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One of the most important tasks in finance is to find good mathematical models for financial products, in particular derivatives. However, the more realistic the model, the more practitioners face still-unsolved problems in rigorous mathematics and econometrics, in addition to serious numerical difficulties. The idea behind this book is to use Mathematica® to provide a wide range of exact benchmark models against which inexact models can be tested and verified. In so doing, the author is able to explain when models and numerical schemes can be relied on, and when they can't. Benchmarking is also applied to Monte Carlo simulations. Mathematica's graphical and animation capabilities are exploited to show how a model's characteristics can be visualized in two and three dimensions. The models described are all available on an accompanying CD that runs on most Windows, Unix and Macintosh platforms; to be able fully to use the software, Mathematica 3 is required, although certain features are usable with Mathematica 2.2. This product will prove of inestimable worth for financial instrument valuation and hedging, checking existing models and for analyzing derivatives; it can be used for professional or training purposes in financial institutions or universities, and in MBA courses. |
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ICEfaces 1.8: Next Generation Enterprise Web DevelopmentICEfaces is an Enterprise AJAX framework which allows you to develop modern Web 2.0 applications, using AJAX to implement desktop-like behavior. The integration and handling of such frameworks is a challenge, but ICEfaces is the first enterprise AJAX framework that places the integration aspect at the center of its design. All this is based on a... | | Advanced C / Book and DiskC has become one of the most frequently used computer languages. The first C language was developed by Dennis Ritchie at Bell Laboratories in 1972 and ran on a DEC PDP-11. The ANSI standard for C, which replaced the standard written by Kernighan and Ritchie in 1978, is only a few years old.
C’s structure is similar to PL/I (a... | | Introduction to Wireless Local Loop (Artech House Telecommunications Library)Here's a comprehensive, easy-to-understand guide to the underlying technologies, key selection criteria, and design and deployment processes behind wireless local loop (WLL) systems. This one-source reference helps technical professionals develop a sound understanding of WLL system design procedures, and provides practical guidance on choosing the... |
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