By Mark Davis in RISK Magazine - Princeton University
By Mark Davis in RISK Magazine - Princeton University
By Mark Davis in RISK Magazine - Princeton University
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As a prelude to their ma<strong>in</strong> theme, FPS have provided a compact but very<br />
readable summary of a number of topics <strong>in</strong> mathematical f<strong>in</strong>ance, stochastic<br />
analysis and <strong>Mark</strong>ov processes, putt<strong>in</strong>g a welcome emphasis on the effects of<br />
model error <strong>in</strong> dynamic hedg<strong>in</strong>g. F<strong>in</strong>ally, the book is short and to the po<strong>in</strong>t,<br />
and the production quality is high. Buy it.<br />
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