 |
GetTextbooks.co.uk
Compare Prices & Save up to 90% |
|
|
|
| Login | Sign up | My Wish List |
 | | Paul Wilmott on Quantitative Finance, 2 Volume Set by Paul Wilmott ISBN-10: 9780471874386 ISBN-10: 0-471-87438-8 ISBN-13: 9780471874386 ISBN-13: 978-0-471-87438-6 Hardcover 2000-01-15 John Wiley & Sons Find Lowest Price |
Editorials | ||
Product Description The only comprehensive reference encompassing both traditional and new derivatives and financial engineering techniques Based on the author's hugely successful Derivatives: The Theory and Practice of Financial Engineering, Paul Wilmott on Quantitative Finance is the definitive guide to derivatives and related financial products. In addition to fully updated and expanded coverage of all the topics covered in the first book, this two-volume set also includes sixteen entirely new chapters covering such crucial areas as stochastic control and derivatives, utility theory, stochastic volatility and utility, mortgages, real options, power derivatives, weather derivatives, insurance derivatives, and more. Wilmott has also added clear, detailed explanations of all the mathematical procedures readers need to know in order to use the techniques he describes. Paul Wilmott, Dphil (Oxford, UK), is one of Europe's leading writers and consultants in the area of financial mathematics. He is also head of Wilmott Associates, a leading international financial consulting firm whose clients include Citibank, IBM, Bank of Montreal, Momura, Daiwa, Maxima, Dresdner Klienwort Benson, Origenes, and Siembra. | ||
Reviews | ||
Excellent Begginer's entry level Book This two volume set is an excellent beginner's introduction to this highly fascinating and technical field. Wilmott writes with an unusual clarity and humor in a field that is all too often dominated by pedantry and dullness. He is to be highly recommended. But I feel I need to make a comment on the critical reviews. It is truly laughable to see people criticize Wilmott's work because he doesn't cover this or that topic that is obviously their favorites or more likely their own pet research projects. Get real folks. It is every authr's right to pick and choose what he is going to cover. Complain if you will if there is actually something wrong with the work but lay off the selection of topics. And complaints about the humor and personal touches in the book????? It is refreshing to see this kind of personalizing. People who can't deal with humor should just shut themselves up in a monistary and let the rest of us enjoy Wilmott's style. Make no mistake about it - this set is not perfect nor complete. But it is not intended to be either. What it is, and most importantly so, is accessible!!!!!!!! | ||
Truly a must-have! This is the most comprehensive overview on derivatives available. Following a very light and humourous but at the same time rigorous approach, Wilmott manages to make even very complex aspects of modeling, pricing and hedging accessible. This is a must-have for every practitioner. | ||
THE place to start I bough 20 books before this set. I was wondering if the older Derivatives book was really worth $450 used without the CD. This is the place to start. It is written with style and humor coupled with a pace that is simple to adjust to. I judge a book by how many equations it has - more is BETTER! This set strikes a balance. The exposition is solid. It covers many specialized topics like Energy Derivatives (just a taste, mind you, but it is there to get us thinking). I guess the bottom line is this book allowed me to start thinking like a Financial Quant and less like a mathematical physicist. I have gotten much more out of the other more mathematical works because I understand how the Quants think. I still like The Physics of Finance by Ilinsky. This is more than the past Derivatives book (that makes up the first 65% of volume 1) and sets a real tone to understanding - this is just what I was looking for as I re-tool. Buy this FIRST. Read the TOC. Get moving! | ||
Insufficient This is not as good as Wilmott's earlier work, and even that could have benefited from better definition of terms. Wilmott needs to brush up on the latest techniques and talk to some practitioners to learn how to apply math to real world examples. It seems there is a lack of depth of understanding evidenced by the writing. The sections of self-expose are an embarrassment. | ||
Old Material This is recycled Wilmott, but not even as good as earlier work. His first book was better, probably because his co-authors talked some sense into him. His personal anecdotes demonstrate a low emotional IQ. It is as if Wilmott thinks that if readers agree with the finance they must agree with his incessant and juvenile self-regard. My reaction to the inappropriate self-expose was: "Who cares? Get some friends, they might help on the financial aspects of this book". Wilmott's financial IQ is only average, if this book is to be the evidence. It seems Wilmott isn't up on the latest techniques, or can't be bothered to research them. Stochastic calculus for example. Lack of real world practical examples demonstrates lack of knowledge of how financial instruments work in practice. | ||