The real world is perceived and broken down as data, models and algorithms in the eyes of physicists and engineers. Data is noisy by nature and classical statistical tools have so far been successful in dealing with relatively smaller levels of randomness. The recent emergence of Big Data and the required computing power to analyse them have rendered classical tools outdated and insufficient. Tools such as random matrix theory and the study of large sample covariance matrices can efficient...

What is bat poop used for? How do dogs sweat? Which reptile has three eyes?Young readers can discover amazing, shocking and totally gross facts about animals in this entertaining book. Featuring laugh-out-loud illustrations, this awesome and accessible fact book gives the low-down on some of the weirdest, most remarkable creatures in the world, as well as your pets at home!Includes:• Crazy creatures: komodo dragons, king cobras, duckbilled platypus.....

How heavy is a blue whale's tongue? How lazy is a blobfish? Which fish wrestle with their mouths?Young readers can find out the answers to these questions and more in this fun fact book. With clear, engaging text and vibrant illustrations, kids can get the low-down on the incredible world beneath our oceans in an accessible and entertaining way.Includes:• Deep-sea creatures• Sharks and dolphins• Octopus and squid...

Risk control and derivative pricing have become of major concern to financial institutions, and there is a real need for adequate statistical tools to measure and anticipate the amplitude of the potential moves of the financial markets. Summarising theoretical developments in the field, this 2003 second edition has been substantially expanded. Additional chapters now cover stochastic processes, Monte-Carlo methods, Black-Scholes theory, the theory of the yield curve, and Minority Game. The...

From the winner of the National Book Foundation’s Medal for Distinguished Contribution to American Letters comes a brand new, never before published collection of short storiesFollowing the success of his recent collections, The Cat’s Pajamas and One More for the Road, Ray Bradbury has once again pulled together a stellar group of stories sure to delight readers of all ages. We’ll Always Have Paris is a treasure trove of Bradbury gems—eer...

Do you grow taller in space? Can you hammer in a nail with a banana? Which animal has attractive farts?Packed with 513 questions and answers, young readers can discover amazing, shocking and totally gross facts all about animals science, space, and the human body in this entertaining book.Featuring laugh-out-loud illustrations, this awesome and accessible fact book will amaze and delight readers young and old. Perfect for curious kids aged 7+

This book shows how current and recent market prices convey information about the probability distributions that govern future prices. Moving beyond purely theoretical models, Stephen Taylor applies methods supported by empirical research of equity and foreign exchange markets to show how daily and more frequent asset prices, and the prices of option contracts, can be used to construct and assess predictions about future prices, their volatility, and their probability distributions.

The Nobel Prize-winning Father of Modern Portfolio Theory re-introduces his theories for the current world of investingLegendary economist Harry M. Markowitz provides the insight and methods you need to build a portfolio that generates strong returns for the long runIn Risk-Return Analysis, Markowitz corrects common misunderstandings about Modern Portfolio Theory (MPT) to help advanced financial practitioners dramatically improve their decision m...

A complete guide for professionals with advanced mathematical skills but little or no financial knowledge . . .You’re smart. Logical. Mathematically adept. One of those people who can make quick work of long, difficult equations. But when it comes to managing a financial portfolio and managing risk, you wonder if you’re missing out.Fixed Income Finance is the book for you. It’s the perfect introduction to the concepts, formulas, applications, and m...

An Introduction to the Mathematics of Financial Derivatives is a popular, intuitive text that eases the transition between basic summaries of financial engineering to more advanced treatments using stochastic calculus. Requiring only a basic knowledge of calculus and probability, it takes readers on a tour of advanced financial engineering. This classic title has been revised by Ali Hirsa, who accentuates its well-known strengths while introducing new subjects, updating others, and bringin...

The rewards and dangers of speculating in the modern financial markets have come to the fore in recent times with the collapse of banks and bankruptcies of public corporations as a direct result of ill-judged investment. At the same time, individuals are paid huge sums to use their mathematical skills to make well-judged investment decisions. Here now is the first rigorous and accessible account of the mathematics behind the pricing, construction and hedging of derivative securities. Key c...

Risk management for financial institutions is one of the key topics the financial industry has to deal with. The present volume is a mathematically rigorous text on solvency modeling. Currently, there are many new developments in this area in the financial and insurance industry (Basel III and Solvency II), but none of these developments provides a fully consistent and comprehensive framework for the analysis of solvency questions. Merz and Wüthrich combine ideas from financial mathematics...