Reviews for Global Derivatives: Productsory and Practice

The average rating for Global Derivatives: Productsory and Practice based on 2 reviews is 3.5 stars.

Review # 1 was written on 2015-09-18 00:00:00 Max Pin A mathematically precise and one-volume definitive reference for risk neutral valuation, and stochastic models, as well as hedging. Equivalent to an advanced Financial Mathematics degree course at Courant's? Only if they use this book as a textbook. Quite amazing in rigor for this field. Reviewed by a practitioner in risk and pricing models in industry, albeit not a stochastic quant by persuasion.

Review # 2 was written on 2014-03-18 00:00:00 Devin Jessee This is a well-written, self-contained introduction to asset pricing via equivalent martingale measures. Readers new to the subject will appreciate the introductory chapters that provide suitable coverage of rigorous probability theory, Lesbesgue integration, and measure theory. The value of this particular book seems to be comprehensiveness -- it provides much more material than a book like Baxter and Rennie's "Financial Calculus", however it does not motivate the use of equivalent martingale machinery as well as these authors. Thus, I'd use this book as a base to your studies of asset pricing, but go elsewhere if you're having trouble with the intuition behind the mathematics.