Physics of Finance

Gauge Modelling in Non-Equilibrium Pricing

Inbunden, Engelska, 2001

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One of the newest and most controversial approaches to financial pricing. In Physics of Finance the author applies the methods of theoretical physics to financial economics to develop an altogether original method for pricing financial assets that steps outside the equilibrium paradigm in finance.In Physics of Finance, basic assumptions underlying equilibrium pricing are re-examined, the risk factors hidden in the implications of equilibrium theory and the potential profit in unstable markets are discussed and gauge modelling is introduced.

Produktinformation

Utgivningsdatum2001-01-09
Mått174 x 256 x 25 mm
Vikt794 g
FormatInbunden
SpråkEngelska
SerieFrontiers in Finance Series
Antal sidor340
FörlagJohn Wiley & Sons Inc
ISBN9780471877387

Tillhör följande kategorier

Fysik inom Naturvetenskap och teknik
Finansiering inom Ekonomi och ledarskap

Kirill Ilinski graduated from the Physics Department of Leningrad State University. He received his PhD in mathematical physics from the Leningrad Branch of the Steklov Mathematical Institute of the Russian Academy of Sciences. He spent five years as a Research Fellow in the School of Physics at the University of Birmingham, where he became interested in applications of methods of theoretical physics to financial economics, and attracted the attention of both financial researchers and practitioners by introducing gauge modelling of asset prices out of equilibrium. He has written over 50 articles on financial mathematics, mathematical physics, mathematical methods in statistical physics and the theory of correlated systems. Dr Ilinski has joined the Equity Derivatives Desk at Chase Manhattan in London.