Here are 100 books that An Introduction to the Mathematics of Financial Derivatives fans have personally recommended if you like
An Introduction to the Mathematics of Financial Derivatives.
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Having a master's degree in chemical engineering, I wasn't destined to work in the area of quantitative finance… the reason why I professionally moved to this discipline aren't worth exposing, but as a matter of fact, I've been quickly fascinated by this science, and encountered some of my favorites, such as maths and statistics, as used in the traditional activity of an engineer. And I had many opportunities of combining the knowledge and practice of financial markets with pragmatism, typically of the engineer’s education, i.e. oriented toward problem solving. In addition, I've always loved teaching, and writing books on financial markets & instruments, hence the importance I'm giving to pedagogy in professional books.
For financial market practitioners, it would be unwise not to deeply care about the various financial risks associated with their uses.
This book thoroughly covers the whole set of such financial risks, i.e. market risk, credit/counterparty risk, liquidity risk (both on the asset and liability sides), broadening the subject up to the firmwide level risk. It goes both into theoretical and practical considerations (risk management of a portfolio of financial instruments), illustrated by useful examples, with a great pedagogical sense.
A global banking risk management guide geared toward the practitioner
Financial Risk Management presents an in-depth look at banking risk on a global scale, including comprehensive examination of the U.S. Comprehensive Capital Analysis and Review, and the European Banking Authority stress tests. Written by the leaders of global banking risk products and management at SAS, this book provides the most up-to-date information and expert insight into real risk management. The discussion begins with an overview of methods for computing and managing a variety of risk, then moves into a review of the economic foundation of modern risk management and the…
Having a master's degree in chemical engineering, I wasn't destined to work in the area of quantitative finance… the reason why I professionally moved to this discipline aren't worth exposing, but as a matter of fact, I've been quickly fascinated by this science, and encountered some of my favorites, such as maths and statistics, as used in the traditional activity of an engineer. And I had many opportunities of combining the knowledge and practice of financial markets with pragmatism, typically of the engineer’s education, i.e. oriented toward problem solving. In addition, I've always loved teaching, and writing books on financial markets & instruments, hence the importance I'm giving to pedagogy in professional books.
In the vast array of quantitative finance relative to financial markets instruments and related risks, the case of credit or counterparty risk remains by far the most complex one, and thus, unsurprisingly, the least mastered by financial markets professionals.
A lot has been done, but a lot remains to be done: covering this is precisely the goal of this book. In a nutshell, the main obstacle to succeed in developing grounded and useful models of default prediction is due to the fact that a default is (fortunately) a rare event, in other words, with a (very) low probability of occurrence, and statistical tools are uncomfortable with very low probability levels. Hence the need of this book, to help the practitioner to go ahead in this matter.
The book reveals to traders how to consistently outperform credit benchmarks, how to hedge the credit risk premium, and how to overcome pension liability deficits. In addition, several successful trading strategies are presented including debt versus equities, Co-Co bond trading and a quantitative analysis of the municipal bond market. Chapters include: Credit Models, Past Present and Future Predicting Annual Default Rates and Implications for Market Prices Risk and Relative Value in the Municipal Bond Market Contingent Collateral Bonds Model for Sovereign Default and Relative Value Beating Credit Benchmarks Analyzing and Hedging Systemic Liquidity Risk Building on the best-selling first edition,…
Having a master's degree in chemical engineering, I wasn't destined to work in the area of quantitative finance… the reason why I professionally moved to this discipline aren't worth exposing, but as a matter of fact, I've been quickly fascinated by this science, and encountered some of my favorites, such as maths and statistics, as used in the traditional activity of an engineer. And I had many opportunities of combining the knowledge and practice of financial markets with pragmatism, typically of the engineer’s education, i.e. oriented toward problem solving. In addition, I've always loved teaching, and writing books on financial markets & instruments, hence the importance I'm giving to pedagogy in professional books.
The valuation of options has been the subject of numerous studies, papers, and books.
The originality of this one is that it is collecting the resulting formulae to be used in practice, and for each of them, proposing related Excel spreadsheets, and VBA coding (also with a CD included). All types of options are covered, from “vanilla” to “exotics”, on every kind of underlyings (from traditional ones up to commodities and energy).
It also develops calculation methods for the options “greeks” and volatility. But the book is not only such a catalog of formulae, these are assorted by useful comments about the best way to apply them, and their validity limits. Not surprisingly, this book is qualified as the “bible” of options valuation.
Long-established as a definitive resource by Wall Street professionals, The Complete Guide to Option Pricing Formulas has been revised and updated to reflect the realities of today's options markets. The Second Edition contains a complete listing of virtually every pricing formula_all presented in an easy-to-use dictionary format, with expert author commentary and ready-to-use programming code.
The Second Edition of this classic guide now includes more than 60 new option models and formulas...extensive tables providing an overview of all formulas...new examples and applications...and an updated CD containing all pricing formulas, with VBA code and ready-to-use Excel spreadsheets.
Having a master's degree in chemical engineering, I wasn't destined to work in the area of quantitative finance… the reason why I professionally moved to this discipline aren't worth exposing, but as a matter of fact, I've been quickly fascinated by this science, and encountered some of my favorites, such as maths and statistics, as used in the traditional activity of an engineer. And I had many opportunities of combining the knowledge and practice of financial markets with pragmatism, typically of the engineer’s education, i.e. oriented toward problem solving. In addition, I've always loved teaching, and writing books on financial markets & instruments, hence the importance I'm giving to pedagogy in professional books.
Technical Analysis is traditionally denigrated by the academic community, not without good reasons. But as a matter of fact, traders and practitioners used them (also, not without good reasons) extensively, to the extent that Technical Analysis is often qualified as “self-fulfilling prophecy”.
There is therefore a good reason to be more or less familiar with these techniques, at worst, following the adage “Know your enemy”. The problem, with Technical Analysis, is that, as it is not a true science, it is not easy to find books about it, written in a serious way. This is however the case with this one, covering all the usual technical analysis methods, both the graphic and the numeric ones, in a clear, concise, and exemplified way.
This book is updated and revised - with over 35 brand new indicators! It is a comprehensive catalog of today's major technical analysis indicators - indispensable for trading in stocks, bonds, futures, and options! 'There is an urgent need for a concise reference on such a vast array of technical tools. Achelis' new edition fulfills that need and should provide an invaluable guide to newcomers and veterans alike' - John J. Murphy President, MurphyMorris.com, Author, "Technical Analysis of the Financial Markets and Intermarket Technical Analysis".'Steve Achelis has done it again. The first edition was a wonderfully comprehensive encyclopedia of market…
A noted quantitative hedge fund manager and quant finance author, Ernie is the founder of QTS Capital Management and Predictnow.ai. Previously he has applied his expertise in machine learning at IBM T.J. Watson Research Center’s Human Language Technologies group, at Morgan Stanley’s Data Mining and Artificial Intelligence Group, and at Credit Suisse’s Horizon Trading Group. Ernie was quoted by Bloomberg, the Wall Street Journal, New York Times, Forbes, and the CIO magazine, and interviewed on CNBC’s Closing Bell program. He is an adjunct faculty at Northwestern University’s Master’s in Data Science program and supervises student theses there. Ernie holds a Ph.D. in theoretical physics from Cornell University.
I have used this book to teach my Financial Risk Analytics course at Northwestern University for many years. As a textbook, it is surprisingly easy to read, and the abundant exercises are great. This would be a foundational text to read after you have read my own books. It puts you on solid ground to understand all the financial babble that you may read elsewhere. It includes extensive coverage of most basic topics important to a serious quantitative trader, while not being overly mathematical. Easily understandable if you have basic programming and math background from first year of university.
Everything is practical in this book, which isn’t what you would expect from a textbook! There is no math for math’s sake. I have used the techniques discussed in this book for real trading, and for creating features at my machine learning SaaS predictnow.ai. Examples: What’s the difference between net…
The new edition of this influential textbook, geared towards graduate or advanced undergraduate students, teaches the statistics necessary for financial engineering. In doing so, it illustrates concepts using financial markets and economic data, R Labs with real-data exercises, and graphical and analytic methods for modeling and diagnosing modeling errors. These methods are critical because financial engineers now have access to enormous quantities of data. To make use of this data, the powerful methods in this book for working with quantitative information, particularly about volatility and risks, are essential. Strengths of this fully-revised edition include major additions to the R code…
I'm a writer, programmer, traveler and avid reader of interesting things. For the last ten years I've been experimenting to find out how to learn and think better. I don't promise I have all the answers, just a place to start.
Oakley is best known for her co-instruction of Learning How to Learn, one of the most popular Coursera courses that has had millions of students. This book offers a science-driven perspective for how to get good at math. Oakley walks her talk too, specializing in linguistics she only became a professor of engineering later, despite some difficulties with math.
The companion book to COURSERA®'s wildly popular massive open online course "Learning How to Learn"
Whether you are a student struggling to fulfill a math or science requirement, or you are embarking on a career change that requires a new skill set, A Mind for Numbers offers the tools you need to get a better grasp of that intimidating material. Engineering professor Barbara Oakley knows firsthand how it feels to struggle with math. She flunked her way through high school math and science courses, before enlisting in the army immediately after graduation. When she saw how her lack of mathematical…
I am an applied mathematician at Oxford University, and author of the bestseller 1089 and All That, which has now been translated into 13 languages. In 1992 I discovered a strange mathematical theorem – loosely related to the Indian Rope Trick - which eventually featured on BBC television. My books and public lectures are now aimed at bringing mainstream mathematics to the general public in new and exciting ways.
This is a sequel to Alex Bellos's bestseller Alex's Adventures in Numberland, but more focused on applications of mathematics to the real world, especially through physics. Many of these were known to me, particularly when they involved calculus, but I greatly enjoyed Alex's distinctive and novel way of putting across sophisticated ideas, in part by interspersing them with personal interviews with mathematicians of all kinds.
From triangles, rotations and power laws, to fractals, cones and curves, bestselling author Alex Bellos takes you on a journey of mathematical discovery with his signature wit, engaging stories and limitless enthusiasm. As he narrates a series of eye-opening encounters with lively personalities all over the world, Alex demonstrates how numbers have come to be our friends, are fascinating and extremely accessible, and how they have changed our world.
He turns even the dreaded calculus into an easy-to-grasp mathematical exposition, and sifts through over 30,000 survey submissions to reveal the world's favourite number. In Germany, he meets the engineer who…
I’m a professor of computer science at Oregon State University. My research focus is on programming languages, but I also work on computer science education and outreach. I grew up in Germany and moved to the United States in 2000. Since computer science is a fairly new and not widely understood discipline, I am interested in explaining its core ideas to the general public. I believe that in order to attract a more diverse set of people to the field we should emphasize that coding is only a small part of computer science.
This book is not about computing, but it is relevant in an indirect way. I love this book, since it is written in such an engaging style and illustrates with many examples that math is not a dry subject to be practiced only by mathematicians but helps everyone to solve real-world problems. The book shows how important it is to be precise in describing problems and that applying a little mathematical rigor goes a long way in solving them. Ellenberg describes mathematics as the “extension of common sense by other means.” In a similar way, I view computer science as the extension of problem-solving methods (aka “algorithms”) by other means.
"Witty, compelling, and just plain fun to read . . ." -Evelyn Lamb, Scientific American
The Freakonomics of math-a math-world superstar unveils the hidden beauty and logic of the world and puts its power in our hands
The math we learn in school can seem like a dull set of rules, laid down by the ancients and not to be questioned. In How Not to Be Wrong, Jordan Ellenberg shows us how terribly limiting this view is: Math isn't confined to abstract incidents that never occur in real life, but rather touches everything we do-the whole world is shot through…
I love encouraging kids to explore engineering, design, and technology! I am a former Google product designer for kids and families. I started writing to address a growing need for coding education, particularly for girls and kids of color. Stories are a wonderful way to demonstrate concepts and to invite kids to approach STEM with creativity and imagination. I picked a range of books for this post, from non-fiction to fantastic, because different kids will respond to different kinds of stories. Through these books, I hope that kids will find inspiration and tools for creative problem-solving, for STEM and beyond.
This adorable picture book by Rajani LaRocca and illustrated by Chaaya Prabhat is about a girl named Bina who wants to make bracelets for her brothers for Raksha Bandhan, a Hindu holiday. Through this sweet story, the book explores patterns and sequences, introducing kids to math concepts in a fun and playful way.
Celebrate diversity, math, and the power of storytelling!
For the Hindu holiday of Raksha Bandhan, Bina is determined to make beaded bracelets for her brothers all by herself. She finds out which colors her brothers like and dislike and sets to work. Working with her every-other-one beading pattern causes Bina to discover something new about patterns--and her brothers.
Storytelling Math celebrates children using math in their daily adventures as they play, build, and discover the world around them. Joyful stories and hands-on activities make it easy for kids and their grown-ups to explore everyday math together. Developed in collaboration with…
Lilli Botchis, PhD, is a psycho-spiritual counselor, educator, and vibrational medicine developer with four decades of experience in advanced body/soul wellness and the development of higher consciousness. Her expertise includes botanicals, gems, color, flower essences, bio-energy therapies, and holographic soul readings. Lilli is an alchemist, mystic, and translator of Nature’s language as it speaks to our soul. A brilliant researcher in the field of consciousness, she understands the interconnectedness of Nature and the human being and is known as an extraordinary emissary of the natural world. Lilli has been inducted into the Sovereign Order of St. John of Jerusalem, Knights Hospitaller. Many seek her out for her visionary insights and compassionate wisdom.
According to Michael Schneider, "The universe may be a mystery, but it's no secret." This book is a comprehensive yet simple visual guide to understanding the hidden meaning in the mathematical composition of all physical form. It is fun and fascinating to discover the sacred geometry visible throughout nature, in flowers, crystals, plants, shells, and the human body. You don't have to be a mathematician to see the beauty and symmetry of these patterns in every expression of God's creation, once revealed.
Discover how mathematical sequences abound in our natural world in this definitive exploration of the geography of the cosmos
You need not be a philosopher or a botanist, and certainly not a mathematician, to enjoy the bounty of the world around us. But is there some sort of order, a pattern, to the things that we see in the sky, on the ground, at the beach? In A Beginner's Guide to Constructing the Universe, Michael Schneider, an education writer and computer consultant, combines science, philosophy, art, and common sense to reaffirm what the ancients observed: that a consistent language of…
