How Long to Read Exotic Option Pricing and Advanced Lévy Models

How Long Does it Take to Read Exotic Option Pricing and Advanced Lévy Models?

It takes the average reader 5 hours and 49 minutes to read Exotic Option Pricing and Advanced Lévy Models by Andreas Kyprianou

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

Description

Since around the turn of the millennium there has been a general acceptance that one of the more practical improvements one may make in the light of the shortfalls of the classical Black-Scholes model is to replace the underlying source of randomness, a Brownian motion, by a Lévy process. Working with Lévy processes allows one to capture desirable distributional characteristics in the stock returns. In addition, recent work on Lévy processes has led to the understanding of many probabilistic and analytical properties, which make the processes attractive as mathematical tools. At the same time, exotic derivatives are gaining increasing importance as financial instruments and are traded nowadays in large quantities in OTC markets. The current volume is a compendium of chapters, each of which consists of discursive review and recent research on the topic of exotic option pricing and advanced Lévy markets, written by leading scientists in this field. In recent years, Lévy processes have leapt to the fore as a tractable mechanism for modeling asset returns. Exotic option values are especially sensitive to an accurate portrayal of these dynamics. This comprehensive volume provides a valuable service for financial researchers everywhere by assembling key contributions from the world's leading researchers in the field. Peter Carr, Head of Quantitative Finance, Bloomberg LP. This book provides a front-row seat to the hottest new field in modern finance: options pricing in turbulent markets. The old models have failed, as many a professional investor can sadly attest. So many of the brightest minds in mathematical finance across the globe are now in search of new, more accurate models. Here, in one volume, is a comprehensive selection of this cutting-edge research. Richard L. Hudson, former Managing Editor of The Wall Street Journal Europe, and co-author with Benoit B. Mandelbrot of The (Mis)Behaviour of Markets: A Fractal View of Risk, Ruin and Reward

How long is Exotic Option Pricing and Advanced Lévy Models?

Exotic Option Pricing and Advanced Lévy Models by Andreas Kyprianou is 344 pages long, and a total of 87,376 words.

This makes it 116% the length of the average book. It also has 107% more words than the average book.

How Long Does it Take to Read Exotic Option Pricing and Advanced Lévy Models Aloud?

The average oral reading speed is 183 words per minute. This means it takes 7 hours and 57 minutes to read Exotic Option Pricing and Advanced Lévy Models aloud.

What Reading Level is Exotic Option Pricing and Advanced Lévy Models?

Exotic Option Pricing and Advanced Lévy Models is suitable for students ages 12 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 Exotic Option Pricing and Advanced Lévy Models?

Exotic Option Pricing and Advanced Lévy Models by Andreas Kyprianou 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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