Value Of Uncertainty, The: Dealing With Risk In The Equity De... - 9781848167728

Value Of Uncertainty, The: Dealing With Risk In The Equity Derivatives MarketAuthor(s): George J Kaye\nFormat: Hardback\nPublisher: Imperial College Press, United Kingdom\nImprint: Imperial College Press\nISBN-13: 9781848167728, 978-1848167728\nSynopsis\nAlong with the extraordinary growth in the derivatives market over the last decade, the impact of model choice, and model parameter usage, has become a major source of valuation uncertainty. This book concentrates on equity derivatives and charts, step by step, how key assumptions on the dynamics of stocks impact on the value of exotics. The presentation is technical, but maintains a strong focus on intuition and practical application.