AnyBook4Less.com	Find the Best Price on the Web Order from a Major Online Bookstore
Home  |  Store List  |  FAQ  |  Contact Us  |
Ultimate Book Price Comparison Engine Save Your Time And Money Keyword AuthorISBN

Title: Mathematics of Financial Derivatives: A Student Introduction by P. Wilmott, Ernest Savage, S. Howison ISBN: 0-8008-6238-4 Publisher: Parkwest Publications Pub. Date: November, 1980 Format: Paperback Volumes: 1 List Price(USD): $3.95

Your Country USA Canada United Kingdom Australia Austria Belgium France Germany Italy Netherlands Switzerland Currency AutoUSD CAD GBP EUR AUD CHF Delivery Only cheapest delivery All delivery options Include Used Books Are you a club member of: Barnes and Noble Books A Million Chapters.Indigo.ca

Average Customer Rating: 3.5 (14 reviews)

Rating: 5
Summary: Practical, easy-to-read and useful
Comment: This book is an excellent introduction to the use of finite difference and binomial methods to the pricing of equity options - regular and exotic/path-dependent. Requires only undergraduate calculus, and provides some intuition about the finance. Has exercises and solutions for people who want to learn. The "parent" book (Option pricing: mathematical models and pricing by P. Wilmott) has more information (although a little pricey!), is in fact used by financial "quants".

Rating: 1
Summary: Read Hull Instead
Comment: It seems the examples in this book are clones of those found in Hull. Odd, since the author seems to want to use more sophisticate math. Since the author can't explain calculus or properly define terms, there is doubt there is even that basic understanding. Pass on this and buy Hull instead for better clarity and better examples.

Rating: 1
Summary: Copied Equations
Comment: Wilmott seems to have copied theoretical derivations using partial differential equations and matrix multiplication symbols. The only examples in the book use basic algebra, so it seems as if the authors don't understand how to apply theory to practice except in the most simple cases.

This book is irritatingly bad. Terms are not well defined. There are no concrete examples following the derivations as if the authors don't understand the meaning of the equations.
The information on options seems to have been copied from the many derivatives dictionaries available on the web. It's clear the authors don't know how to apply the math to price these options. It seems their understanding is equivalent to that of a parrot.