Modeling the Market

Sergio Focardi is a partner of The Intertek Group. He has authored and co-authored numerous articles, reports, and books on simulation and adaptive methods in research and industry.Caroline Jonas is a partner of the Intertek Group. She has co-authored reports on advanced computational methods in banking and finance.

• About the Authors. Preface. Acknowledgements. PART I: CONCEPT AND METHODS. 1. Basic Concepts. 2. Modeling Under Equilibrium. 3. Technology Developments in the Classical Framework. 4. Models of Non-Equilibrium Markets and Non-Linear Methods. PART II: IMPLEMENTATION. 5. Investment Management. 6. Trading. 7. Risk Management. 8. The Outlook for Adaptive Methods in Finance. PART III: ISSUES AND THE MARKET. 9. The Market for Products and Services. 10. Technology Issues. 11. Management Issues. 12. Future Scenarios. PART IV: THE MATHEMATICS OF UNCERTAINTY AND LEARNING. 13. The Mathematical Handling of Uncertainty. 14. The Representation of Security Markets. 15. The Representation of Market Constraints and Asset Pricing. 16. At the Frontier of Research. 17. Adaptive Computational Methods.