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Option Theory (The Wiley Finance Series)
ISBN: 0471492892     Date Published: 2003-01-17     Author(s): Peter James
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Hardcover
Wiley
388 Pages
 
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06/20/2013 01:28:41
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Editorial Review - Book Description:
A unified development of the subject, presenting the theory of options in each of the different forms and stressing the equivalence between each of the methodologies.
* Demystifies some of the more complex topics.
* Derives practical, tangible results using the theory, to help practitioners in problem solving.
* Applies the results obtained to the analysis and pricing of options in the equity, currency, commodity and interest rate markets.
* Gives the reader the analytical tools and technical jargon to understand the current technical literature available.
* Provides a user-friendly reference on option theory for practicing investors and traders.

Download Description:
`Option Theory takes the reader from first principles to the frontiers of modern finance theory. The book is aimed at busy financial engineers at all levels, providing formulas and techniques that can be readily applied to real life problems; yet the theoretical basis of the subject is explored in detail so that the book will also appeal to students and researchers. Written in a clear and accessible manner, the author covers the various approaches to option pricing: risk neutral expectations by integration, trees, analytical and numerical solutions of partial differential equations and Monte Carlo methods, demonstrating the close relationship between them.
 
Customer Review:
Total Reviews: (3)
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8 of 8 People found the following review helpful.

The right combination of rigor and practicality, August 2, 2003 ByWilliam H. Panning (Prospect, KY USA) - See all my reviews This review is from: Option Theory (The Wiley Finance Series) (Hardcover) This book is not for everyone. It is not for those who just want a once-over-lightly introduction to options. But it is the perfect book for those who want to combine rigor and practicality. Unlike the many books by mathematicians who claim to be writing for a general audience but in fact are trying to impress their colleagues (mostly by being unintelligible), James writes extraordinarily clearly. But even more important, he has practical experience with all the solution techniques he describes (binomial models, differential equations, Monte Carlo), and expertly describes their uses, their limitations, and the relationships among them. Unlike many authors, he has no apparent bias towards any one of the three solution methods. He also presents numerical examples to illustrate his points. The final section of the book is mathematically more advanced, and allows the reader to ascend to a higher level of sophistication. It's clear that James wants the reader to understand...
 
2 of 3 People found the following review helpful.

not a walk in the park, October 30, 2005 ByBarry Hertz (new york) - See all my reviews This review is from: Option Theory (The Wiley Finance Series) (Hardcover) This is an excellent book if you have at least a master's degree in math or a related discipline. If your eyes glaze over a page full of equations, then this is not for you. Having said that, for the fearless that want to get a good understanding of the underlying theory - it's an excellent work.
 
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