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Author: Francis E. H. Tay
Publisher: World Scientific
ISBN: 9789812791375
Category : Business & Economics
Languages : en
Pages : 204
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Book Description
Exotic methods refer to specific functions within general soft computing methods such as genetic algorithms, neural networks and rough sets theory. They are applied to ordinary shares for a variety of financial purposes, such as portfolio selection and optimization, classification of market states, forecasting of market states and data mining. This is in contrast to the wide spectrum of work done on exotic financial instruments, wherein advanced mathematics is used to construct financial instruments for hedging risks and for investment.In this book, particular aspects of the general method are used to create interesting applications. For instance, genetic niching produces a family of portfolios for the trader to choose from. Support vector machines, a special form of neural networks, forecast the financial markets; such a forecast is on market states, of which there are three OCo uptrending, mean reverting and downtrending. A self-organizing map displays in a vivid manner the states of the market. Rough sets with a new discretization method extract information from stock prices."
Author: Francis E. H. Tay
Publisher: World Scientific
ISBN: 9789812791375
Category : Business & Economics
Languages : en
Pages : 204
Get Book
Book Description
Exotic methods refer to specific functions within general soft computing methods such as genetic algorithms, neural networks and rough sets theory. They are applied to ordinary shares for a variety of financial purposes, such as portfolio selection and optimization, classification of market states, forecasting of market states and data mining. This is in contrast to the wide spectrum of work done on exotic financial instruments, wherein advanced mathematics is used to construct financial instruments for hedging risks and for investment.In this book, particular aspects of the general method are used to create interesting applications. For instance, genetic niching produces a family of portfolios for the trader to choose from. Support vector machines, a special form of neural networks, forecast the financial markets; such a forecast is on market states, of which there are three OCo uptrending, mean reverting and downtrending. A self-organizing map displays in a vivid manner the states of the market. Rough sets with a new discretization method extract information from stock prices."
Author: Francis Eng-Hock Tay
Publisher: World Scientific
ISBN: 9814488097
Category : Business & Economics
Languages : en
Pages : 196
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Book Description
Exotic methods refer to specific functions within general soft computing methods such as genetic algorithms, neural networks and rough sets theory. They are applied to ordinary shares for a variety of financial purposes, such as portfolio selection and optimization, classification of market states, forecasting of market states and data mining. This is in contrast to the wide spectrum of work done on exotic financial instruments, wherein advanced mathematics is used to construct financial instruments for hedging risks and for investment. In this book, particular aspects of the general method are used to create interesting applications. For instance, genetic niching produces a family of portfolios for the trader to choose from. Support vector machines, a special form of neural networks, forecast the financial markets; such a forecast is on market states, of which there are three — uptrending, mean reverting and downtrending. A self-organizing map displays in a vivid manner the states of the market. Rough sets with a new discretization method extract information from stock prices. Contents: Financial Forecasting Problem and Data Mining TechniquesGenetic Algorithms and Genetic NichingPortfolio Selection and Optimization Using Genetic OperatorsThe Rough Sets Theory Basics and Its Applications in Economic and Financial ForecastingTime Series Forecasting Using Rough Sets TheoryA Review of Support Vector Machines in Regression EstimationApplication of Support Vector Machines in Financial Time Series ForecastingOther Methods and Their Applications Readership: Researchers and practitioners in soft computing and artificial intelligence, as well as graduate students in related areas. Keywords:
Author:
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ISBN:
Category : Bibliography
Languages : en
Pages : 348
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Book Description
Author: Richard A. Posner
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 776
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Book Description
This classic casebook earned its position as the preeminent work in the field by teaching generations of students the meaning and methods of economic analysis. The Sixth Edition continues to cover every aspect of economic analysis of the law--from common, business, and public International Law to public market regulation, evidence, and the economic theory of democracy.These distinctive features make Economic Analyis of Law such a bestseller: - author Richard A. Posner is a pioneer in law and economics analysis - comprehensive coverage of all key areas, from common law to the constitution - lucid, and user-friendly writing and organization to makes the study of economics more accessible - non-quantitative approach does not assume or require any prior knowledge of mathematics or economics - part and chapter organization is based on legal--not economic--concepts - excellent topical coverage stimulates class discussion - end-of-chapter sections extend learning through problems and suggested further readingsRevised and updated for its Sixth Edition, the casebook now offers: - new coverage in areas such as evidence, intellectual property, public International Law, and the economics of presidential pardons - chapters on antitrust and taxation that have been extensively revised - responses to all questions and problems in the Teacher's ManualLet your students learn economic analysis from the expert who set the standard through his definitive reference, Posner's Economic Analysis of Law, Sixth Edition.
Author: Frans de Weert
Publisher: John Wiley & Sons
ISBN: 1119995183
Category : Business & Economics
Languages : en
Pages : 255
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Book Description
Written by an experienced trader and consultant, Frans de Weert’s Exotic Options Trading offers a risk-focused approach to the pricing of exotic options. By giving readers the necessary tools to understand exotic options, this book serves as a manual to equip the reader with the skills to price and risk manage the most common and the most complex exotic options. De Weert begins by explaining the risks associated with trading an exotic option before dissecting these risks through a detailed analysis of the actual economics and Greeks rather than solely stating the mathematical formulae. The book limits the use of mathematics to explain exotic options from an economic and risk perspective by means of real life examples leading to a practical interpretation of the mathematical pricing formulae. The book covers conventional options, digital options, barrier options, cliquets, quanto options, outperformance options and variance swaps, and explains difficult concepts in simple terms, with a practical approach that gives the reader a full understanding of every aspect of each exotic option. The book also discusses structured notes with exotic options embedded in them, such as reverse convertibles, callable and puttable reverse convertibles and autocallables and shows the rationale behind these structures and their associated risks. For each exotic option, the author makes clear why there is an investor demand; explains where the risks lie and how this affects the actual pricing; shows how best to hedge any vega or gamma exposure embedded in the exotic option and discusses the skew exposure. By explaining the practical implications for every exotic option and how it affects the price, in addition to the necessary mathematical derivations and tools for pricing exotic options, Exotic Options Trading removes the mystique surrounding exotic options in order to give the reader a full understanding of every aspect of each exotic option, creating a useable tool for dealing with exotic options in practice. “Although exotic options are not a new subject in finance, the coverage traditionally afforded by many texts is either too high level or overly mathematical. De Weert's exceptional text fills this gap superbly. It is a rigorous treatment of a number of exotic structures and includes numerous examples to clearly illustrate the principles. What makes this book unique is that it manages to strike a fantastic balance between the theory and actual trading practice. Although it may be something of an overused phrase to describe this book as compulsory reading, I can assure any reader they will not be disappointed.” —Neil Schofield, Training Consultant and author of Commodity Derivatives: Markets and Applications “Exotic Options Trading does an excellent job in providing a succinct and exhaustive overview of exotic options. The real edge of this book is that it explains exotic options from a risk and economical perspective and provides a clear link to the actual profit and pricing formulae. In short, a must read for anyone who wants to get deep insights into exotic options and start trading them profitably.” —Arturo Bignardi
Author:
Publisher:
ISBN:
Category : American literature
Languages : en
Pages : 724
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Book Description
Author:
Publisher:
ISBN:
Category : Electronic journals
Languages : en
Pages : 1664
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Book Description
Author: Nassim Nicholas Taleb
Publisher: John Wiley & Sons
ISBN: 9780471152804
Category : Business & Economics
Languages : en
Pages : 536
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Book Description
Destined to become a market classic, Dynamic Hedging is the only practical reference in exotic options hedgingand arbitrage for professional traders and money managers Watch the professionals. From central banks to brokerages to multinationals, institutional investors are flocking to a new generation of exotic and complex options contracts and derivatives. But the promise of ever larger profits also creates the potential for catastrophic trading losses. Now more than ever, the key to trading derivatives lies in implementing preventive risk management techniques that plan for and avoid these appalling downturns. Unlike other books that offer risk management for corporate treasurers, Dynamic Hedging targets the real-world needs of professional traders and money managers. Written by a leading options trader and derivatives risk advisor to global banks and exchanges, this book provides a practical, real-world methodology for monitoring and managing all the risks associated with portfolio management. Nassim Nicholas Taleb is the founder of Empirica Capital LLC, a hedge fund operator, and a fellow at the Courant Institute of Mathematical Sciences of New York University. He has held a variety of senior derivative trading positions in New York and London and worked as an independent floor trader in Chicago. Dr. Taleb was inducted in February 2001 in the Derivatives Strategy Hall of Fame. He received an MBA from the Wharton School and a Ph.D. from University Paris-Dauphine.
Author: United States. Congress
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 1512
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Book Description
The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)
Author:
Publisher:
ISBN:
Category : Asia
Languages : en
Pages : 510
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Book Description
