How Long to Read Extreme Financial Risks and Asset Allocation

How Long Does it Take to Read Extreme Financial Risks and Asset Allocation?

It takes the average reader 6 hours and 14 minutes to read Extreme Financial Risks and Asset Allocation by Olivier Le Courtois

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

Description

Each financial crisis calls for — by its novelty and the mechanisms it shares with preceding crises — appropriate means to analyze financial risks. In Extreme Financial Risks and Asset Allocation, the authors present in an accessible and timely manner the concepts, methods, and techniques that are essential for an understanding of these risks in an environment where asset prices are subject to sudden, rough, and unpredictable changes. These phenomena, mathematically known as “jumps”, play an important role in practice. Their quantitative treatment is generally tricky and is sparsely tackled in similar books. One of the main appeals of this book lies in its approachable and concise presentation of the ad hoc mathematical tools without sacrificing the necessary rigor and precision. This book contains theories and methods which are usually found in highly technical mathematics books or in scattered, often very recent, research articles. It is a remarkable pedagogical work that makes these difficult results accessible to a large readership. Researchers, Masters and PhD students, and financial engineers alike will find this book highly useful. Contents:IntroductionMarket FrameworkStatistical Description of MarketsLévy ProcessesStable Distributions and ProcessesLaplace Distributions and ProcessesThe Time Change FrameworkTail DistributionsRisk BudgetsThe Psychology of RiskMonoperiodic Portfolio ChoiceDynamic Portfolio ChoiceConclusion Readership: Researchers, graduate students and financial engineers in the field of mathematical and quantitative finance. Key Features:This book offers an excellent synthesis of the academic literature in a clear, ordered, and intuitive wayThe continuous-time theory of the choice of portfolio is exposed with particular care when asset dynamics are modeled with processes admitting a jump component. This is a technically difficult topic that is tackled here with a lot of clarityThe collated works in this book facilitates access to the most recent techniques, making it user-friendly for readersKeywords:Lévy Process;Extreme Risks;Risk Management;Portfolio Management;Asset AllocationReviews: “A pedagogical work of updated financial models using Lévy processes. Very well written, very well explained and argued with examples and appropriate simulations. Recommended to academics, researchers and PhD students, slightly less to practitioners.” Zentralblatt MATH

How long is Extreme Financial Risks and Asset Allocation?

Extreme Financial Risks and Asset Allocation by Olivier Le Courtois is 372 pages long, and a total of 93,744 words.

This makes it 126% the length of the average book. It also has 115% more words than the average book.

How Long Does it Take to Read Extreme Financial Risks and Asset Allocation Aloud?

The average oral reading speed is 183 words per minute. This means it takes 8 hours and 32 minutes to read Extreme Financial Risks and Asset Allocation aloud.

What Reading Level is Extreme Financial Risks and Asset Allocation?

Extreme Financial Risks and Asset Allocation 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 Extreme Financial Risks and Asset Allocation?

Extreme Financial Risks and Asset Allocation by Olivier Le Courtois 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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