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A Spiral Approach To Financial Mathematics

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A Spiral Approach to Financial Mathematics

A Spiral Approach to Financial Mathematics Book
Author : Nathan Tintle,Nathan Schelhaas,Todd Swanson
Publisher : Academic Press
Release : 2018-06-15
ISBN : 0128017597
Language : En, Es, Fr & De

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Book Description :

A Spiral Approach to Financial Mathematics lays a foundation of intuitive analysis of financial concepts early in the course, followed by a more detailed and nuanced treatment in later chapters. It introduces major financial concepts through real situations, integrates active learning, student focused explorations and examples with Excel spreadsheets and straightforward financial calculations. It is organized so sections can be read independently or through in-class guided-discovery activities and/or interactive lectures. Focusing on conceptual understanding to maximize comprehension and retention, using modern financial analysis tools and utilizing active learning, the book offers a modern approach that eliminates tedious and time-consuming calculations initially without underestimating the ability of readers. Covers FM Exam topics Includes Excel spreadsheets that enable the execution of financial transactions Presents a spiral, active learning pedagogical strategy that accentuates key concepts and reinforces intuitive learning

A Spiral Approach to Financial Mathematics

A Spiral Approach to Financial Mathematics Book
Author : Nathan Tintle,Nathan Schelhaas,Todd Swanson
Publisher : Academic Press
Release : 2018-07-06
ISBN : 9780128015803
Language : En, Es, Fr & De

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Book Description :

A Spiral Approach to Financial Mathematics lays a foundation of intuitive analysis of financial concepts early in the course, followed by a more detailed and nuanced treatment in later chapters. It introduces major financial concepts through real situations, integrates active learning, student focused explorations and examples with Excel spreadsheets and straightforward financial calculations. It is organized so sections can be read independently or through in-class guided-discovery activities and/or interactive lectures. Focusing on conceptual understanding to maximize comprehension and retention, using modern financial analysis tools and utilizing active learning, the book offers a modern approach that eliminates tedious and time-consuming calculations initially without underestimating the ability of readers. Covers FM Exam topics Includes Excel spreadsheets that enable the execution of financial transactions Presents a spiral, active learning pedagogical strategy that accentuates key concepts and reinforces intuitive learning

Intermediate Statistical Investigations

Intermediate Statistical Investigations Book
Author : Nathan Tintle,Beth L. Chance,Karen McGaughey,Soma Roy,Todd Swanson,Jill VanderStoep
Publisher : John Wiley & Sons
Release : 2020-09-09
ISBN : 1119634520
Language : En, Es, Fr & De

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Book Description :

Intermediate Statistical Investigations provides a unified framework for explaining variation across study designs and variable types, helping students increase their statistical literacy and appreciate the indispensable role of statistics in scientific research. Requiring only a single introductory statistics course as a prerequisite, the program uses the immersive, simulation-based inference approach for which the author team is known.Students engage with various aspects of data collection and analysis using real examples and clear explanations designed to strengthen multivariable understanding and reinforce first-course concepts. Each chapter contains in-depth exercises which follow a consistent six-step statistical exploration and investigation method (ask a research question, design a study, explore the data, draw inferences, formulate conclusions, and look back and ahead) enabling students to assess a variety of concepts in a single assignment. Challenging questions based on research articles strengthen critical reading skills, fully worked examples demonstrate essential concepts and methods, and engaging visualizations illustrate key themes of explained variation. End-of-chapter investigations use real data from popular culture and published research studies in a variety of disciplines, exposing students to various applications of statistics in the real world. Throughout the text, user-friendly Rossman Chance web applets allow students to conduct the simulations and analyses covered in the book.

Introduction to Statistical Investigations

Introduction to Statistical Investigations Book
Author : Nathan Tintle,Beth L. Chance,George W. Cobb,Allan J. Rossman,Soma Roy,Todd Swanson,Jill VanderStoep
Publisher : John Wiley & Sons
Release : 2020-09-16
ISBN : 1119683459
Language : En, Es, Fr & De

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Book Description :

Introduction to Statistical Investigations, Second Edition provides a unified framework for explaining variation across study designs and variable types, helping students increase their statistical literacy and appreciate the indispensable role of statistics in scientific research. Requiring only basic algebra as a prerequisite, the program uses the immersive, simulation-based inference approach for which the author team is known. Students engage with various aspects of data collection and analysis using real data and clear explanations designed to strengthen multivariable understanding and reinforce concepts. Each chapter follows a coherent six-step statistical exploration and investigation method (ask a research question, design a study, explore the data, draw inferences, formulate conclusions, and look back and ahead) enabling students to assess a variety of concepts in a single assignment. Challenging questions based on research articles strengthen critical reading skills, fully worked examples demonstrate essential concepts and methods, and engaging visualizations illustrate key themes of explained variation. The end-of-chapter investigations expose students to various applications of statistics in the real world using real data from popular culture and published research studies in variety of disciplines. Accompanying examples throughout the text, user-friendly applets enable students to conduct the simulations and analyses covered in the book.

Introduction to Financial Mathematics

Introduction to Financial Mathematics Book
Author : Donald R. Chambers,Qin Lu
Publisher : CRC Press
Release : 2021-06-17
ISBN : 1000370127
Language : En, Es, Fr & De

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Book Description :

This book’s primary objective is to educate aspiring finance professionals about mathematics and computation in the context of financial derivatives. The authors offer a balance of traditional coverage and technology to fill the void between highly mathematical books and broad finance books. The focus of this book is twofold: To partner mathematics with corresponding intuition rather than diving so deeply into the mathematics that the material is inaccessible to many readers. To build reader intuition, understanding and confidence through three types of computer applications that help the reader understand the mathematics of the models. Unlike many books on financial derivatives requiring stochastic calculus, this book presents the fundamental theories based on only undergraduate probability knowledge. A key feature of this book is its focus on applying models in three programming languages –R, Mathematica and EXCEL. Each of the three approaches offers unique advantages. The computer applications are carefully introduced and require little prior programming background. The financial derivative models that are included in this book are virtually identical to those covered in the top financial professional certificate programs in finance. The overlap of financial models between these programs and this book is broad and deep.

Mathematics without Apologies

Mathematics without Apologies Book
Author : Michael Harris
Publisher : Princeton University Press
Release : 2017-05-30
ISBN : 1400885523
Language : En, Es, Fr & De

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Book Description :

An insightful reflection on the mathematical soul What do pure mathematicians do, and why do they do it? Looking beyond the conventional answers—for the sake of truth, beauty, and practical applications—this book offers an eclectic panorama of the lives and values and hopes and fears of mathematicians in the twenty-first century, assembling material from a startlingly diverse assortment of scholarly, journalistic, and pop culture sources. Drawing on his personal experiences and obsessions as well as the thoughts and opinions of mathematicians from Archimedes and Omar Khayyám to such contemporary giants as Alexander Grothendieck and Robert Langlands, Michael Harris reveals the charisma and romance of mathematics as well as its darker side. In this portrait of mathematics as a community united around a set of common intellectual, ethical, and existential challenges, he touches on a wide variety of questions, such as: Are mathematicians to blame for the 2008 financial crisis? How can we talk about the ideas we were born too soon to understand? And how should you react if you are asked to explain number theory at a dinner party? Disarmingly candid, relentlessly intelligent, and richly entertaining, Mathematics without Apologies takes readers on an unapologetic guided tour of the mathematical life, from the philosophy and sociology of mathematics to its reflections in film and popular music, with detours through the mathematical and mystical traditions of Russia, India, medieval Islam, the Bronx, and beyond.

The African Mother Tongue and Mathematical Ideas

The African Mother Tongue and Mathematical Ideas Book
Author : Abdul Karim Bangura
Publisher : Vernon Press
Release : 2020-06-02
ISBN : 1622739515
Language : En, Es, Fr & De

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Book Description :

This book by renowned scholar Dr Abdul Karim Bangura combines linguistics and mathematics to show how and why African-centred mathematical ideas can be a driving force in Africa’s development efforts. Bangura explores the concept that Africa has been the centre of the History of Mathematics for thousands of years, as the civilizations that emerged across the continent developed contributions which would enrich both ancient and modern understanding of nature through mathematics. However, scholars and other professionals working in the field of mathematics education in Africa have identified a plethora of issues in carrying out their tasks. This is highlighted by one of the most compelling arguments in the book, which is that a major reason for these problems is the fact that the African mother tongues has been greatly neglected in the teaching of mathematics in the continent. Bangura asserts that a change has to be made in order for Africa to benefit from the exceptional opportunities mathematics offer, showing that, even if there is a great body of work connecting linguistics and mathematics, few analyses have been performed on the link between African languages and mathematics—and the ones that have been made are not theoretically-grounded on linguistics. Thus, the book begins by identifying the objects of study of linguistics and mathematics, and delineates which ones they have in common. Next, since the object of study of linguistics is language, the nine design features of language are employed to examine each of the objects as it pertains to African languages. After that, mathematical ideas of sustainability and those of tipping points are suggested as means to help Africa’s development efforts.

Resources in Education

Resources in Education Book
Author : Anonim
Publisher : Unknown
Release : 1998
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Resources in Education book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Financial Instrument Pricing Using C

Financial Instrument Pricing Using C   Book
Author : Daniel J. Duffy
Publisher : John Wiley & Sons
Release : 2018-10-01
ISBN : 0470971193
Language : En, Es, Fr & De

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Book Description :

An integrated guide to C++ and computational finance This complete guide to C++ and computational finance is a follow-up and major extension to Daniel J. Duffy's 2004 edition of Financial Instrument Pricing Using C++. Both C++ and computational finance have evolved and changed dramatically in the last ten years and this book documents these improvements. Duffy focuses on these developments and the advantages for the quant developer by: Delving into a detailed account of the new C++11 standard and its applicability to computational finance. Using de-facto standard libraries, such as Boost and Eigen to improve developer productivity. Developing multiparadigm software using the object-oriented, generic, and functional programming styles. Designing flexible numerical algorithms: modern numerical methods and multiparadigm design patterns. Providing a detailed explanation of the Finite Difference Methods through six chapters, including new developments such as ADE, Method of Lines (MOL), and Uncertain Volatility Models. Developing applications, from financial model to algorithmic design and code, through a coherent approach. Generating interoperability with Excel add-ins, C#, and C++/CLI. Using random number generation in C++11 and Monte Carlo simulation. Duffy adopted a spiral model approach while writing each chapter of Financial Instrument Pricing Using C++ 2e: analyse a little, design a little, and code a little. Each cycle ends with a working prototype in C++ and shows how a given algorithm or numerical method works. Additionally, each chapter contains non-trivial exercises and projects that discuss improvements and extensions to the material. This book is for designers and application developers in computational finance, and assumes the reader has some fundamental experience of C++ and derivatives pricing. HOW TO RECEIVE THE SOURCE CODE Once you have purchased a copy of the book please send an email to the author dduffyATdatasim.nl requesting your personal and non-transferable copy of the source code. Proof of purchase is needed. The subject of the mail should be “C++ Book Source Code Request”. You will receive a reply with a zip file attachment.

The NIE Conference on Basic Mathematical Skills and Learning

The NIE Conference on Basic Mathematical Skills and Learning Book
Author : Anonim
Publisher : Unknown
Release : 1977
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download The NIE Conference on Basic Mathematical Skills and Learning book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Computational Science and Technology

Computational Science and Technology Book
Author : Rayner Alfred,Hiroyuki Iida,Ag. Asri Ag. Ibrahim,Yuto Lim
Publisher : Springer
Release : 2018-02-23
ISBN : 9811082766
Language : En, Es, Fr & De

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Book Description :

This book gathers the proceedings of the Fourth International Conference on Computational Science and Technology 2017 (ICCST2017), held in Kuala Lumpur, Malaysia, on 29–30 November 2017. These proceedings offer practitioners and researchers the opportunity to present exciting advances in computational techniques and solutions in this area. They also identify emerging issues, help to shape future research directions, and will enable industrial users to apply cutting-edge, large-scale and high-performance computational methods.

Mathematics and Science Curriculum Change in the People s Republic of China

Mathematics and Science Curriculum Change in the People s Republic of China Book
Author : Xiufeng Liu
Publisher : Unknown
Release : 1996
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Mathematics and Science Curriculum Change in the People s Republic of China book written by Xiufeng Liu, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

An Elementary Introduction to Mathematical Finance

An Elementary Introduction to Mathematical Finance Book
Author : Sheldon M. Ross
Publisher : Cambridge University Press
Release : 2011-02-28
ISBN : 1139498037
Language : En, Es, Fr & De

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Book Description :

This textbook on the basics of option pricing is accessible to readers with limited mathematical training. It is for both professional traders and undergraduates studying the basics of finance. Assuming no prior knowledge of probability, Sheldon M. Ross offers clear, simple explanations of arbitrage, the Black-Scholes option pricing formula, and other topics such as utility functions, optimal portfolio selections, and the capital assets pricing model. Among the many new features of this third edition are new chapters on Brownian motion and geometric Brownian motion, stochastic order relations and stochastic dynamic programming, along with expanded sets of exercises and references for all the chapters.

A Systems Perspective on Financial Systems

A Systems Perspective on Financial Systems Book
Author : Jeffrey Yi-Lin Forrest
Publisher : CRC Press
Release : 2014-03-03
ISBN : 113802628X
Language : En, Es, Fr & De

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Book Description :

This book is devoted to a systems-theoretical presentation of the main results of applying the systemic yoyo model and relevant analytical tools to the topics of money and financial institutions. The author presents the main concepts and results of the subject matter in the language of systems science, which has in the past century prompted revolutionary applicati ons of systems research in various subfields of traditional disciplines. This volume applies a brand new logic of reasoning to some of the unsett led problems in the area of money and banking. Due to the particular systemic approach employed, the reader will be able to see how different economic activities are implicitly related to each other and how financial decisions are holistically made in reference to seemingly unrelated events. That is, the learning of this particular subject matter takes place at a different, more elevated level, from which, among others, economies are respectively seen as both closed and open systems; their interactions emulate those of rotational pools of fluids. This book can be used as a textbook for researchers and graduate students in economics, finance, systems science, and mathematical / systems modeling. It will also be useful as a reference book for applied economists and various policy makers.

Financial Mathematics For Actuaries Third Edition

Financial Mathematics For Actuaries  Third Edition  Book
Author : Wai-sum Chan,Yiu-kuen Tse
Publisher : World Scientific
Release : 2021-09-14
ISBN : 9811243298
Language : En, Es, Fr & De

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Book Description :

This book provides a thorough understanding of the fundamental concepts of financial mathematics essential for the evaluation of any financial product and instrument. Mastering concepts of present and future values of streams of cash flows under different interest rate environments is core for actuaries and financial economists. This book covers the body of knowledge required by the Society of Actuaries (SOA) for its Financial Mathematics (FM) Exam.The third edition includes major changes such as an addition of an 'R Laboratory' section in each chapter, except for Chapter 9. These sections provide R codes to do various computations, which will facilitate students to apply conceptual knowledge. Additionally, key definitions have been revised and the theme structure has been altered. Students studying undergraduate courses on financial mathematics for actuaries will find this book useful. This book offers numerous examples and exercises, some of which are adapted from previous SOA FM Exams. It is also useful for students preparing for the actuarial professional exams through self-study.

Why the Economists Got it Wrong

Why the Economists Got it Wrong Book
Author : Alessandro Roncaglia
Publisher : Anthem Press
Release : 2010-08-01
ISBN : 0857289624
Language : En, Es, Fr & De

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Book Description :

‘Why the Economists Got It Wrong’ illustrates the origins and development of the financial crisis, tracing its cultural origins in mainstream views which favoured financial liberalization policies. These views are contrasted with those of Keynes and Keynesian economists such as Minsky, pointing to an interpretation of economic events where uncertainty plays a central role and economic policy is aimed at building institutional and regulatory structures in order to counter financial fragility.

Mathematics of Financial Markets

Mathematics of Financial Markets Book
Author : Robert J Elliott,P. Ekkehard Kopp
Publisher : Springer Science & Business Media
Release : 2013-11-11
ISBN : 1475771460
Language : En, Es, Fr & De

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Book Description :

This book explores the mathematics that underpins pricing models for derivative securities such as options, futures and swaps in modern markets. Models built upon the famous Black-Scholes theory require sophisticated mathematical tools drawn from modern stochastic calculus. However, many of the underlying ideas can be explained more simply within a discrete-time framework. This is developed extensively in this substantially revised second edition to motivate the technically more demanding continuous-time theory.

Education and Society in Hong Kong and Macao

Education and Society in Hong Kong and Macao Book
Author : M. Bray,Ramsey Koo
Publisher : Springer Science & Business Media
Release : 2005-06-28
ISBN : 9781402034053
Language : En, Es, Fr & De

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Book Description :

Hong Kong and Macao have much in common. The dominant populations in both territories are Cantonese-speaking Chinese; both are small in area; both are urban societies; both have been colonies of European powers; and both have undergone political transition to reunification with China. Yet in education, for reasons that are analysed in this book, they are very different. The patters of similarities and differences in the two territories make a fascinating basis for comparative study. The overarching theme of the book, on continuity and change is particularly pertinent following the transition of the two societies of the postcolonial era. This thoroughly-revised and expanded second edition builds on the widely-acclaimed first edition. The work has been recognised as a significant contribution to the broad field of comparative education as well as to study of the specific societies which are its main focus. Mark Bray is Chair Professor of Comparative Education at the University of Hong Kong. Ramses Koo is a Senior Lecturer at the Hong Kong Institute of Education. Both have long experience of research on education in Hong Kong and Macao; and both are active in professional societies concerned with comparative education.

The Quants

The Quants Book
Author : Scott Patterson
Publisher : Currency
Release : 2010-02-02
ISBN : 0307453391
Language : En, Es, Fr & De

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Book Description :

With the immediacy of today’s NASDAQ close and the timeless power of a Greek tragedy, The Quants is at once a masterpiece of explanatory journalism, a gripping tale of ambition and hubris, and an ominous warning about Wall Street’s future. In March of 2006, four of the world’s richest men sipped champagne in an opulent New York hotel. They were preparing to compete in a poker tournament with million-dollar stakes, but those numbers meant nothing to them. They were accustomed to risking billions. On that night, these four men and their cohorts were the new kings of Wall Street. Muller, Griffin, Asness, and Weinstein were among the best and brightest of a new breed, the quants. Over the prior twenty years, this species of math whiz--technocrats who make billions not with gut calls or fundamental analysis but with formulas and high-speed computers--had usurped the testosterone-fueled, kill-or-be-killed risk-takers who’d long been the alpha males the world’s largest casino. The quants helped create a digitized money-trading machine that could shift billions around the globe with the click of a mouse. Few realized, though, that in creating this unprecedented machine, men like Muller, Griffin, Asness and Weinstein had sowed the seeds for history’s greatest financial disaster. Drawing on unprecedented access to these four number-crunching titans, The Quants tells the inside story of what they thought and felt in the days and weeks when they helplessly watched much of their net worth vaporize--and wondered just how their mind-bending formulas and genius-level IQ’s had led them so wrong, so fast.

Investment Portfolio Selection Using Goal Programming

Investment Portfolio Selection Using Goal Programming Book
Author : Rania Ahmed Azmi
Publisher : Cambridge Scholars Pub
Release : 2013
ISBN : 9781443846530
Language : En, Es, Fr & De

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Book Description :

This book provides both practitioners and academics with a scientific approach to portfolio selection using Goal Programming, an approach which is capable as far as is possible of achieving a required set of preferences deemed appropriate by a decision maker. Goal Programming is perhaps the most widely-used approach in the field of multiple criteria decision-making that enables the decision maker to incorporate numerous variations of constraints and goals. The original portfolio selection problem, with risk and return optimisation, can be viewed as a case of Goal Programming with two objectives. Additional objectives representing other factors, such as liquidity, can be introduced for a more realistic approach to portfolio selection problems. This book comes in a time where scientific frameworks for investment decision-making are absolutely necessary, that is after the recent financial and economic crisis; where irrational decisions and a misuse of mathematical models had equally fed into the spiral of the financial crisis. The real-world decision problems are usually changeable, complex and resist treatment with conventional approaches. Therefore, the optimisation of a single objective subject to a set of rigid constraints is in most cases unrealistic, and that is why Goal Programming was introduced, in an attempt to eliminate or at least mitigate this shortcoming. Most mathematical models are based on very strong theoretical assumptions which are not entirely respected by markets in practice. In contrast, Goal Programming models are based on real-world cases where the most feasible solution is sought as opposed to an ideal simplified solution. Therefore, this book provides practitioners with a new and superior scientific framework for investment decision-making, while aiming to stimulate further research and development. Moreover, the book provides scientific approaches for portfolio selection with Goal Programming, which will provide added value for practitioners in complementing their financial expertise with a sound scientific decision-making framework.