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Financial Hacking: Evaluate Risks, Price Derivatives, Structure Trades, and Build Your Intuition Quickly and Easily

Philip Maymin
Book information

Publisher: World Scientific (Singapore)
Copyright year: 2012
ISBN: 9789814322553
Medium: Hardcover
Includes: website
Pages: 183
Out of print?: N
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This book teaches financial engineering in an innovative way by providing tools and a point of view to quickly and easily solve real, front-office problems. Projects and simulations are not just exercises in this book, but its true backbone. You will not only learn how to do state-of-the-art simulations and build exotic derivatives valuation models, you will also learn how to quickly make reasonable inferences based on incomplete information. This book will give you the expertise to make significant progress in understanding brand new derivatives given only a preliminary term sheet, thus making you valuable to banks, brokerage houses, trading floors, and hedge funds.

Financial Hacking is not about long, detailed mathematical proofs or brief summaries of conventional financial theories; it is about engineering specific, useable answers to imprecise but important questions. It is an essential book both for students and for practitioners of financial engineering.

MBAs in finance learn case-method and standard finance mainly by talking. Mathematical finance students learn the elegance and beauty of formulas mainly by manipulating symbols. But financial engineers need to learn how to build useful tools, and the best way to do that is to actually build them in a test environment, with only hypothetical profits or losses at stake; this book gives graduate students and others who are looking to move closer to trading operations the opportunity to do just that.

*Business and Economics
*Business and Economics > Finance