- Paperback: 156 pages
- Publisher: Vasily Nekrasov (5 Sept. 2014)
- Language: English
- ISBN-10: 3000465200
- ISBN-13: 978-3000465208
- Product Dimensions: 15.2 x 0.9 x 22.9 cm
- Amazon Bestsellers Rank: 674,396 in Books (See Top 100 in Books)
Knowledge rather than Hope: A Book for Retail Investors and Mathematical Finance Students Paperback – 5 Sep 2014
- Choose from over 13,000 locations across the UK
- Prime members get unlimited deliveries at no additional cost
- Find your preferred location and add it to your address book
- Dispatch to this address when you check out
Customers who bought this item also bought
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
If you are a seller for this product, would you like to suggest updates through seller support?
About the Author
Vasily Nekrasov studied Economics at the St. Petersburg State University and Quantitative Finance at the Ulm University. He worked as a software developer for banks and insurance companies and as a risk manager for the German Finance Agency (central service provider for the Federal Republic of Germany’s borrowing and debt management). Currently he works as a risk analyst and model developer in energy branch.
Most Helpful Customer Reviews on Amazon.com (beta) (May include reviews from Early Reviewer Rewards Program)
For the lay investor (or more specifically trader), the book skips unecessary details and gets straight to the application. I think of the material as similar to the pythagorean theorem: you do not need to know how to derive it, simply how to use it. Derivations of the material are openly available online and the author sources at least one derivation. This book will teach you the basics of portfolio optimization used by professionals and the Kelly Criterion -- the ideal amount to "bet" per transaction.
One striking difference between this book and others is that it provides workable code in R that does exactly what it talks about in the book. Many other books merely talk about running MC but this one shows you how to do it and apply it.
Would highly recommend to anyone with an interest in money management or who is looking to practice the financial applications of R.