A Game Theory Analysis of Options

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Publisher : Springer Science & Business Media
ISBN 13 : 9783540206682
Total Pages : 200 pages
Book Rating : 4.2/5 (66 download)

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Book Synopsis A Game Theory Analysis of Options by : Alexandre C. Ziegler

Download or read book A Game Theory Analysis of Options written by Alexandre C. Ziegler and published by Springer Science & Business Media. This book was released on 2004-03-15 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern option pricing theory was developed in the late sixties and early seventies by F. Black, R. e. Merton and M. Scholes as an analytical tool for pricing and hedging option contracts and over-the-counter warrants. How ever, already in the seminal paper by Black and Scholes, the applicability of the model was regarded as much broader. In the second part of their paper, the authors demonstrated that a levered firm's equity can be regarded as an option on the value of the firm, and thus can be priced by option valuation techniques. A year later, Merton showed how the default risk structure of cor porate bonds can be determined by option pricing techniques. Option pricing models are now used to price virtually the full range of financial instruments and financial guarantees such as deposit insurance and collateral, and to quantify the associated risks. Over the years, option pricing has evolved from a set of specific models to a general analytical framework for analyzing the production process of financial contracts and their function in the financial intermediation process in a continuous time framework. However, very few attempts have been made in the literature to integrate game theory aspects, i. e. strategic financial decisions of the agents, into the continuous time framework. This is the unique contribution of the thesis of Dr. Alexandre Ziegler. Benefiting from the analytical tractability of contin uous time models and the closed form valuation models for derivatives, Dr.

Real Options

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Publisher : Oxford University Press on Demand
ISBN 13 : 9780875848457
Total Pages : 246 pages
Book Rating : 4.8/5 (484 download)

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Book Synopsis Real Options by : Martha Amram

Download or read book Real Options written by Martha Amram and published by Oxford University Press on Demand. This book was released on 1999 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using real-world examples and clear case studies, the authors provide investors and managers with an innovative method for assessing a company's non-financial assets, allowing them to assess opportunities whose financial rewards are less than certain.

Binary Options

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Publisher : Harriman House Limited
ISBN 13 : 0857191268
Total Pages : 259 pages
Book Rating : 4.8/5 (571 download)

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Book Synopsis Binary Options by : Hamish Raw

Download or read book Binary Options written by Hamish Raw and published by Harriman House Limited. This book was released on 2011-05-20 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: Binary options are the latest products to hit financial markets. From 5 minute FTSE100 bets offered by online bookmakers, longer duration FTSE100 bets traded on online betting exchanges plus binary bets offered by spreadbetting companies, all are offering the same instrument as the CBOT's binary option on the Fed Funds rate. Hitherto, the largest single marketplace for binary options has been Lloyd's of London where they are known as insurance contracts, while the sports enthusiast is unwittingly buying a binary option every time he takes a price from a sportsbook or bookmaker on this horse or that soccer team. This book takes the same fixed odds bet and illustrates how they operate in the financial marketplace."Binary Options" initially outlines regular bets and explains the rationale defining some basic winning and losing bets. A deeper analysis follows in which the author examines how the value of a bet is dependant on the passing of time, the volatility of the underlying instrument plus the price of the underlying instrument. More advanced bets are introduced with the reader then being shown when and how to profitably use binaries in various market conditions, followed by techniques in how to hedge the position entered into. The same format for regular bets is then followed when discussing one-touch bets. In this first in-depth analysis of binary options, Hamish Raw has ambitiously catered for both the end-user and the market-maker. Diagrams are to be found in abundance throughout this book in order to graphically illustrate the author's points.

Cloud Data Centers and Cost Modeling

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Author :
Publisher : Morgan Kaufmann
ISBN 13 : 0128016884
Total Pages : 848 pages
Book Rating : 4.1/5 (28 download)

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Book Synopsis Cloud Data Centers and Cost Modeling by : Caesar Wu

Download or read book Cloud Data Centers and Cost Modeling written by Caesar Wu and published by Morgan Kaufmann. This book was released on 2015-02-27 with total page 848 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cloud Data Centers and Cost Modeling establishes a framework for strategic decision-makers to facilitate the development of cloud data centers. Just as building a house requires a clear understanding of the blueprints, architecture, and costs of the project; building a cloud-based data center requires similar knowledge. The authors take a theoretical and practical approach, starting with the key questions to help uncover needs and clarify project scope. They then demonstrate probability tools to test and support decisions, and provide processes that resolve key issues. After laying a foundation of cloud concepts and definitions, the book addresses data center creation, infrastructure development, cost modeling, and simulations in decision-making, each part building on the previous. In this way the authors bridge technology, management, and infrastructure as a service, in one complete guide to data centers that facilitates educated decision making. - Explains how to balance cloud computing functionality with data center efficiency - Covers key requirements for power management, cooling, server planning, virtualization, and storage management - Describes advanced methods for modeling cloud computing cost including Real Option Theory and Monte Carlo Simulations - Blends theoretical and practical discussions with insights for developers, consultants, and analysts considering data center development

Every Woman Should Know Her Options

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Publisher :
ISBN 13 : 9780991377404
Total Pages : 0 pages
Book Rating : 4.3/5 (774 download)

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Book Synopsis Every Woman Should Know Her Options by : Laurie Itkin

Download or read book Every Woman Should Know Her Options written by Laurie Itkin and published by . This book was released on 2014-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Filled with easy-to-understand examples and women's stories of wealth-building challenges and successes, Itkins's advice shows you how to take your hard-earned money and grow it in the stock market using options to reduce risk. Whether you hire a financial advisor to manage your money or manage it yourself, this book will put you on the path of financial empowerment."--Back cover.

Real Options in Theory and Practice

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Publisher : Oxford University Press
ISBN 13 : 019993908X
Total Pages : 433 pages
Book Rating : 4.1/5 (999 download)

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Book Synopsis Real Options in Theory and Practice by : Graeme Guthrie

Download or read book Real Options in Theory and Practice written by Graeme Guthrie and published by Oxford University Press. This book was released on 2009-07-16 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision-makers in business and economics face a staggering array of problems. For example, managers of growing firms have to decide when to expand their business, governments have to decide whether to undertake large infrastructure investments, and managers of oil firms must decide how rapidly to deplete their reserves. While these problems seem quite diverse, they all share many important features. In each case, the decision-maker must choose when to take a particular action that will be potentially impossible to reverse, and the consequences of taking (or not taking) that action are uncertain. Also, the timing and nature of these actions directly affect the cash flows generated by the entities they manage. This book explains how techniques originally developed to price financial derivatives can be used to analyze real-world decisions, and provides the tools necessary to put them into practice. The real options analysis approach to decision-making is built on strong theoretical foundations, and is widely discussed in practitioner literature, but often only at a fairly intuitive level. What practitioners need-and what this book delivers-is a structured approach to systematically applying real options analysis to the wide variety of problems they will meet in business and economics. Real Options in Theory and Practice focuses on building up a general approach to solving real options problems from the ground up. Rather than aiming to build a "black box" to solve a small set of standardized real options problems, it describes the building blocks of any successful real options analysis and shows how they can be assembled in a way that is appropriate to the problem being analyzed. For both practitioners and academics, Real Options in Theory and Practice will serve as an authoritative and invaluable resource for those looking for effective and practical solutions to complex, real-life problems.

Put Options

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Publisher : McGraw Hill Professional
ISBN 13 : 9780071416658
Total Pages : 344 pages
Book Rating : 4.4/5 (166 download)

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Book Synopsis Put Options by : Jeffrey M. Cohen

Download or read book Put Options written by Jeffrey M. Cohen and published by McGraw Hill Professional. This book was released on 2003-08-06 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume outlines a complete framework for using put options to the best advantage. The author argues that investors could forsake equities all together and rely solely on put options and still beat major indices.

Trading and Pricing Financial Derivatives

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Publisher : Walter de Gruyter GmbH & Co KG
ISBN 13 : 1547401214
Total Pages : 273 pages
Book Rating : 4.5/5 (474 download)

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Book Synopsis Trading and Pricing Financial Derivatives by : Patrick Boyle

Download or read book Trading and Pricing Financial Derivatives written by Patrick Boyle and published by Walter de Gruyter GmbH & Co KG. This book was released on 2018-12-17 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trading and Pricing Financial Derivatives is an introduction to the world of futures, options, and swaps. Investors who are interested in deepening their knowledge of derivatives of all kinds will find this book to be an invaluable resource. The book is also useful in a very applied course on derivative trading. The authors delve into the history of options pricing; simple strategies of options trading; binomial tree valuation; Black-Scholes option valuation; option sensitivities; risk management and interest rate swaps in this immensely informative yet easy to comprehend work. Using their vast working experience in the financial markets at international investment banks and hedge funds since the late 1990s and teaching derivatives and investment courses at the Master's level, Patrick Boyle and Jesse McDougall put forth their knowledge and expertise in clearly explained concepts. This book does not presuppose advanced mathematical knowledge, though it is presented for completeness for those that may benefit from it, and is designed for a general audience, suitable for beginners through to those with intermediate knowledge of the subject.

Emerging Financial Derivatives

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Author :
Publisher : Routledge
ISBN 13 : 1317638883
Total Pages : 161 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis Emerging Financial Derivatives by : Jerome Yen

Download or read book Emerging Financial Derivatives written by Jerome Yen and published by Routledge. This book was released on 2014-11-27 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exotic options and structured products are two of the most popular financial products over the past ten years and will soon become very important to the emerging markets, especially China. This book first discusses the products' recent development in the world and provides comprehensive overview of the major products. The book also discusses the risks of issuing and buying such products as well as the techniques to price them and to assess the risks. Volatility is the most important factor in determining the return and risk. Therefore, significant part of the book's content discusses how we can measure the volatility by using local and stochastic volatility models — Heston Model and Dupire Model, the volatility surface, the term structure of volatility, variance swaps, and breakeven volatility. The book introduces a set of dimensions which can be used to describe structured products to help readers to classify them. It also describes the more commonly traded exotic options with details. The book discusses key features of each exotic option which can be used to develop structured products and covers their pricing models and when to issue such products that contain such exotic options. This book contains several case studies about how to use the models or techniques to price and hedge risks. These case analyses are illuminating.

Financial Derivatives

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Publisher :
ISBN 13 :
Total Pages : 404 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Financial Derivatives by : Keith Redhead

Download or read book Financial Derivatives written by Keith Redhead and published by . This book was released on 1997 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: A complete, highly accessible introduction to futures, forwards, options and swaps. Covers stock index futures, and short- and long-term interest rate futures. Discusses advanced strategies, including currency forwards and futures, options, arbitrage, Black-Scholes and Binomial option pricing models. Discusses swaps. Presents numerous examples and worked "activities" to illustrate techniques and facilitate self-assessment. Undergraduate and postgraduate introductory courses in financial derivatives, financial markets, institutions and investments.

Options and Derivatives Programming in C++

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Publisher : Apress
ISBN 13 : 1484218140
Total Pages : 273 pages
Book Rating : 4.4/5 (842 download)

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Book Synopsis Options and Derivatives Programming in C++ by : CARLOS OLIVEIRA

Download or read book Options and Derivatives Programming in C++ written by CARLOS OLIVEIRA and published by Apress. This book was released on 2016-09-30 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn how C++ is used in the development of solutions for options and derivatives trading in the financial industry. As an important part of the financial industry, options and derivatives trading has become increasingly sophisticated. Advanced trading techniques using financial derivatives have been used at banks, hedge funds, and pension funds. Because of stringent performance characteristics, most of these trading systems are developed using C++ as the main implementation language. Options and Derivatives Programming in C++ covers features that are frequently used to write financial software for options and derivatives, including the STL, templates, functional programming, and support for numerical libraries. New features introduced in the C++11 and C++14 standard are also covered: lambda functions, automatic type detection, custom literals, and improved initialization strategies for C++ objects. Readers will enjoy the how-to examples covering all the major tools and concepts used to build working solutions for quantitative finance. It includes advanced C++ concepts as well as the basic building libraries used by modern C++ developers, such as the STL and Boost, while also leveraging knowledge of object-oriented and template-based programming. Options and Derivatives Programming in C++ provides a great value for readers who are trying to use their current programming knowledge in order to become proficient in the style of programming used in large banks, hedge funds, and other investment institutions. The topics covered in the book are introduced in a logical and structured way and even novice programmers will be able to absorb the most important topics and competencies. What You Will Learn Grasp the fundamental problems in options and derivatives trading Converse intelligently about credit default swaps, Forex derivatives, and more Implement valuation models and trading strategies Build pricing algorithms around the Black-Sholes Model, and also using the Binomial and Differential Equations methods Run quantitative finance algorithms using linear algebra techniques Recognize and apply the most common design patterns used in options trading Save time by using the latest C++ features such as the STL and the Boost libraries Who This Book Is For Professional developers who have some experience with the C++ language and would like to leverage that knowledge into financial software development. This book is written with the goal of reaching readers who need a concise, algorithms-based book, providing basic information through well-targeted examples and ready to use solutions. Readers will be able to directly apply the concepts and sample code to some of the most common problems faced in the analysis of options and derivative contracts.

Trading Options Greeks

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Publisher : John Wiley & Sons
ISBN 13 : 1118133161
Total Pages : 375 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Trading Options Greeks by : Dan Passarelli

Download or read book Trading Options Greeks written by Dan Passarelli and published by John Wiley & Sons. This book was released on 2012-10-02 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: A top options trader details a practical approach for pricing and trading options in any market condition The options market is always changing, and in order to keep up with it you need the greeks—delta, gamma, theta, vega, and rho—which are the best techniques for valuing options and executing trades regardless of market conditions. In the Second Edition of Trading Options Greeks, veteran options trader Dan Pasarelli puts these tools in perspective by offering fresh insights on option trading and valuation. An essential guide for both professional and aspiring traders, this book explains the greeks in a straightforward and accessible style. It skillfully shows how they can be used to facilitate trading strategies that seek to profit from volatility, time decay, or changes in interest rates. Along the way, it makes use of new charts and examples, and discusses how the proper application of the greeks can lead to more accurate pricing and trading as well as alert you to a range of other opportunities. Completely updated with new material Information on spreads, put-call parity and synthetic options, trading volatility, and advanced option trading is also included Explores how to exploit the dynamics of option pricing to improve your trading Having a comprehensive understanding of the greeks is essential to long-term options trading success. Trading Options Greeks, Second Edition shows you how to use the greeks to find better trades, effectively manage them, and ultimately, become more profitable.

Budget options

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Publisher :
ISBN 13 :
Total Pages : 380 pages
Book Rating : 4.3/5 (129 download)

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Book Synopsis Budget options by : United States. Congressional Budget Office

Download or read book Budget options written by United States. Congressional Budget Office and published by . This book was released on 1977 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Options

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Publisher : McGraw-Hill Professional Publishing
ISBN 13 :
Total Pages : 600 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Financial Options by : Stephen Figlewski

Download or read book Financial Options written by Stephen Figlewski and published by McGraw-Hill Professional Publishing. This book was released on 1990 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Management and Real Options

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Author :
Publisher : Wiley
ISBN 13 : 9780471899341
Total Pages : 0 pages
Book Rating : 4.8/5 (993 download)

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Book Synopsis Financial Management and Real Options by : Jack Broyles

Download or read book Financial Management and Real Options written by Jack Broyles and published by Wiley. This book was released on 2003-01-17 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This concise but well-developed book covers financial management with an international focus. Noted corporate finance specialist Jack Broyles here assists operating managers in attaining the financial objectives of their companies and reporting financial results to owners, creditors, and employees.

An Introduction to Financial Option Valuation

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Publisher : Cambridge University Press
ISBN 13 : 1139457896
Total Pages : 300 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis An Introduction to Financial Option Valuation by : Desmond J. Higham

Download or read book An Introduction to Financial Option Valuation written by Desmond J. Higham and published by Cambridge University Press. This book was released on 2004-04-15 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a lively textbook providing a solid introduction to financial option valuation for undergraduate students armed with a working knowledge of a first year calculus. Written in a series of short chapters, its self-contained treatment gives equal weight to applied mathematics, stochastics and computational algorithms. No prior background in probability, statistics or numerical analysis is required. Detailed derivations of both the basic asset price model and the Black–Scholes equation are provided along with a presentation of appropriate computational techniques including binomial, finite differences and in particular, variance reduction techniques for the Monte Carlo method. Each chapter comes complete with accompanying stand-alone MATLAB code listing to illustrate a key idea. Furthermore, the author has made heavy use of figures and examples, and has included computations based on real stock market data.

Financial Analysis

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Publisher : John Wiley & Sons
ISBN 13 : 1118428927
Total Pages : 320 pages
Book Rating : 4.1/5 (184 download)

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Book Synopsis Financial Analysis by : Steven M. Bragg

Download or read book Financial Analysis written by Steven M. Bragg and published by John Wiley & Sons. This book was released on 2012-06-29 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The latest edition goes beyond ho-hum analysis techniques and provides concrete problem solving. The text is sprinkled with real-world problems (and the analytical tools to solve them) that will be familiar to accounting professionals everywhere. A must-have for anyone looking to improve their company's decision making . . . and their own role in it." —George R. MacEachern President, Grosvenor Financial Services "Steve Bragg has presented yet another comprehensive reference tool for the finance professional. Financial Analysis: A Controller's Guide is the perfect reference guide for today's controller, presenting not only traditional financial analysis information, but also various types of analyses that will benefit any type of organization. This book is a must-have for any financial professional desiring to make a relevant contribution to his/her organization." —Jodi Nefzger, CPP Director of Finance, Masonic Home of Missouri Today's proactive controllers can soar past their mundane responsibilities and become active participants in their corporation's success with the visionary tools found in Steven Bragg's Financial Analysis: A Controller's Guide, Second Edition. Now updated to include analyses of intangible asset measurement and performance improvement as well as evaluation methods to determine which products and services should be eliminated, Financial Analysis: A Controller's Guide, Second Edition helps financial managers upgrade their skills so they can answer their organization's call for company operations reviews, investment evaluations, problem reporting, and special investigation requests. Controllers prepared to address this growing need for more innovative financial analysis will open doors to a variety of promotions and high-level interactions with other departments. Become a highly valued member of your company's infrastructure with the indispensable tools found in Financial Analysis: A Controller's Guide, Second Edition.