Cambridge University Press Financial Derivatives: Pricing, Applications, and Mathematics

En general estoy satisfecho, aunque el libro tenía un desperfecto en la esquina superior, como si se hubiesen doblado varias páginas.

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Financial derivatives are the products traded by the financial industry, banks and trading companies; a contract whose payoff depends on the behavior of a benchmark; financial instruments whose value is derived from a number of underlying variables. Examples: futures, options, and swaps ; or other tradable assets, e.g., stocks or commodities; or such non-tradable items such as the temperature (weather derivatives), the unemployment rate, or any kind of (economic) index. Since the industry has undergone a recent explosive growth, so have the number of variety of books covering the subject. The book by Baz & Chacko is useful for readers wanting a mathematical introduction. Covered are mathematical tools, financial valuation, financial models, asset pricing, Black-Scholes. On the math side: Ito's lemma, and a systematic presentation of stochastic differential equations; and dynamical programming. There are other similar books are out there, roughly the same level, and roughly the same emphasis; for example by Willmott-Howison-Dewynne, and by Capinski-Zastawniak. I believe they all serve a very useful purpose. Review by Palle Jorgensen, July 2011.

very good

This book is a real treasure. It is surprisingly deep, and yet at the same time, very readable and straightforward. If you are studying mathematical finance, this book will be a great deal of help.