Read Anywhere and on Any Device!

Special Offer | $0.00

Join Today And Start a 30-Day Free Trial and Get Exclusive Member Benefits to Access Millions Books for Free!

Create Free Account

Quick and Easy Sign Up!

It takes less then 1 minute to sign up, then you can enjoy Unlimited eBooks.

Sign Up Browse

Read Anywhere and on Any Device!

  • Download on iOS
  • Download on Android
  • Download on iOS

The Statistical Mechanics of Financial Markets (Theoretical and Mathematical Physics)

Johannes Voit
4.9/5 (22865 ratings)
Read Now Download Now ⏭ listen AudioBook
Description:This highly praised introductory treatment describes the parallels between statistical physics and finance - both those established in the 100-year long interaction between these disciplines, as well as new research results on financial markets. The random-walk technique, well known in physics, is also the basic model in finance, upon which are built, for example, the Black-Scholes theory of option pricing and hedging, plus methods of portfolio optimization. Here the underlying assumptions are assessed critically. Using empirical financial data and analogies to physical models such as fluid flows, turbulence, or superdiffusion, the book develops a more accurate description of financial markets based on random walks. With this approach, novel methods for derivative pricing and risk management can be formulated. Computer simulations of interacting-agent models provide insight into the mechanisms underlying unconventional price dynamics. It is shown that stock exchange crashes can be modelled in ways analogous to phase transitions and earthquakes, and sometimes have even been predicted successfully. This third edition of "The Statistical Mechanics of Financial Markets" especially stands apart from other treatments because it offers new chapters containing a practitioner's treatment of two important current topics in banking: the basic notions and tools of risk management and capital requirements for financial institutions, including an overview of the new Basel II capital framework which may well set the risk management standards in scores of countries for years to come.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Statistical Mechanics of Financial Markets (Theoretical and Mathematical Physics). To get started finding The Statistical Mechanics of Financial Markets (Theoretical and Mathematical Physics), you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.
Pages
—
Format
PDF, EPUB & Kindle Edition
Publisher
—
Release
—
ISBN
3540262857

The Statistical Mechanics of Financial Markets (Theoretical and Mathematical Physics)

Johannes Voit
4.4/5 (1290744 ratings)
Read Now Download now ⏭ listen AudioBook
Description: This highly praised introductory treatment describes the parallels between statistical physics and finance - both those established in the 100-year long interaction between these disciplines, as well as new research results on financial markets. The random-walk technique, well known in physics, is also the basic model in finance, upon which are built, for example, the Black-Scholes theory of option pricing and hedging, plus methods of portfolio optimization. Here the underlying assumptions are assessed critically. Using empirical financial data and analogies to physical models such as fluid flows, turbulence, or superdiffusion, the book develops a more accurate description of financial markets based on random walks. With this approach, novel methods for derivative pricing and risk management can be formulated. Computer simulations of interacting-agent models provide insight into the mechanisms underlying unconventional price dynamics. It is shown that stock exchange crashes can be modelled in ways analogous to phase transitions and earthquakes, and sometimes have even been predicted successfully. This third edition of "The Statistical Mechanics of Financial Markets" especially stands apart from other treatments because it offers new chapters containing a practitioner's treatment of two important current topics in banking: the basic notions and tools of risk management and capital requirements for financial institutions, including an overview of the new Basel II capital framework which may well set the risk management standards in scores of countries for years to come.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Statistical Mechanics of Financial Markets (Theoretical and Mathematical Physics). To get started finding The Statistical Mechanics of Financial Markets (Theoretical and Mathematical Physics), you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.
Pages
—
Format
PDF, EPUB & Kindle Edition
Publisher
—
Release
—
ISBN
3540262857

More Books

Statistical Mechanics of Financial Markets by Voit, Johannes. (Springer,2005) [Hardcover]

Statistical Mechanics of Financial Markets by Voit, Johannes. (Springer,2005) [Hardcover]

4.4/5 (1,282,506 ratings)

[The Statistical Mechanics of Financial Markets (Theoretical and Mathematical Physics)] [Author: Voit, Johannes] [October, 2005]

[The Statistical Mechanics of Financial Markets (Theoretical and Mathematical Physics)] [Author: Voit, Johannes] [October, 2005]

4.2/5 (4,466 ratings)

Listening Lab: György Ligeti Atmosphères by Veronika Grossberger & Johannes Voit (2014-07-15)

Listening Lab: György Ligeti Atmosphères by Veronika Grossberger & Johannes Voit (2014-07-15)

4.1/5 (1,751 ratings)

The Statistical Mechanics of Financial Markets (Theoretical and Mathematical Physics) by Johannes Voit (2010-01-14)

The Statistical Mechanics of Financial Markets (Theoretical and Mathematical Physics) by Johannes Voit (2010-01-14)

4.5/5 (743 ratings)

(The Statistical Mechanics of Financial Markets (Theoretical and Mathematical Physics)) [By: Voit, Johannes] [Oct, 2010]

(The Statistical Mechanics of Financial Markets (Theoretical and Mathematical Physics)) [By: Voit, Johannes] [Oct, 2010]

4/5 (647 ratings)

Statistical Mechanics of Finan Markets (05) by Voit, Johannes [Hardcover (2005)]

Statistical Mechanics of Finan Markets (05) by Voit, Johannes [Hardcover (2005)]

4/5 (647 ratings)

Profiling.

Profiling.

4.7/5 (647 ratings)

Songjiang - The Cradle of Shanghai

Songjiang - The Cradle of Shanghai

4.6/5 (647 ratings)

Listening Lab: György Ligeti Atmosphères

Listening Lab: György Ligeti Atmosphères

4.9/5 (647 ratings)
loader