Free PDF Pricing Derivative Securities: An Interactive, Dynamic Environment with Maple V and Matlab, by Eliezer Z. Prisman
Book fans, when you require a new book to review, locate the book Pricing Derivative Securities: An Interactive, Dynamic Environment With Maple V And Matlab, By Eliezer Z. Prisman here. Never ever stress not to find just what you need. Is the Pricing Derivative Securities: An Interactive, Dynamic Environment With Maple V And Matlab, By Eliezer Z. Prisman your required book currently? That holds true; you are truly a good visitor. This is an ideal book Pricing Derivative Securities: An Interactive, Dynamic Environment With Maple V And Matlab, By Eliezer Z. Prisman that originates from great writer to show to you. The book Pricing Derivative Securities: An Interactive, Dynamic Environment With Maple V And Matlab, By Eliezer Z. Prisman supplies the most effective encounter and lesson to take, not just take, yet also discover.
Pricing Derivative Securities: An Interactive, Dynamic Environment with Maple V and Matlab, by Eliezer Z. Prisman
Free PDF Pricing Derivative Securities: An Interactive, Dynamic Environment with Maple V and Matlab, by Eliezer Z. Prisman
Exactly how if your day is begun by reviewing a publication Pricing Derivative Securities: An Interactive, Dynamic Environment With Maple V And Matlab, By Eliezer Z. Prisman Yet, it is in your device? Everyone will certainly constantly touch and also us their gadget when getting up and also in morning tasks. This is why, we mean you to likewise check out a publication Pricing Derivative Securities: An Interactive, Dynamic Environment With Maple V And Matlab, By Eliezer Z. Prisman If you still perplexed the best ways to get the book for your device, you can comply with the means right here. As right here, we provide Pricing Derivative Securities: An Interactive, Dynamic Environment With Maple V And Matlab, By Eliezer Z. Prisman in this web site.
If you desire actually get the book Pricing Derivative Securities: An Interactive, Dynamic Environment With Maple V And Matlab, By Eliezer Z. Prisman to refer now, you need to follow this web page consistently. Why? Keep in mind that you require the Pricing Derivative Securities: An Interactive, Dynamic Environment With Maple V And Matlab, By Eliezer Z. Prisman resource that will give you ideal expectation, do not you? By visiting this web site, you have started to make new deal to always be up-to-date. It is the first thing you could start to get all benefits from remaining in a website with this Pricing Derivative Securities: An Interactive, Dynamic Environment With Maple V And Matlab, By Eliezer Z. Prisman and also various other collections.
From currently, locating the finished site that sells the completed books will certainly be lots of, yet we are the trusted site to go to. Pricing Derivative Securities: An Interactive, Dynamic Environment With Maple V And Matlab, By Eliezer Z. Prisman with easy web link, simple download, and also completed book collections become our better solutions to obtain. You could locate and also utilize the perks of picking this Pricing Derivative Securities: An Interactive, Dynamic Environment With Maple V And Matlab, By Eliezer Z. Prisman as everything you do. Life is always developing and you need some new book Pricing Derivative Securities: An Interactive, Dynamic Environment With Maple V And Matlab, By Eliezer Z. Prisman to be recommendation consistently.
If you still require more publications Pricing Derivative Securities: An Interactive, Dynamic Environment With Maple V And Matlab, By Eliezer Z. Prisman as references, going to browse the title and theme in this website is offered. You will certainly find even more great deals publications Pricing Derivative Securities: An Interactive, Dynamic Environment With Maple V And Matlab, By Eliezer Z. Prisman in different self-controls. You could likewise as quickly as possible to check out guide that is currently downloaded and install. Open it as well as conserve Pricing Derivative Securities: An Interactive, Dynamic Environment With Maple V And Matlab, By Eliezer Z. Prisman in your disk or device. It will alleviate you anywhere you need guide soft file to review. This Pricing Derivative Securities: An Interactive, Dynamic Environment With Maple V And Matlab, By Eliezer Z. Prisman soft file to check out can be reference for everyone to boost the skill as well as capability.
Pricing derivatives theory comes alive in this self-contained interactive experience in financial pricing. The no-arbitrage perspective in a one-period state-preference model drives the book, and the Maple� and Matlab� programs help readers visualize payoffs and respond to various constraints and conditions. With clear explanations and lavish illustrations, Pricing Derivative Securities: An Interactive, Dynamic Environment with Maple V and Matlab teaches the core theoretical concepts so often disguised behind difficult terms and institutional details.
Readers can experiment with the electronic packages forever, using the book and its solutions manual as a tutorial that can help solve problems of increasing complexity.
Key Features
* Enclosed CD-ROM includes the student version of Maple V; it provides an interactive, dynamic and friendly environment allowing students to learn through hands on experience
* Enhances learning by altering the commands in the on-line files, varying them at will, in order to experiment with applications of the concepts and different (reader-generated) examples, in addition to the ones already in the prepared file
* Provides both the framework and the tools, based on the no free lunch concept, by which readers can analyze and appreciate different scenarios, including those that are not covered in the book, related to derivative securities
* Basic concepts of stochastic calculus are enriched with demonstrations using animation, simulation and three-dimensional graphs thereby overcoming mathematical complexity
* The MATLAB� Graphic User Interface provides the ability to bring to life on the screen the theoretical material of the chapters
- Sales Rank: #4769519 in Books
- Published on: 2000-09-28
- Original language: English
- Number of items: 1
- Dimensions: 1.54" h x 6.30" w x 9.27" l,
- Binding: Hardcover
- 756 pages
Review
Prepublication Praise
"This treatment of derivative pricing will make a fine textbook for a masters-level finance course, or a reference work for practitioners. Prisman's novel presentation combines software, algorithms, and analytical modeling, emphasizing visualization of the pricing. This book makes it possible to develop both a solid conceptual foundation for derivatives modeling as well as a working knowledge suitable for numerical implementation."
--DARRELL DUFFIE, Stanford University, California
"By using two of the software packages most widely used in industry, Professor Prisman's book should prove to be of great value to both students and practitioners."
--PETER CARR, Principal, Banc of America Securities, New York
From the Back Cover
Pricing derivatives theory comes alive in this self-contained interactive experience in financial pricing. The no-arbitrage perspective in a one-period state-preference model drives the book, and the Maple and Matlab programs help readers visualize payoffs and respond to various constraints and conditions. With clear explanations and lavish illustrations, Pricing Derivative Securities: An Interactive, Dynamic Environment with Maple V and Matlab teaches the core theoretical concepts so often disguised behind difficult terms and institutional details.
Readers can experiment with the electronic packages forever, using the book and its solutions manual as a tutorial that can help solve problems of increasing complexity.
Prepublication Praise
"This treatment of derivative pricing will make a fine textbook for a masters-level finance course, or a reference work for practitioners. Prisman's novel presentation combines software, algorithms, and analytical modeling, emphasizing visualization of the pricing. This book makes it possible to develop both a solid conceptual foundation for derivatives modeling as well as a working knowledge suitable for numerical implementation."
—Darrell Duffie, STANFORD UNIVERSITY, CALIFORNIA
"By using two of the software packages most widely used in industry, Professor Prisman's book should prove to be of great value to both students and practitioners."
—:Peter Carr, Principal, BANC OF AMERICA SECURITIES, NEW YORK
About the Author
Eliezer Z. Prisman holds the Nigel Martin Chair in Finance and is the Director of the Financial Engineering collaborative diploma at the Schulich School of Business, York University, Toronto. He received a BA in Economics and Statistics from the Hebrew University of Jerusalem, and an M.Sc. and D.Sc. in Operations Research from the Technion Institute of Technology, Israel. Professor Prisman has held positions as Assistant Professor of Management Science at Georgia Institute of Technology, Assistant Professor of Finance at Arizona State University and Senior Lecturer in Economics at Bar Ilan University. His research area includes optimization and its use in Finance and Financial Engineering, arbitrage pricing in markets with taxes and transaction costs, financial innovation and the use of symbolic computation in financial engineering for commercial, mathematical and academic purposes. Professor Prisman has published numerous papers in journals such as The Journal of Economic Theory, Mathematical Programming, Journal of Financial and Quantitative Analysis, The Journal of Finance, Journal of Banking and Finance and Management Science.
Most helpful customer reviews
42 of 45 people found the following review helpful.
Pricing Derivative Securities if You Can't Program at All
By Jennifer L. Voitle
Based on the title and description of this book, I bought it hoping to learn more about developing financial tools, specifically interest rate models, in Matlab. After working through most of the book, I have concluded that the use of the name "Matlab" in the title is misleading: it only means that Maple, the main tool of the book, may be accessed via the kernel of Matlab.
The book appears to be targeted primarily at undergraduates and MBA students, not practitioners in the field. Such an audience may have little interest (or need) in learning to develop code or the intricacies of the underlying mechanics of financial models, and for them, the book would no doubt be very helpful. The software that comes with the book includes a stripped down version of Maple, (which is nice, since you can't really use the book without it), and author-developed analytical tools. These tools support the goals of learning through the ability to quickly vary inputs and see the impact on the output, but as they are more or less a black-box, do not add much to one's independent ability to model new financial objects or extend existing ones.
The book includes the de rigueur definitions of typical financial instruments and explanations that facilitate understanding of these instruments (such as how to read and understand option data in newspapers, the mechanics of currency swaps and so on), but one really has to follow along with the Maple commands page by page to derive benefit. The fixed income section is very skimpy. It seems like the book is best suited as an extended set of lecture notes.
I like the book but would not recommend it to practioners looking for insight on tool development or to extend knowledge of cutting edge interest rate models (as these are not covered here). I would recommend it for newcomers to the field having mathematical or quantitative backgrounds who want a reasonably good introduction to financial instruments. It would also be useful as a companion text in master's programs in financial engineering or financial mathematics. Derivatives and Maple with training wheels.
5 of 6 people found the following review helpful.
Pricing Derivative Securities
By A Customer
For when life throws you that derivative that you just can't look up in some book...
This book provides the building blocks on both the practical and theoretical levels that one needs to price derivatives. The book provides an essential combination of three things: 1) clear explanations and examples of fundamental concepts, 2) a hands on approach to software and pricing algorithms, and 3) emphasis on graphic visualization in understanding the behavior of derivatives in general. While clearly a textbook for a Master's level course, from the point of view of a practitioner, this book has also become my first reference source at the office for those times when I can't just look up the answer, and have to resort to first principles.
6 of 8 people found the following review helpful.
Not sure who this book is for
By Amazon Customer
This book is far too advanced for undergrads or even MBA students. It's not really an introductory book on derivative pricing, but is an excellent supplementary book to, say, Hull's text ("Options, Futures, and Other Derivatives").
This text provides a solid foundation for considering any derivative security in a no-arbitrage market. It then goes on to cover the Black-Scholes model and derivative pricing based on the price distribution of the underlying.
Here's an anicdote from my experience: I wanted to learn the fundamentals of a (Cox-Ross-Rubenstein) binomial pricing model. I opened up the Prisman book and was thoroughly confused with what I understood to be a pretty simple model. The text referenced previous chapters, which referenced previous chapters - you get the picture. It was very unreadable. I then opened up a Hull text and in 3 pages I had a full and sound understanding of a simple binomial model. (-1 star)
I agree with a previous review that "Matlab" has no place in the book's description, let alone in the title. I am a long time Matlab user. There is no Matlab code in this book, no Matlab CD, and the Maple CD that's included cannot be used with an existing Matlab license! (-1 star)
I have also come across a few serious typos in equations that make this text a subpar publication. (-1 star)
Pricing Derivative Securities: An Interactive, Dynamic Environment with Maple V and Matlab, by Eliezer Z. Prisman PDF
Pricing Derivative Securities: An Interactive, Dynamic Environment with Maple V and Matlab, by Eliezer Z. Prisman EPub
Pricing Derivative Securities: An Interactive, Dynamic Environment with Maple V and Matlab, by Eliezer Z. Prisman Doc
Pricing Derivative Securities: An Interactive, Dynamic Environment with Maple V and Matlab, by Eliezer Z. Prisman iBooks
Pricing Derivative Securities: An Interactive, Dynamic Environment with Maple V and Matlab, by Eliezer Z. Prisman rtf
Pricing Derivative Securities: An Interactive, Dynamic Environment with Maple V and Matlab, by Eliezer Z. Prisman Mobipocket
Pricing Derivative Securities: An Interactive, Dynamic Environment with Maple V and Matlab, by Eliezer Z. Prisman Kindle
No comments:
Post a Comment