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Title: Lectures on the Mathematics of Finance by Ioannis Karatzas ISBN: 0-8218-0909-1 Publisher: American Mathematical Society Pub. Date: 01 June, 1997 Format: Paperback Volumes: 1 List Price(USD): $41.00

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Average Customer Rating: 2.67 (3 reviews)

Rating: 3
Summary: It is OK
Comment: This book is just a collection of the author's papers. You can't expect it to be so detailed as his book with Shreve. Smart readers may apply his conclusions without proof. And if you really want to find out the proofs, original papers are available in every library. I don't think this book is for practioners, so if you are an "options manager", choosing this book is already your own fault. Overall, this book is OK. It is more condense than the other one and is helpful for math finance researchers.

Rating: 4
Summary: I think it is a very good book
Comment: I think it is a good book. It introduce the mathematical finance to the mathematician. It is clear and cmmplete. I do not know why the first reviewer just give it one star.

Rating: 1
Summary: Unreadable
Comment: Because of intractable notation (presumably introduced in another Karatzas-Schreve book) and careless exposition (author is completely free of thinking about reader) where proofs are absent, sketchy, or simply thrown at the reader with a shovel, one needs an hour per line (of text) to read this disorganized book. Add here pretension of applied science - this material is completely absent of application (ask any options manager has he ever heard about Karatzas!) and you have a book which only application will be as a shelf weight.