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An Introduction to the Mathematics of Financial Derivatives (Second Edition) (精装)
by Salih N. Neftci
| Category:
Derivative pricing, Investment, Finance |
| Market price: ¥ 738.00
MSL price:
¥ 698.00
[ Shop incentives ]
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| Stock:
Pre-order item, lead time 3-7 weeks upon payment [ COD term does not apply to pre-order items ] |
MSL rating:
 Good for Gifts |
| MSL Pointer Review:
Excellent coverage of financial topics and fundamentals and extremely well-written, Neftci's book is easily one of the best received references on the derivative pricing and structuring. |
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AllReviews |
  1 2 Total 2 pages 13 items |
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Stephen (MSL quote), South Africa
<2006-12-29 00:00>
Finally, I have discovered the most comprehensive book on derivative pricing and structuring I could imagine. For some time now I have been looking for a companion to Hull to detail the processes, theory and mathematics involved in derivative pricing which has either been forgotten or not studied. The level at which the book is pitched is superb - it starts low enough to be grasped with little advanced mathematical knowledge, but advances rapidly in depth to please those advanced in mathematics and finance. I have not been through the book thoroughly enough to comment on errors, but in its second edition I would assume many of the errors in the 1st edition have been resolved. With seven new chapters, exercises and most of the 1st editions 15 chapters revised and expanded, it is without doubt the best book on derivative mathematics I have bought. |
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Craig Matteson (MSL quote), USA
<2006-12-29 00:00>
While most MBAs are already separated into those strong in math who gravitate towards the mathematically more intense areas such as finance and those who head towards areas less mathematically intense such as marketing and organizational behavior, there are many of us who know we need to strengthen our mathematical understanding. For us, this book by Prof. Neftci is a gift!
Now, I am NOT bashing marketing and organizational behavior. In fact, math can be used to great advantage in those fields, but you do find many who feel very uncomfortable with much beyond algebra and that is ok, too. And it is very possible to work in finance without understanding the math behind the tools and principles taught in the basic courses. However, if you want to go deeper than the basic courses this book can be a great next step.
The truly mathematical seem to feel that this book doesn't go far enough and that may be true if you want to get to the very bottom of the subjects reviewed here. If you think of this book as an intermediate step that gives you more than the simple treatment you get in most MBA courses and not as intense as you would get in "Continuous Stochastic Calculus with Applications to Finance" and that is what you want then this book is for you (and for me). Plus there is a nice bibliography that can help you dive even deeper. |
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A reader (MSL quote), USA
<2006-12-29 00:00>
I have voted my dollars for Mr. Neftci by buying the first and second editions of his introductory textbooks. This, despite some careless errors which I hope have been corrected. Why? Only because of his ability to integrate knowledge under a common theoretical umbrella. He does a wonderful job in explaining the evolution from traditional calculus and differential equations to their stochastic versions and to convey the latter's significance to practical matters of finance. In our age of much technical specialization and little knowledge integration, individuals such as him are highly valuable. Disciplines are becoming so specialized that most authors seem to have lost the capacity to adequately and usefully convey their expertise in non-esoteric and conciliatory terms, leading to confusion and to islands of technical scholasticism unable to communicate with other branches of knowledge, let alone with the "layman".
I recommend this book to those who seek understanding of this interesting field and who reward authors not only for their knowledge, but for their seemingly forgotten pedagogical responsibility when deciding to write a book. |
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1 2 Total 2 pages 13 items |
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