IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789814699525_0002.html
   My bibliography  Save this book chapter

Principles

In: Derivatives Algorithms Volume 1: Bones

Author

Listed:
  • Tom Hyer

Abstract

This is not a book about mathematical methods, nor does it explain any class of models in real detail. (For that purpose, consider the magnum opus of Leif Andersen and Vladimir Piterbarg, on Interest Rate Modeling.) Rather, it is an exposition of the methods needed to describe derivatives and structured financial products in a precise and flexible way, so that both their innate complexity and the complexity of the models for pricing and hedging them them can be controlled. Separation of concerns is a crucial part of this control, and one of our major aims is to demonstrate where this separation may best be accomplished. We also concentrate on the development of reusable components, so we can always understand a given program in terms of large and well-understood atoms; and on a style which encourages clear and concise expression of our intentions.

Suggested Citation

  • Tom Hyer, 2015. "Principles," World Scientific Book Chapters, in: Derivatives Algorithms Volume 1: Bones, chapter 2, pages 5-16, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814699525_0002
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789814699525_0002
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789814699525_0002
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789814699525_0002. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.