{"product_id":"derivative-pricing","title":"Derivative Pricing","description":"\u003cp\u003eThe proliferation of financial derivatives over the past decades, options in particular, has underscored the increasing importance of derivative pricing literacy among students, researchers, and practitioners. \u003cb\u003e\u003ci\u003eDerivative Pricing: A Problem-Based Primer\u003c\/i\u003e\u003c\/b\u003e demystifies the essential derivative pricing theory by adopting a mathematically rigorous yet widely accessible pedagogical approach that will appeal to a wide variety of audience. Abandoning the traditional \"black-box\" approach or theorists’ \"pedantic\" approach, this textbook provides readers with a solid understanding of the fundamental mechanism of derivative pricing methodologies and their underlying theory through a diversity of illustrative examples. The abundance of exercises and problems makes the book well-suited as a text for advanced undergraduates, beginning graduates as well as a reference for professionals and researchers who need a thorough understanding of not only \"how,\" but also \"why\" derivative pricing works. It is especially ideal for students who need to prepare for the derivatives portion of the \u003ci\u003eSociety of Actuaries\u003c\/i\u003e Investment and Financial Markets Exam.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eFeatures\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cbr\u003e\u003cbr\u003e\u003cp\u003e\u003c\/p\u003e \u003c\/li\u003e\n\u003cli\u003eLucid explanations of the theory and assumptions behind various derivative pricing models.\u003c\/li\u003e\n\u003cli\u003e\n\u003cbr\u003e\u003cbr\u003e \u003cbr\u003e\u003cbr\u003e\u003cp\u003e\u003c\/p\u003e \u003c\/li\u003e\n\u003cli\u003eEmphasis on intuitions, mnemonics as well as common fallacies. \u003c\/li\u003e\n\u003cli\u003e\n\u003cbr\u003e\u003cbr\u003e \u003cbr\u003e\u003cbr\u003e\u003cp\u003e\u003c\/p\u003e \u003c\/li\u003e\n\u003cli\u003eInterspersed with illustrative examples and end-of-chapter problems that aid a deep understanding of concepts in derivative pricing.\u003c\/li\u003e\n\u003cli\u003e\n\u003cbr\u003e\u003cbr\u003e \u003cbr\u003e\u003cbr\u003e\u003cp\u003e\u003c\/p\u003e \u003c\/li\u003e\n\u003cli\u003eMathematical derivations, while not eschewed, are made maximally accessible.\u003c\/li\u003e\n\u003cli\u003e\n\u003cbr\u003e\u003cbr\u003e \u003cbr\u003e\u003cbr\u003e\u003cp\u003e\u003c\/p\u003e \u003c\/li\u003e\n\u003cli\u003eA solutions manual is available for qualified instructors.\u003c\/li\u003e\n\u003cli\u003e\n\u003cbr\u003e\u003cbr\u003e \u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe Author\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eAmbrose Lo is currently Assistant Professor of Actuarial Science at the Department of Statistics and Actuarial Science at the University of Iowa. He received his Ph.D. in Actuarial Science from the University of Hong Kong in 2014, with dependence structures, risk measures, and optimal reinsurance being his research interests. He is a Fellow of the Society of Actuaries (FSA) and a Chartered Enterprise Risk Analyst (CERA). His research papers have been published in top-tier actuarial journals, such as \u003ci\u003eASTIN Bulletin: The Journal of the International Actuarial Association\u003c\/i\u003e, \u003ci\u003eInsurance: Mathematics and Economics\u003c\/i\u003e, and \u003ci\u003eScandinavian Actuarial Journal\u003c\/i\u003e. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e","brand":"Taylor \u0026 Francis Ltd","offers":[{"title":"Default Title","offer_id":54258258936152,"sku":"9780367734213","price":56.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0278\/1295\/4195\/files\/9780367734213.jpg?v=1768574717","url":"https:\/\/agendabookshop.com\/products\/derivative-pricing","provider":"Agenda Bookshop","version":"1.0","type":"link"}