Download Monte Carlo Simulation and Finance, by Don L. McLeish
Well, e-book Monte Carlo Simulation And Finance, By Don L. McLeish will make you closer to what you are ready. This Monte Carlo Simulation And Finance, By Don L. McLeish will certainly be always good close friend at any time. You may not forcedly to consistently complete over reviewing a book in other words time. It will certainly be just when you have leisure as well as spending couple of time to make you really feel satisfaction with what you review. So, you could obtain the definition of the notification from each sentence in guide.
Monte Carlo Simulation and Finance, by Don L. McLeish
Download Monte Carlo Simulation and Finance, by Don L. McLeish
Monte Carlo Simulation And Finance, By Don L. McLeish Just how an easy idea by reading can improve you to be an effective person? Checking out Monte Carlo Simulation And Finance, By Don L. McLeish is a quite straightforward task. Yet, exactly how can many individuals be so careless to review? They will certainly favor to spend their spare time to talking or hanging around. When actually, reviewing Monte Carlo Simulation And Finance, By Don L. McLeish will certainly provide you a lot more opportunities to be successful finished with the hard works.
The benefits to take for reviewing the publications Monte Carlo Simulation And Finance, By Don L. McLeish are pertaining to enhance your life quality. The life high quality will not simply regarding just how much knowledge you will certainly get. Even you read the fun or entertaining books, it will aid you to have boosting life quality. Really feeling enjoyable will lead you to do something completely. Additionally, the book Monte Carlo Simulation And Finance, By Don L. McLeish will give you the session to take as a good factor to do something. You may not be ineffective when reading this e-book Monte Carlo Simulation And Finance, By Don L. McLeish
Don't bother if you don't have sufficient time to go to guide shop and search for the favourite e-book to review. Nowadays, the online publication Monte Carlo Simulation And Finance, By Don L. McLeish is pertaining to offer ease of reading routine. You might not need to go outside to search the e-book Monte Carlo Simulation And Finance, By Don L. McLeish Searching and also downloading and install the book entitle Monte Carlo Simulation And Finance, By Don L. McLeish in this write-up will offer you much better solution. Yeah, on the internet book Monte Carlo Simulation And Finance, By Don L. McLeish is a type of electronic book that you can enter the link download supplied.
Why ought to be this online e-book Monte Carlo Simulation And Finance, By Don L. McLeish You could not require to go somewhere to check out the e-books. You can read this e-book Monte Carlo Simulation And Finance, By Don L. McLeish every single time and every where you want. Also it is in our leisure or sensation bored of the jobs in the office, this corrects for you. Obtain this Monte Carlo Simulation And Finance, By Don L. McLeish now and be the quickest individual that completes reading this e-book Monte Carlo Simulation And Finance, By Don L. McLeish
Monte Carlo methods have been used for decades in physics, engineering, statistics, and other fields. Monte Carlo Simulation and Finance explains the nuts and bolts of this essential technique used to value derivatives and other securities. Author and educator Don McLeish examines this fundamental process, and discusses important issues, including specialized problems in finance that Monte Carlo and Quasi-Monte Carlo methods can help solve and the different ways Monte Carlo methods can be improved upon.
This state-of-the-art book on Monte Carlo simulation methods is ideal for finance professionals and students. Order your copy today.
- Sales Rank: #2869995 in Books
- Published on: 2005-04-01
- Original language: English
- Number of items: 1
- Dimensions: 9.35" h x 1.20" w x 6.35" l, 1.50 pounds
- Binding: Hardcover
- 387 pages
Review
"...a very useful guide..." (Zentralblatt MATH, 1117)
From the Inside Flap
"The advanced theory of finance, like many other areas in which complex mathematics plays an important part, is undergoing a revolution aided by the computer and the proliferation of powerful simulation and symbolic mathematical tools. This is the mathematical equivalent of the invention of the printing press. The numerical and computational power once reserved for the most highly trained mathematicians, scientists, and engineers is now available to any competent programmer. "
—From Chapter 1
Monte Carlo simulation methods are among the most powerful and broadly applicable tools available for valuing derivatives and other financial securities. Recent exponential increases in the power and speed of computers have greatly expanded the scope, efficiency, and accuracy of Monte Carlo simulations, leading to the need for a comprehensive and thoroughly updated reference on the use of Monte Carlo techniques for financial engineering and modeling.
Monte Carlo Simulation and Finance provides financial engineers, researchers, and students with today's most detailed and application-based examination of Monte Carlo modeling techniques. Filled with valuable insights and methodologies for formulating the problem at hand; setting specific objectives; choosing and implementing the most applicable model; determining parameters; running the simulation; and documenting results and conclusions in light of the simulation results, the book features:
- Techniques for using performance measures to calibrate a simulation model
- Methodologies for addressing survivorship bias
- Variance reduction in simulation
- Importance sampling and pricing exotic options, including Asian options and Barrier options
- Pricing options under alternative, more realistic models
- Quasi–Monte Carlo multiple integration methods, which often generate estimates superior to traditional Monte Carlo methods
- Examples of van der Corput, Halton, Faure, and Sobol low-discrepancy sequences
- Chapter-ending problems that both test newly acquired knowledge and suggest avenues for further exploration
- An insightful discussion of the future of Monte Carlo financial simulation
Monte Carlo Simulation and Finance is an essential reference for anyone, professional or academic, looking to design and implement accurate models for securities pricing and risk management. Further theoretical and mathematical information supporting theconcepts discussed throughout this book also appear in an online appendix at www.wiley.com/go/mcleish. Today's most up-to-date and results-based guide to this vital area, Monte Carlo Simulation and Finance is certain to set the standard for Monte Carlo reference texts throughout the remainder of this decade.
From the Back Cover
Praise for MONTE CARLO SIMULATION & FINANCE
"Dr. McLeish's clear exposition of simulation methods and their application to a wide variety of practical financial problems, along with the enlightening exercise problems, make this text perfectly suited for use at both the senior undergraduate and graduate levels. As a reference, this refreshing volume will be a handy aid for researchers and practitioners in constructing complex financial simulations and in using sound, statistical techniques to evaluate the output. This book is a valuable and important contribution to an increasingly vital area of quantitative finance."
—R. Mark Reesor, SHARCNet Research Chair in Financial Mathematics Department of Applied Mathematics, University of Western Ontario
"This book fills an important niche in a rapidly growing and very topical subject area. Both teachable and highly readable, this book is pitched at just the right level for anyone seeking to learn about this subject. The thoughtful choice of topics covered is greatly enhanced by very useful sets of exercises appearing at the back of each chapter."
—Andrey Feuerverger, Professor of Statistics and Instructor in the Mathematical Finance Program University of Toronto
"Excellent source of information on topics rarely covered elsewhere. The book not only explicates Monte Carlo techniques but also is full of stimulating insights that reflect the wealth of experience Don McLeish has in statistical methods."
—Adam Kolkiewicz, Associate Professor Department of Statistics and Actuarial Science, University of Waterloo
Most helpful customer reviews
4 of 5 people found the following review helpful.
Contents are good, typos are terrible.
By J. Ma
I have an advanced degree from physics, and found that the contents in this book are well balanced between mathematics and physical models. The author definitely knows how to cut short at various points where very advanced math is needed. Instead, the author smartly explained only some fast results or theorems. This makes them very easy to go through, and lets readers focus on the models instead of rigorous math. The MATLAB codes are helpful as well. Problems are well designed too.
Downsides: Typos are terrible. In a few pages, typos make it impossible to read. Also, at several points, the author used very confusing symbols, such as he used "j" for the maturity time of option (pg 108). Also, in some sections, the logic of writing was very vigorous, i.e., you will read some results without knowing what they are here for, but you will see that they are used at the end of the section. Then you have to come back to the beginning and go through the whole section quickly to organize the content in a correct order in your head.
In conclusion, I will NOT recommend this book if you have other choices.
1 of 1 people found the following review helpful.
Decent textbook
By Amazon Customer
It was a textbook I needed. Worked fine.
Monte Carlo Simulation and Finance, by Don L. McLeish PDF
Monte Carlo Simulation and Finance, by Don L. McLeish EPub
Monte Carlo Simulation and Finance, by Don L. McLeish Doc
Monte Carlo Simulation and Finance, by Don L. McLeish iBooks
Monte Carlo Simulation and Finance, by Don L. McLeish rtf
Monte Carlo Simulation and Finance, by Don L. McLeish Mobipocket
Monte Carlo Simulation and Finance, by Don L. McLeish Kindle
Tidak ada komentar:
Posting Komentar