Books-Business

Dynamic Hedging

Name: Dynamic Hedging
Brand: Gyaan Store
Price: 499.00 INR
Availability: InStock
Author: Nassim Nicholas Taleb
ISBN: 9780471152804

By NN Nassim Nicholas Taleb Author

₹499 ₹599 17% off

You save ₹100

Inclusive of all taxes

16 people viewing now

Shop with peace of mind

Make it special+₹ 49.00

Gift Wrapping (Prepaid Orders Only)

Add a clean, gift-ready wrap with your order.

Qty

Added to cart successfully.

Offers

View full details

Dynamic Hedging: Managing Vanilla and Exotic Options (Wiley Finance) is an extensive guide to derivatives risk and risk management, written from the point of view of the practitioner.This book covers both the traditional and unconventional options in hedging. Written by an experienced trader, the author presents the subject from the perspective of the market maker and arbitrage operator. It defines a practical, real-world methodology for managing portfolios with nonlinear security.The book explains generalised options, covering all instruments with convex payoffs, including a trader's potential bonus. The author also discusses more exotic options like barrier, binary and multi asset options. He also provides ways to take into account the inherent risks.The book covers various market-dynamic concepts, including portfolio insurance, liquidity holes, fat tails, squeezes, Garch curve evolution, volatility surface, correlation instability, static option replication and regime shifts.This book also covers the basic mathematics of derivatives like Ito's lemma, Brownian motion, the Girsanov change of measure, numeraire paradox and the Feynman-Kac solution. Because a large share of market exposure cannot be clearly defined through mathematical models, the author presents both on-model and off-model derivative risks.Dynamic Hedging: Managing Vanilla and Exotic Options (Wiley Finance) is a useful resource for students, market makers, academics, regulators and risk managers. This book was published by John Wiley and Sons in 1997. This derivatives risk and risk management guide is available in hardcover. Key Features: This book covers new tools to detect risks, such as higher moment analysis, nonparametric techniques and topography exposure.It contains numerous market anecdotes, concise presentations of risk management rules derived from years of market wisdom, helpful tools and important definitions.

Product Highlights

Full specifications at a glance

Publisher ‏

‎ Wiley

Language ‏

‎ English

Hardcover ‏

‎ 528 pages (May Vary)

ISBN-10 ‏

‎ 0471152803

ISBN-13 ‏

‎ 978-0471152804

Nassim Nicholas Taleb

Nassim Nicholas Taleb spent more than two decades as a risk taker before becoming a full-time essayist and scholar focusing on practical, philosophical, and mathematical problems with chance, luck, and probability. His focus in on how different systems handle disorder. He now spends most of his time in the intense seclusion of his study, or as a flâneur meditating in cafés. In addition to his life as a trader he spent several years as an academic researcher (12 years as Distinguished Professor at New York University's School of Engineering, Dean's Professor at U. Mass Amherst). He is the author of the Incerto (latin for uncertainty), accessible in any order (Skin in the Game, Antifragile, The Black Swan, The Bed of Procrustes, and Fooled by Randomness) plus a technical version, The Technical Incerto (Statistical Consequences of Fat Tails). Taleb has also published close to 55 academic and scholarly papers as a backup, technical footnotes to the Incerto in topics ranging from Statistical Physics and Quantitative Finance to Genetics and International affairs. The Incerto has more than 250 translations in 50 languages. Taleb believes that prizes, honorary degrees, awards, and ceremonialism debase knowledge by turning it into a spectator sport.