Applied Conic Finance Hardback
This is a comprehensive introduction to the brand new theory of conic finance, also referred to as the two-price theory, which determines bid and ask prices in a consistent and fundamentally motivated manner.
Whilst theories of one price classically eliminate all risk, the concept of acceptable risks is critical to the foundations of the two-price theory which sees risk elimination as typically unattainable in a modern financial economy.
Practical examples and case studies provide the reader with a comprehensive introduction to the fundamentals of the theory, a variety of advanced quantitative models, and numerous real-world applications, including portfolio theory, option positioning, hedging, and trading contexts.
This book offers a quantitative and practical approach for readers familiar with the basics of mathematical finance to allow them to boldly go where no quant has gone before.
- Format: Hardback
- Pages: 198 pages, Worked examples or Exercises; 20 Tables, black and white; 38 Halftones, black and white;
- Publisher: Cambridge University Press
- Publication Date: 13/10/2016
- Category: Finance
- ISBN: 9781107151697