name="tag-value" value="contingencyanaly"> <input type="hidden" name="tag_value" value="contingencyanaly"> <input type="image" name="submit.add-to-cart" value="Buy from Amazon.com" border="0" src="src=images/pointer_amazon.gif"> </form></noscript> </td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body">If you want to learn the "stochastic calculus approach" to financial engineering, Nielsen is an excellent text. This isn't an intuitive watered-down treatment. It is formal and meticulous for readers who want to really master the material ... <a href="../titles/nielsen_l_(1999).htm">Read more</a></td> </tr> </table> </td> </tr> </table> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table53"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap3"> <area coords="0, 0, 131, 199" shape="rect" href="../titles/lamberton_and_lapeyre_1996.htm"> </map> <img border="0" src="../images/book_lamberton_and_lapeyre_2000.gif" usemap="#FPMap3" width="132" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table54"> <tr> <td width="100%"> <p class="book_title"><font size="2">Introduction to</font><br> Stochastic Calculus Applied to Finance</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table55"> <tr> <td width="100%" colspan="6"> <p class="book_details">D. Lamberton and B. Lapeyre</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap296"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_5.gif" usemap="#FPMap296" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap297"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_5.gif" usemap="#FPMap297" width="90" height="16"></td> <td width="25" class="book_details_tags"> 1996</td> <td width="45%" class="book_details_tags" align="right" valign="top"> <p align="right"><map name="FPMap298"> <area target="_self" href="../titles/lamberton_and_lapeyre_1996.htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap298" width="90" height="25" ></td> <td width="45%" class="book_details_tags" align="right" valign="top">  </td> <td class="book_details_tags" align="right" valign="top"> <script language="JavaScript"> function popUp(URL,NAME) { amznwin=window.open(URL,NAME,'location=yes,scrollbars=yes,status=yes,toolbar=yes,resizable=yes,width=380,height=450,screenX=10,screenY=10,top=10,left=10'); amznwin.focus();} document.open(); document.write("<a href=javascript:popUp('http://buybox.amazon.com/exec/obidos/redirect?tag=contingencyanaly&link_code=xsc&creative=23424&camp=2025&path=/dt/assoc/tg/aa/xml/assoc/-/0412718006/contingencyanaly/ref=ac_bb1_,_amazon')><img border=0 src=../images/pointer_amazon.gif alt='Buy from Amazon.com' ></a>"); document.close(); </script> </td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body">Expertly translated from the original French by N. Rabeau and F. Mantion, this was one of the first advanced books to fully embraced the "stochastic calculus" approach to financial engineering. It doesn't ignore the "differential equations" approach. It actually has an excellent chapter on that perspective that is well integrated into the rest of the book ... <a href="../titles/lamberton_and_lapeyre_1996.htm"> Read more</a></td> </tr> </table> </td> </tr> </table> </div> <table border="0" cellpadding="10" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="468" id="table56"> <tr> <td> <script type="text/javascript"></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td></tr> </table> </div> </td> <td bgcolor="#FFFFFF">  </td> </tr> </table> </div> <div align="center"> <center> <table border="0" cellpadding="10" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table57"> <tr> <td width="50%" bgcolor="#FFFFCC" align="center" valign="top"> <script type="text/javascript"></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td><td width="50%" bgcolor="#CCCCFF" align="center"> <div align="center"> <center> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" id="table58"> <tr> <td> <p class="body" style="margin-bottom: 6; margin-left:5; margin-top:5"><b> <font color="#333366" size="3">For related books, also see sections:</font></b></p> <p class="bullet_line_space" style="margin-left: 5"> <img border="0" src="../images/bullet.gif" width="20" height="10"><a target="_top" href="../link_topic/financial_engineering_basic.htm">Financial Engineering - Basic Theory</a></p> <p class="bullet_line_space" style="margin-left: 5"> <img border="0" src="../images/bullet.gif" width="20" height="10"><a target="_top" href="../link_topic/financial_engineering_modeling_volatility.htm">Financial Engineering - Modeling Volatility</a></p> <p class="bullet_line_space" style="margin-left: 5"> <img border="0" src="../images/bullet.gif" width="20" height="10"><a target="_top" href="../link_topic/financial_engineering_numerical_methods.htm">Financial Engineering - Numerical Methods</a></p> <p class="bullet_line_space" style="margin-left: 5"> <img border="0" src="../images/bullet.gif" width="20" height="10"><a target="_top" href="../link_topic/finance_general.htm">Finance - General</a></p> <p class="bullet_line_space" style="margin-left: 5"> <img border="0" src="../images/bullet.gif" width="20" height="10"><a target="_top" href="../link_topic/math_stochastic_calculus.htm">Mathematics - Stochastic Calculus</a></p> </td> </tr> </table> </center> </div> </td> </tr> </table> <table border="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" cellpadding="10" bgcolor="#FFFFCC" id="table59"> <tr> <td width="100%">  <table border="0" style="border-collapse: collapse" width="100%" cellpadding="0" id="table1" bgcolor="#FFFFFF"> <tr> <td colspan="2" height="12"> <p style="margin-top: 0"> </td> </tr> <tr> <td align="right"> <p align="left" style="margin-bottom: 2px"> <a target="_top" href="http://www.riskexpertise.com/link/advertising.htm"> <font size="1" color="#000000" face="Arial">Ads by Contingency Analysis.</font></a></td> <td align="left"> <p align="right" style="margin-bottom: 2px"> <a target="_top" href="http://www.riskexpertise.com/link/advertising.htm"> <font size="1" color="#000000" face="Arial">Advertise on this site.</font></a></td> </tr> <tr> <td align="center" colspan="2">  <iframe src="http://servedbyadbutler.com/adserve/;ID=147917;size=300x250;setID=93136;type=iframe" allowtransparency="true" background-color="transparent" style="margin: 0px; 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