The Statistical Mechanics of Financial Markets is popular PDF and ePub book, written by Johannes Voit in 2013-06-29, it is a fantastic choice for those who relish reading online the Science genre. Let's immerse ourselves in this engaging Science book by exploring the summary and details provided below. Remember, The Statistical Mechanics of Financial Markets can be Read Online from any device for your convenience.
The Statistical Mechanics of Financial Markets Book PDF Summary
A careful examination of the interaction between physics and finance. It takes a look at the 100-year-long history of co-operation between the two fields and goes on to provide new research results on capital markets - taken from the field of statistical physics. The random walk model, well known in physics, is one good example of where the two disciplines meet. In the world of finance it is the basic model upon which the Black-Scholes theory of option pricing and hedging has been built. The underlying assumptions are discussed using empirical financial data and analogies to physical models such as fluid flows, turbulence, or superdiffusion. On this basis, new theories of derivative pricing and risk control can be formulated.
Detail Book of The Statistical Mechanics of Financial Markets PDF
- Author : Johannes Voit
- Release : 29 June 2013
- Publisher : Springer Science & Business Media
- ISBN : 9783662044230
- Genre : Science
- Total Page : 227 pages
- Language : English
- PDF File Size : 14,6 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book The Statistical Mechanics of Financial Markets by Johannes Voit, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.