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Physics and Finance Volker Ziemann

Physics and Finance By Volker Ziemann

Physics and Finance by Volker Ziemann


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Summary

This book introduces physics students to concepts and methods of finance. Juxtaposing the key methods to applications in both physics and finance articulates both differences and common features, this gives students a deeper understanding of the underlying ideas.

Physics and Finance Summary

Physics and Finance by Volker Ziemann

This book introduces physics students to concepts and methods of finance. Despite being perceived as quite distant from physics, finance shares a number of common methods and ideas, usually related to noise and uncertainties. Juxtaposing the key methods to applications in both physics and finance articulates both differences and common features, this gives students a deeper understanding of the underlying ideas. Moreover, they acquire a number of useful mathematical and computational tools, such as stochastic differential equations, path integrals, Monte-Carlo methods, and basic cryptology. Each chapter ends with a set of carefully designed exercises enabling readers to test their comprehension.


About Volker Ziemann

Volker Ziemann obtained his Ph.D. in accelerator physics from Dortmund University in 1990. After postdoctoral positions in Stanford at SLAC and in Geneva at CERN, where he worked on the design of the LHC, in 1995, he moved to Uppsala where he worked at the electron-cooler storage ring CELSIUS. In 2005, he moved to the physics department where he has since taught physics. He was responsible for several accelerator physics projects at CERN, DESY, and XFEL. In 2014, he received the Thureus prize from the Royal Society of Sciences in Uppsala.


Table of Contents

Chapter 1 - Introduction.- Chapter 2 -Concepts of finance.- Chapter 3 -Portfolio theory and CAPM.- Chapter 4 -Stochastic processes.- Chapter 5 -Black-Scholes differential equation.- Chapter 6 -The Greeks and risk management.- Chapter 7 -Regression models and hypothesis testing.- Chapter 8 -Time series.- Chapter 9 -Bubbles, crashes, fat tails and Levy-stable distributions.- Chapter 10 -Quantum finance and path integrals.- Chapter 11 -Optimal control theory.

Additional information

NPB9783030636425
9783030636425
3030636429
Physics and Finance by Volker Ziemann
New
Hardback
Springer Nature Switzerland AG
2021-01-19
286
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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