A Benchmark Approach to Quantitative Finance

Viac o knihe

The book introduces quantitative finance, emphasizing its significance for risk managers and investors in today's financial landscape. It covers the mathematical frameworks essential for financial modeling, derivative pricing, portfolio selection, and risk management. A unique aspect of the text is its benchmark approach to risk and performance management, which contrasts with traditional methods. By utilizing the growth optimal portfolio as a numeraire and the real-world probability measure for pricing, it aims to equip financial institutions and corporations with essential expertise in this evolving field.