By Massimo Morini
A advisor to the validation and possibility administration of quantitative types used for pricing and hedging
Whereas the vast majority of quantitative finance books concentrate on arithmetic and possibility administration books concentrate on regulatory elements, this booklet addresses the weather ignored by way of this literature--the hazards of the versions themselves. This publication begins from regulatory concerns, yet interprets them into functional feedback to minimize the chance of version losses, basing version probability and validation on marketplace adventure and on quite a lot of real-world examples, with a excessive point of element and distinctive operative indications.
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