Helpful votes received on reviews: 75% (9 of 12)


Top Reviewer Ranking: 5,006,699 - Total Helpful Votes: 9 of 12
The Concepts and Practice of Mathematical Finance &hellip by Mark S. Joshi
9 of 12 people found the following review helpful
4.0 out of 5 stars Nice, 30 Jan 2004
Very nice book indeed.
That, besides, "strong buy", was the the general review.
The rest is mostly for insiders.
The computer exercises/projects alone are worth the price.
Other than that, I especially like
* Seeing Theorem 10.2 as a "text-book result"
for the first time. It is of course all over the
place in Carr's papers, and other books (Wilmott,
Bjork) are close, but not quite there ...
* The discussion of (the illusion of) hedging in
incomplete models in Ch. 15 & 16. Bjork's Chapter 10
says the same, really, but (in the heads of students
at least) it comes out as "short rate models in disguise".
* The chapter on… Read more