Frequently Asked Questions In Quantitative Finance

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Paul Wilmott London UK is a researcher consultant & lecturer in quantitative finance He is founder of Wilmott Associates a financial consultancy & training firm from which he publishes Wilmott magazine He is one of the world s leading experts on quantitative finance & derivatives & is renowned for his criticism of popular models & concepts & for his unique informal writing style In this second edition of Frequently Asked Questions in Quantitative Finance I continue in my mission to pull quant finance up from the dumbed-down depths & to drag it back down to earth from the super-sophisticated stratosphere Readers of my work & blogs will know that I think both extremes are dangerous Quant finance should inhabit the middle ground the mathematics sweet spot where the models are robust & understandable & easy to mend This book contains important FAQs & answers that cover both theory & practice There are sections on how to derive Black-Scholes (a dozen different ways!) the popular models equations formulas & probability distributions critical essays brainteasers & the commonest quant mistakes The quant mistakes section alone is worth trillions of dollars! Paul Wilmott has been called the smartest of the quants he may be the only smart quant
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