About this product

Product Identifiers

PublisherCambridge University Press

ISBN-100521840457

ISBN-139780521840453

eBay Product ID (ePID)30753302

Product Key Features

Number of Pages332 Pages

LanguageEnglish

Publication NameQuantum Finance : Path Integrals and Hamiltonians for Options and Interest Rates

SubjectPhysics / Quantum Theory, Statistics

Publication Year2004

TypeTextbook

Subject AreaScience, Business & Economics

AuthorBelal E. Baaquie

FormatHardcover

Dimensions

Item Height0.9 in

Item Weight30.5 Oz

Item Length10.1 in

Item Width7.2 in

Additional Product Features

Intended AudienceScholarly & Professional

LCCN2004-045816

Dewey Edition22

IllustratedYes

Dewey Decimal332.6322830151539

Table Of ContentForeword; Preface; Acknowledgements; 1. Synopsis; Part I. Fundamental Concepts of Finance: 2. Introduction to finance; 3. Derivative securities; Part II. Systems with Finite Number of Degrees of Freedom: 4. Hamiltonians and stock options; 5. Path integrals and stock options; 6. Stochastic interest rates' Hamiltonians and path integrals; Part III. Quantum Field Theory of Interest Rates Models: 7. Quantum field theory of forward interest rates; 8. Empirical forward interest rates and field theory models; 9. Field theory of Treasury Bonds' derivatives and hedging; 10. Field theory Hamiltonian of forward interest rates; 11. Conclusions; Appendix A: mathematical background; Brief glossary of financial terms; Brief glossary of physics terms; List of main symbols; References; Index.

SynopsisFinancial mathematics is currently almost completely dominated by stochastic calculus. Presenting a completely independent approach, this book applies the mathematical and conceptual formalism of quantum mechanics and quantum field theory (with particular emphasis on the path integral) to the theory of options and to the modeling of interest rates. Many new results, accordingly, emerge from the author's perspective., This book applies the mathematics and concepts of quantum mechanics and quantum field theory to the modelling of interest rates and the theory of options. Particular emphasis is placed on path integrals and Hamiltonians. Financial mathematics is dominated by stochastic calculus. The present book offers a formulation that is completely independent of that approach. As such many results emerge from the ideas developed by the author. This work will be of interest to physicists and mathematicians working in the field of finance, to quantitative analysts in banks and finance firms and to practitioners in the field of fixed income securities and foreign exchange. The book can also be used as a graduate text for courses in financial physics and financial mathematics., This book applies the mathematics and concepts of quantum mechanics and quantum field theory to the modelling of interest rates and the theory of options. This work will be of use to anyone working in the field of finance and as a graduate text.

LC Classification NumberHG6042 .B33 2004