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- Author: Paul Wilmott
This book is an introductory classic of quantitative finance tailored by Paul Wilmott for college students. It aims to provide an easy-to-understand introduction to the field of classic quantitative finance. This book is selected from the author's more comprehensive works "Derivatives" and "Paul Wilmott on Quantitative Finance" and covers core concepts such as futures, options and numerical methods.
The book introduces in detail the main mathematical techniques applied in the financial field, including stochastic calculus, partial differential equations (PDEs), binary tree models, Monte Carlo simulations, and the Black-Scholes model and its "Greek letters". In terms of financial applications, this book delves into topics such as derivatives pricing, risk management (such as delta hedging, VaR, credit risk), fixed income products (such as yield, duration, convexity, swaps, interest rate modeling), and portfolio management. In addition, this book also provides supporting software and practical cases to help readers visualize important concepts and apply techniques to practical operations.
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