How Long to Read Change of Time Methods in Quantitative Finance

How Long Does it Take to Read Change of Time Methods in Quantitative Finance?

It takes the average reader 2 hours and 12 minutes to read Change of Time Methods in Quantitative Finance by Anatoliy Swishchuk

Assuming a reading speed of 250 words per minute. Learn more

Description

This book is devoted to the history of Change of Time Methods (CTM), the connections of CTM to stochastic volatilities and finance, fundamental aspects of the theory of CTM, basic concepts, and its properties. An emphasis is given on many applications of CTM in financial and energy markets, and the presented numerical examples are based on real data. The change of time method is applied to derive the well-known Black-Scholes formula for European call options, and to derive an explicit option pricing formula for a European call option for a mean-reverting model for commodity prices. Explicit formulas are also derived for variance and volatility swaps for financial markets with a stochastic volatility following a classical and delayed Heston model. The CTM is applied to price financial and energy derivatives for one-factor and multi-factor alpha-stable Levy-based models. Readers should have a basic knowledge of probability and statistics, and some familiarity with stochastic processes, such as Brownian motion, Levy process and martingale.

How long is Change of Time Methods in Quantitative Finance?

Change of Time Methods in Quantitative Finance by Anatoliy Swishchuk is 128 pages long, and a total of 33,024 words.

This makes it 43% the length of the average book. It also has 40% more words than the average book.

How Long Does it Take to Read Change of Time Methods in Quantitative Finance Aloud?

The average oral reading speed is 183 words per minute. This means it takes 3 hours to read Change of Time Methods in Quantitative Finance aloud.

What Reading Level is Change of Time Methods in Quantitative Finance?

Change of Time Methods in Quantitative Finance is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Change of Time Methods in Quantitative Finance?

Change of Time Methods in Quantitative Finance by Anatoliy Swishchuk is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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