Book picks similar to
Levy Processes in Finance by Wim Schoutens
finance
stochastic-processes
business-models
econ
Elementary Number Theory and Its Applications
Kenneth H. Rosen - 1984
The Fourth Edition builds on this strength with new examples, additional applications and increased cryptology coverage. Up-to-date information on the latest discoveries is included.Elementary Number Theory and Its Applications provides a diverse group of exercises, including basic exercises designed to help students develop skills, challenging exercises and computer projects. In addition to years of use and professor feedback, the fourth edition of this text has been thoroughly accuracy checked to ensure the quality of the mathematical content and the exercises.
Stochastic Calculus Models for Finance II: Continuous Time Models (Springer Finance)
Steven E. Shreve - 2004
The content of this book has been used successfully with students whose mathematics background consists of calculus and calculus-based probability. The text gives both precise statements of results, plausibility arguments, and even some proofs, but more importantly intuitive explanations developed and refine through classroom experience with this material are provided. The book includes a self-contained treatment of the probability theory needed for shastic calculus, including Brownian motion and its properties. Advanced topics include foreign exchange models, forward measures, and jump-diffusion processes.This book is being published in two volumes. This second volume develops shastic calculus, martingales, risk-neutral pricing, exotic options and term structure models, all in continuous time.Masters level students and researchers in mathematical finance and financial engineering will find this book useful.Steven E. Shreve is Co-Founder of the Carnegie Mellon MS Program in Computational Finance and winner of the Carnegie Mellon Doherty Prize for sustained contributions to education.
The New Empire of Debt
William Bonner - 2009
Along the way, Bonner and Wiggin cast a wide angle lens that looks back in history and ahead to the coming century: showing how dramatic changes in the economic power of the United States will inevitably impact every American.Reveals the financial realities the United States currently faces and what the ultimate outcome may be Weaves together the worlds of politics, economics, and personal finance in a way that underscores the severity of the situation Addresses the events leading up to the implosion of the U.S. financial system Looks ahead to help you avoid the pitfalls presented by a weaker United States Other titles by Bonner: Empire of Debt, Financial Reckoning Day, and Mobs, Messiahs, and MarketsOther titles by Wiggin: I.O.U.S.A., Demise of the Dollar, and Financial Reckoning DayThe United States is heading down a difficult path. The New Empire of Debt clearly shows how this has happened and discusses what you can do to overcome the financial challenges that will arise as the situation deteriorates.
The Big Questions: Tackling the Problems of Philosophy with Ideas from Mathematics, Economics and Physics
Steven E. Landsburg - 2009
Stimulating, illuminating, and always surprising, The Big Questions challenges readers to re-evaluate their most fundamental beliefs and reveals the relationship between the loftiest philosophical quests and our everyday lives.
The Deals of Warren Buffett: Volume 1, The First $100m
Glen Arnold - 2017
The Deals of Warren Buffett - Volume 1 charts the series of investments that made up that journey. In revealing detail, and with a lucid descriptive style, experienced author and investor Glen Arnold explains Buffett's thinking behind these investment deals and shows how his cumulative returns compounded his wealth over time. In this formative period, from 1941-78, Buffett developed and honed the investment philosophy that would lead him to become so successful as his career progressed. But it was not all plain sailing - Buffett made mistakes along the way - and Arnold shows how Buffett learned through success and failure how to select companies worth backing. Arnold also includes insightful 'learning points' at the end of each chapter, which reveal how investors can learn from the craft of Warren Buffett to improve their own investing. Investments featured in this first volume include: GEICO, American Express, Disney, Berkshire Hathaway, See's Candies, and The Washington Post. With stories and analysis drawn from decades of investing experience, join Glen Arnold and delve deeper in The Deals of Warren Buffett!
Challenge And Thrill Of Pre College Mathematics
V. Krishnamurthy - 2009
It can urge the reader to explore new methodologies to have maximum fun with numbers, and opt for a higher course in mathematics. The book was specifically designed to help the student community, and develop a strong affinity towards problem solving.the book offers many complicated, and interesting challenges for the user, keeping them engaged throughout. A large number of solved problems are also included in challenge and thrill of pre-college mathematics, to give readers an insight into the subject. The book can be an eye-opener for school students of class 7 and above. The materials given in the book are powerful enough to help them develop a strong interest for the subject. The concepts are explained in a simple and comprehensive manner, providing them with a good understanding of mathematical fundamentals.what makes the book distinct is its detailed sections on geometry, that can improve the reasoning skills of students. There are also detailed accounts on algebra and trigonometry, enhancing the competitive ability of the users. The topics such as combinatorics, number theory, and probability are also explained in detail, in the book. Each chapter was designed with the intention of motivating students to appreciate the excitement that mathematical problems can provide. Published in 2003 by new age international publishers, the book is available in paperback. Key features: the book includes a collection of more than 300 solved numerical problems, compiled from various national, as well as international mathematical olympiads.it is widely recommended by students and teachers, alike as an essential preparatory book for those writing competitive examinations.
Fundamental Methods of Mathematical Economics
Alpha C. Chiang - 1974
The book's patient explanations are written in an informal, non-intimidating style. To underscore the relevance of mathematics to economics, the author allows the economist's analytical needs to motivate the study of related mathematical techniques; he then illustrates these techniques with appropriate economics models. Graphic illustrations often visually reinforce algebraic results. Many exercise problems serve as drills and help bolster student confidence. These major types of economic analysis are covered: statics, comparative statics, optimization problems, dynamics, and mathematical programming. These mathematical methods are introduced: matrix algebra, differential and integral calculus, differential equations, difference equations, and convex sets.
Using Econometrics: A Practical Guide
A.H. Studenmund - 1987
"Using Econometrics: A Practical Guide "provides readers with a practical introduction that combines single-equation linear regression analysis with real-world examples and exercises. This text also avoids complex matrix algebra and calculus, making it an ideal text for beginners. New problem sets and added support make "Using Econometrics" modern and easier to use.
Algebra II For Dummies
Mary Jane Sterling - 2004
To understand algebra is to possess the power to grow your skills and knowledge so you can ace your courses and possibly pursue further study in math. Algebra II For Dummies is the fun and easy way to get a handle on this subject and solve even the trickiest algebra problems. This friendly guide shows you how to get up to speed on exponential functions, laws of logarithms, conic sections, matrices, and other advanced algebra concepts. In no time you'll have the tools you need to:Interpret quadratic functions Find the roots of a polynomial Reason with rational functions Expose exponential and logarithmic functions Cut up conic sections Solve linear and non linear systems of equations Equate inequalities Simplifyy complex numbers Make moves with matrices Sort out sequences and sets This straightforward guide offers plenty of multiplication tricks that only math teachers know. It also profiles special types of numbers, making it easy for you to categorize them and solve any problems without breaking a sweat. When it comes to understanding and working out algebraic equations, Algebra II For Dummies is all you need to succeed!
Who Is Fourier? a Mathematical Adventure
Transnational College of Lex - 1995
This is done in a way that is not only easy to understand, but is actually fun! Professors and engineers, with high school and college students following closely, comprise the largest percentage of our readers. It is a must-have for anyone interested in music, mathematics, physics, engineering, or complex science. Dr. Yoichiro Nambu, 2008 Nobel Prize Winner in Physics, served as a senior adviser to the English version of Who is Fourier? A Mathematical Adventure.
Gambling with Other People’s Money: How Perverse Incentives Caused the Financial Crisis
Russ Roberts - 2019
Russ Roberts argues that the true underlying cause of the mess was the past bailouts of large financial institutions that allowed these institutions to gamble carelessly because they were effectively using other people’s money. The author warns that despite the passage of Dodd-Frank, it is widely believed that we have done nothing to eliminate ‘Too Big to Fail.’ That perception allows the largest financial institutions to continue to gamble with taxpayer money.
Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
William Poundstone - 2006
One was mathematician Claude Shannon, neurotic father of our digital age, whose genius is ranked with Einstein's. The other was John L. Kelly Jr., a Texas-born, gun-toting physicist. Together they applied the science of information theory—the basis of computers and the Internet—to the problem of making as much money as possible, as fast as possible.Shannon and MIT mathematician Edward O. Thorp took the "Kelly formula" to Las Vegas. It worked. They realized that there was even more money to be made in the stock market. Thorp used the Kelly system with his phenomenonally successful hedge fund, Princeton-Newport Partners. Shannon became a successful investor, too, topping even Warren Buffett's rate of return. Fortune's Formula traces how the Kelly formula sparked controversy even as it made fortunes at racetracks, casinos, and trading desks. It reveals the dark side of this alluring scheme, which is founded on exploiting an insider's edge.Shannon believed it was possible for a smart investor to beat the market—and Fortune's Formula will convince you that he was right.
Trading the Trends
Fred McAllen - 2011
Whether you are a long term investor, short term investor, or invest in mutual funds, Trading the Trends is the book for you. The market never moves in a straight line, you must avoid bear markets, and learning to invest and trade with the market trends will place you miles ahead of the average investor and trader. You will learn how to recognize market trends early, as they are starting, and you'll learn when to move your money to safety. You will see actual trades, and experience the thoughts of the investor as the decisions are being made to enter and exit the market. Entering and exiting each actual trade, always carefully, always wisely, and always protecting the investment capital at all times. Learn from the master trader. Don't get caught in the next major market downturn and watch your portfolio be decimated.This book will show you how to avoid the pitfalls of treacherous market.
Against the Gods: The Remarkable Story of Risk
Peter L. Bernstein - 1996
Peter Bernstein has written a comprehensive history of man's efforts to understand risk and probability, beginning with early gamblers in ancient Greece, continuing through the 17th-century French mathematicians Pascal and Fermat and up to modern chaos theory. Along the way he demonstrates that understanding risk underlies everything from game theory to bridge-building to winemaking.