LEADER 04346nam 2200577 450 001 9910811416503321 005 20231117104603.0 010 $a1-119-35868-X 010 $a1-119-35872-8 035 $a(CKB)3710000001084280 035 $a(Au-PeEL)EBL4817837 035 $a(CaPaEBR)ebr11357019 035 $a(OCoLC)975224828 035 $a(CaSebORM)9781119358619 035 $a(MiAaPQ)EBC4817837 035 $a(EXLCZ)993710000001084280 100 $a20170317h20172017 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 14$aThe money formula $edodgy finance, pseudo science, and how mathematicians took over the markets /$fPaul Wilmott, David Orrell 210 1$aChichester, England :$cWiley,$d2017. 210 4$dİ2017 215 $a1 online resource (264 pages) 225 1 $aTHEi Wiley ebooks 311 $a1-119-35866-3 311 $a1-119-35861-2 320 $aIncludes bibliographical references and index. 327 $aMachine generated contents note: Contents Acknowledgements ix About the Authors xi Introduction xiii Chapter 1 Early Models 1 Chapter 2 Going Random 15 Chapter 3 Risk Management 35 Chapter 4 Market Makers 61 Chapter 5 Deriving Derivatives 83 Chapter 6 What Quants Do 109 Chapter 7 The Rewrite 135 Chapter 8 No Laws, Only Toys 149 Chapter 9 How to Abuse the System 169 Chapter 10 Systemic Threat 189 Epilogue: Keep it Simple 207 Bibliography 227 Index 237. 330 $a"Explore the deadly elegance of finance's hidden powerhouse The Money Formula takes you inside the engine room of the global economy to explore the little-understood world of quantitative finance, and show how the future of our economy rests on the backs of this all-but-impenetrable industry. Written not from a post-crisis perspective - but from a preventative point of view - this book traces the development of financial derivatives from bonds to credit default swaps, and shows how mathematical formulas went beyond pricing to expand their use to the point where they dwarfed the real economy. You'll learn how the deadly allure of their ice-cold beauty has misled generations of economists and investors, and how continued reliance on these formulas can either assist future economic development, or send the global economy into the financial equivalent of a cardiac arrest. Rather than rehash tales of post-crisis fallout, this book focuses on preventing the next one. By exploring the heart of the shadow economy, you'll be better prepared to ride the rough waves of finance into the turbulent future. Delve into one of the world's least-understood but highest-impact industries Understand the key principles of quantitative finance and the evolution of the field Learn what quantitative finance has become, and how it affects us all Discover how the industry's next steps dictate the economy's future How do you create a quadrillion dollars out of nothing, blow it away and leave a hole so large that even years of "quantitative easing" can't fill it - and then go back to doing the same thing? Even amidst global recovery, the financial system still has the potential to seize up at any moment. The Money Formula explores the how and why of financial disaster, what must happen to prevent the next one"--$cProvided by publisher. 330 $a"The book is divided into two main parts. The first dips into the history of quantitative finance and explains its key principles, the second is about the quantitative finance industry today and how it is evolving. Finally, the book will conclude with what should happen, what needs to happen, to prevent future financial disaster"--$cProvided by publisher. 410 0$aTHEi Wiley ebooks. 606 $aRisk management 606 $aFinance$xMathematical models 606 $aOptions (Finance)$xMathematical models 615 0$aRisk management. 615 0$aFinance$xMathematical models. 615 0$aOptions (Finance)$xMathematical models. 676 $a658.155 686 $aBUS027000$2bisacsh 700 $aWilmott$b Paul$0116658 702 $aOrrell$b David 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910811416503321 996 $aThe money formula$94037769 997 $aUNINA