Paul Wilmott , London UK is a researcher, consultant
and lecturer in quantitative finance. He is founder of
Wilmott Associates, a financial consultancy and training
firm, from which he publishes Wilmott magazine. He is
one of the world's leading experts on quantitative
finance and derivatives and is renowned for his
criticism of popular models and concepts and 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, and to drag it back down to earth
from the super-sophisticated stratosphere. Readers of my
work and 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 and understandable, and easy to mend. This book
contains important FAQs and answers that cover both
theory and practice. There are sections on how to derive
Black-Scholes (a dozen different ways!), the popular
models, equations, formulas and probability
distributions, critical essays, brainteasers, and 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'' - Portfolio magazine/Nassim Nicholas
Taleb ''cult derivatives lecturer'' - Financial Times
''the finance industry's Mozart'' - Sunday |
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