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"Deals with pricing and hedging financial derivatives.… Computational methods are introduced and the text contains the Excel VBA routines corresponding to the formulas and procedures described in the book. This is valuable since computer simulation can help readers understand the theory….The book…succeeds in presenting intuitively advanced derivative modelling… it provides a useful bridge between introductory books and the more advanced literature." --MATHEMATICAL REVIEWS

• Sales Rank: #265512 in Books
• Brand: Brand: Springer
• Published on: 2005-07-21
• Original language: English
• Number of items: 1
• Dimensions: 6.14" h x .88" w x 9.21" l, 1.53 pounds
• Binding: Hardcover
• 356 pages

Features

• Used Book in Good Condition

Review

From the reviews of the first edition:

"Professor Back has written a superb book on advanced derivatives. The book provides wonderfully clear explanations without sacrificing mathematical accuracy. I highly recommend this book for everyone who wants to understand more about this fascinating and important area."
(Mark Broadie, Columbia University, New York)
"Professor Kerry Back's book fills a void in the derivative literature by providing an excellent and much needed book for a second course in derivatives. The clear presentation and the choice of VBA as the software tool makes this a perfect textbook for such a course. Using VBA via excel is an excellent choice as it exhibits an "open source" environment that is readily available for users."
(Eliezer Z. Prisman, York University, Toronto)

"This book deals with pricing and hedging financial derivatives. … Computational methods are introduced and the text contains the Excel VBA routines corresponding to the formulas and procedures described in the book. This is valuable since computer simulation can help readers understand the theory. … The book under review succeeds in presenting intuitively advanced derivative modelling … . In my opinion, it provides a useful bridge between introductory books and the more advanced literature." (Benjamin Jourdain, Mathematical Reviews, Issue 2006 h)

"This book contains a practical introduction to the mathematics of financial engineering. It can serve as an excellent bridge between the introductory books on derivative securities and those that provide advanced mathematical treatments. … the book presents a very wide spectrum of the problems and methods concerned with pricing and hedging derivatives in a quite accessible way. … it can be strongly recommended not only to be used as a course but also for those wishing to train themselves in this field." (Malgorzata Doman, Zentralblatt MATH, Vol. 1085, 2006)

"The strength of this book is in its clarity in exposition of the complex … modern financial mathematics. The book is self-contained, and a student can learn the key elements of the main toolkits in financial engineering … . Further, the book provides useful exercises and VBA programs so that the students can simulate the results … . I recommend the book to an MBA program … . The book could also be used in some master programs in financial engineering and mathematical finance." (Thomas S. Y. Ho, SIAM Review, Vol. 48 (3), 2006)

From the Publisher
Endorsements:

Professor Back has written a superb book on advanced derivatives. The book provides wonderfully clear explanations without sacrificing mathematical accuracy. I highly recommend this book for everyone who wants to understand more about this fascinating and important area. Mark Broadie, Columbia University, New York

Professor Kerry Back's book fills a void in the derivative literature by providing an excellent and much needed book for a second course in derivatives. The clear presentation and the choice of VBA as the software tool makes this a perfect textbook for such a course. Using VBA via excel is an excellent choice as it exhibits an "open source" environment that is readily available for users. Eliezer Z. Prisman, York University, Toronto

From the Back Cover

This book aims at a middle ground between the introductory books on derivative securities and those that provide advanced mathematical treatments. It is written for mathematically capable students who have not necessarily had prior exposure to probability theory, stochastic calculus, or computer programming. It provides derivations of pricing and hedging formulas (using the probabilistic change of numeraire technique) for standard options, exchange options, options on forwards and futures, quanto options, exotic options, caps, floors and swaptions, as well as VBA code implementing the formulas. It also contains an introduction to Monte Carlo, binomial models, and finite-difference methods.

Most helpful customer reviews

0 of 0 people found the following review helpful.
excellent book
By quant
very practical for financial engineering. you definitely need to have read a beginning book on derivatives before tackling this book. i love this book because it focuses on implementation a lot and also gives a lot of intuition. overall, an excellent book

2 of 2 people found the following review helpful.
It has a number of virtues.
By Palle E T Jorgensen
I have been teaching from the book, and found a number of virtues. I used it in a beginning graduate course, but one which was very interdisciplinary. I aimed at covering all the relevant topics for the subject, not stressing one (too much!) over the others.
Now the book is aimed at MBA students, and I used it in a course with students from a handful of departments.

But for this purpose the level and the details in Kerry Back's book was on target.
It helps student who come with a minimal mathematical background to be able quickly to absorb some main principles.

And at the same time it helps math students to understand ideas from economics and from finance.
The book offers an effective entry into the fundamentals of probability space, random variables, and Black-Scholes.

In particular, it offers insight into Black-Scholes, that doesn't presuppose, on the part of readers, a lot of PDE theory.
Kerry Back's choice of VBA/Excel offers way students can easily start to play with examples, and to generate their own examples.

For my use in a math course, I picked a number of books to use as supplementary reading, for example Oksendal et al, Krylov, Shreve, Wilmott et al, and Baz et al.
Review by Palle Jorgensen, October 2011.

0 of 0 people found the following review helpful.
Excellent for perhaps a third derivatives book.
By Drake Mandrake
First the conclusion: This, along with the standard Hull text, is one of my two favorite derivatives books. I wouldn't recommend this as a first or perhaps even a second derivatives book, but the clear writing, accessibility and interesting perspective based on change of numeraire arguments make it worth picking up. For me the nice thing about this book is that it has encouraged me to think differently about derivatives models. To give you a sense for how the book progresses, at the end of the first chapter the author gives a sketch with a little intuition on how the Black-Scholes Euro call formula can be derived based on the appropriate selection of numeraires. The author builds on the idea throughout the book. Most intermediate level derivative texts have change of numeraire much later in the book or as a lead in to fixed income models, while this book introduces it in the first chapter. Other reviewers have suggested that that the VBA/Excel is an excellent part of this book and I suspect this is true, but there are a number of other books that do a good job with VBA and Excel.

See all 7 customer reviews...

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• Sales Rank: #5502135 in Books
• Brand: Brand: Mark Batty Publisher
• Published on: 2002-01-01
• Original language: English
• Number of items: 80
• Dimensions: 11.65" h x .85" w x 8.15" l, 2.69 pounds
• Binding: Hardcover
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• Sales Rank: #5015488 in Books
• Published on: 2009
• Binding: Hardcover
• 254 pages

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The People of Plato is the first study since 1823 devoted exclusively to the identification of, and relationships among, the individuals represented in the complete Platonic corpus. It provides details of their lives, and it enables one to consider the persons of Plato's works, and those of other Socratics, within a nexus of important political, social, and familial relationships.

Debra Nails makes a broad spectrum of scholarship accessible to the non-specialist. She distinguishes what can be stated confidently from what remains controversial and--with full references to ancient and contemporary sources--advances our knowledge of the men and women of the Socratic milieu.

Bringing the results of modern epigraphical and papyrological research to bear on long-standing questions, The People of Plato is a fascinating resource and valuable research tool for the field of ancient Greek philosophy and for literary, political, and historical studies more generally.

In discrete sections, Nails discusses systems of Athenian affiliation, significant historical episodes that link lives and careers of the late fifth century, and their implications for the dramatic dates of the dialogues. The volume includes a rich array of maps, stemmata, and diagrams, plus a glossary, chronology, plan of the agora in 399 B.C.E., bibliography, and indices.

• Sales Rank: #264743 in Books
• Brand: Brand: Hackett Pub Co Inc
• Published on: 2002-11-15
• Original language: English
• Number of items: 1
• Dimensions: 9.50" h x 6.50" w x 1.00" l, 1.69 pounds
• Binding: Hardcover
• 464 pages

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A treasure-house of vital information, exhaustively and meticulously researched, presented with clarity and verve. Students of Plato's dialogues--and other Socratic writings--will no longer be frustrated by wading through dispersed and difficult to use scholarly tomes to find out about Meno's family and career or Plato's brothers or uncles or who Thucydides son of Melesias was, and his relation to the historian. With philosophical readers foremost in mind, Nails tells all. From now on, anyone reading Plato will always have this book nearby. --John M. Cooper, Princeton University

A unique scholarly resource, brimming with information practically inaccessible elsewhere, this painstakingly constructed work keeps one constantly engaged with the historical reality behind Plato's speculative universe. --Lloyd P. Gerson, University of Toronto

A permanent contribution to scholarship of the highest order, this beautifully-produced and engagingly-written book will be around as long as Plato is read. If you want to know who the son of Smicrion is, and you should, this book will tell you and amuse you in the process! --C. D. C. Reeve, The University of North Carolina at Chapel Hill

About the Author

Debra Nails is Professor of Philosophy, Michigan State University.

Most helpful customer reviews

0 of 0 people found the following review helpful.
A Great Resource
By Alan E. Johnson
This book is a valuable resource for students of Plato's dialogues and letters (authentic or otherwise). The author writes in her introduction that she has also "included for convenience persons from the Socratica of Xenophon, Aeschines, Antisthenes, and Phaedo, and persons associated with Plato's maturity." She states that she "aimed to write a useful book, a one-volume reference to the people of Socrates' milieu that could also assist further research on these individuals." I have not and will not read the book cover to cover. However, I will keep the book handy and consult it as I continue my study of Plato and Xenophon, in particular.

Although the book is somewhat expensive, it is not necessarily more expensive than many academic books. I was fortunate to receive an Amazon holiday gift card and decided to use it, in part, for this book. I believe this will prove to be a wise investment.

2 of 2 people found the following review helpful.
The People of Plato: Endless Fodder for the Imagination
By Aristophanes
This book is great for a Plato-lover. There are so many characters in Plato, and this book gives you all the little tantalizing details that help you to envisage what it was really like to walk and talk with Socrates. Oh, and this book is an invaluable resource for the serious Plato scholar. It is a reference book, not the kind of book that you read cover to cover, but it is the kind of reference book you can flip through at a spare moment and enjoy what you stumble upon. Yes it is expensive, but if you are dedicated to Plato it is worth it.

0 of 0 people found the following review helpful.
Four Stars
By Anastacio
Excellent product, worth the purchase!

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Thermodynamics, Kinetic Theory, and Statistical Thermodynamics (3rd Edition), by Francis W. Sears, Gerhard L. Salinger

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This text is a major revision of An Introduction to Thermodynamics, Kinetic Theory, and Statistical Mechanics by Francis Sears. The general approach has been unaltered and the level remains much the same, perhaps being increased somewhat by greater coverage. The text is particularly useful for advanced undergraduates in physics and engineering who have some familiarity with calculus.

• Sales Rank: #241198 in Books
• Published on: 1975-01-11
• Ingredients: Example Ingredients
• Original language: English
• Number of items: 1
• Dimensions: 9.56" h x 1.14" w x 6.42" l, 1.10 pounds
• Binding: Hardcover
• 454 pages

Most helpful customer reviews

7 of 10 people found the following review helpful.
Consider this book as a secondary reference
By Reviewer
Not very useful.

That was my first impression of this book. Suppose I had left my review to the three words above. You would have been left with an empty feeling with expectations unfulfilled, wondering if there was more to it than just those words. You'd probably say my review wasn't very helpful.

Well, that about sums up my feelings for this text. Every time I open it for reference, I read a few pages, looking for something that just doesn't seem to be there. I am left with expectations unfulfilled, wondering if I was missing something. I usually put it back on the shelf and move to the next book, thinking "Hmm. That wasn't very helpful."

This book sits in my library next to the Callen text on thermo and stat mech. I also have a copy of Reichl's stat mech text. Between Salinger, Callen, and Reichl, one might begin to get a handle on the subject, but not one of these books is the *definitive* text on the subject. I haven't found that one yet. I would suggest that if one is looking for yet another reference text, put this one in the number 2 or number 3 slot on your list.

1 of 1 people found the following review helpful.
The problems at the end of the chapters are not as good as the ones you'll find in Schroder or other ...
By agnieszka
Most of the book is devoted to thermodynamics and it doesn't introduce statistical mechanics until the final chapters. As an undergraduate text it provides all you'll need for a solid foundation in thermal physics and it's a bit more rigorous than Schroeder. The problems at the end of the chapters are not as good as the ones you'll find in Schroder or other standard texts, and are often ambiguously worded. Answers to problems are in the back of the book which lets you check your work (there isn't a solutions manual). It's a book that will get you by the thermal physics portion of the GRE, but I find my knowledge in statistical mechanics to be lacking after a semester with this book. Overall, I think this textbook is better for classical thermodynamics and the Schroeder book is better for statistical mechanics.

5 of 14 people found the following review helpful.
Excellent, balanced treatment.
By A Customer
This is the best introductory thermo, stat mech book available. Very clear with a nice set of problems.

See all 6 customer reviews...

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[K187.Ebook] PDF Download Asimov on Physics, by Isaac Asimov

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Asimov on Physics, by Isaac Asimov

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Rear cover notes: "Once again, the vast scientific knowledge and engaging imagination of Isaac Asimov illuminates many of physics' most challenging puzzles: what is the tiniest particle of time (how small can a second get?), is there an ultimate highest temperature (how hot is hottest?), in the tantalizing sub-universe of the neutrino are there particles without mass (can something exist without being there?), and perhaps most baffling of all, can any scientist explain what entropy means (does a law of physics exist only in double talk?). Using such diverse and fascinating sources as high school gym class, Porgy and Bess, and Shakespeare to illustrate its points, ASIMOV ON PHYSICS brings the laws of our universe from the mysterious reaches of the unknown and places them squarely in our lives. From the simplest acts of everyday life - walking, hearing, seeing - we are introduced into the exhilarating world of physics - gravity, ultrasonics, light-eating black holes - a world that at first may seem impossible to understand, but through the magic of Asimov, becomes as enjoyable and intriguing as a night sky full of stars. With photographs and biographical sketches."

• Sales Rank: #476895 in Books
• Published on: 1979-06
• Original language: English
• Number of items: 1
• Binding: Mass Market Paperback
• 254 pages

Most helpful customer reviews

7 of 7 people found the following review helpful.
The Good Doctor Talks Physics
By John M. Ford
This book collects seventeen of Isaac Asimov's essays on physics that appeared between December 1958 and October 1965 in The Magazine of Fantasy and Science Fiction. They cover the full range of physics mysteries, from subatomic particles to the larger-than-Earth objects of outer space. Three of the more interesting chapters are:

"Catching Up with Newton" explains the equations and influence of gravity, using examples from Earth, near-Earth orbit, the moon, and more distant points of interest in the solar system. Asimov gently takes "newsmen" to task for their misconceptions about this topic.

"The Ultimate Split of the Second" explores the challenges of measuring--and understanding--very short time intervals. We learn about subatomic particles, the speed of light, and how to measure distance between our sun and other stars.

"Order! Order!" takes on the difficult concept of entropy, that the universe proceeds inevitably toward decreased organization over time. Asimov reviews the history of this idea, crediting historical figures with key insights and blaming them for their poor explanations.

The physics in these essays is now partially out of date. But they are worth reading to admire The Good Doctor's simple explanations, everyday analogies, and easy conversational style. Isaac Asimov is the early master of popular science writing and should be remembered. Readers may also enjoy Asimov on Chemistry, Asimov On Astronomy, and Asimov On Numbers.

8 of 8 people found the following review helpful.
Physics for mortals
By Stratiotes Doxha Theon
One of the best introductions to physics ever written. Conscise and plain even for the most novice science reader. Before the "for Dummies" series there was the "Asimov on" series and this was the best of that series. Higly recommended especially for the young person who enjoys science but also good for developing a love for physics in the first place.

7 of 7 people found the following review helpful.
Nearly 50 years between readings, and I can STILL recommend it to friends and family!
By H. M. Rothman
I was introduced to this series [Asimov On ...] in high school;
I read this in high school, and thought it taught me a lot.
I bought it for my children [and re-read it],
and it is *still* well-worth the read.

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[M608.Ebook] Free PDF Mischief and the Masters (Masters of the Shadowlands) (Volume 12), by Cherise Sinclair

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She wants a short, sweet Master. One Master.
The two devastatingly dominant Drago cousins have other ideas.

Her life destroyed by a stalker, Uzuri Cheval starts anew in Tampa and joins the exclusive Shadowlands club. Unconvinced of her claims that she can overcome her fear of big men without help, Master Z gives her a time limit. And she is improving--until she hears the stalker is out of prison. Now her time limit is up, and the Masters will intervene, which is okay--as long as whoever helps her is short. Okay, sweet and gentle would be good, too.

But two Doms? Dangerously experienced and dauntingly powerful cousins? No way.

Having volunteered in every hellhole in the world, Dr. Alastair Drago is ready to settle down. Detective Max Drago has joined him and, once again, the cousins share everything. A house, lives, problems…and whatever submissive catches their interest. One mischievous submissive has definitely caught Alastair’s. However, having been burned by a woman, Max remains detached…until little mischief’s troubles turn deadly.

Mischief and the Masters is the latest book in the bestselling Masters of the Shadowlands series. If you enjoy edgy ménage and dominance spiced with humor and suspense, you’ll love Cherise Sinclair’s latest romance.

This book had it all… Another great addition in one of my all time favorite series!!
~ SnS Reviews

• Sales Rank: #18023 in Books
• Published on: 2016-11-13
• Original language: English
• Dimensions: 8.00" h x .99" w x 5.25" l,
• Binding: Paperback
• 436 pages

About the Author
Whenever I ask for BDSM recommendations, I am told the same two words all the time: Cherise Sinclair.
~ Under the Covers Reviews

Authors often say their characters argue with them. Unfortunately, since Cherise Sinclair’s heroes are Doms, she never, ever wins.

A New York Times and USA Today bestselling author, she’s renowned for writing heart-wrenching romances with laugh-out-loud dialogue, devastating Dominants, and absolutely sizzling sex. And did I mention the BDSM? Her awards include a National Leather Award, Romantic Times Reviewer’s Choice nomination, and Best Author of the Year from the Goodreads BDSM group.

Fledglings having flown the nest, Cherise, her beloved husband, and one fussy feline live in the Pacific Northwest where nothing is cozier than a rainy day spent writing.

Search out Cherise in the following places:

Website: www.CheriseSinclair.com

Facebook: https://www.facebook.com/CheriseSinclairAuthor

Goodreads: http://www.goodreads.com/author/show/2882485.Cherise_Sinclair

Pinterest: http://www.pinterest.com/cherisesinclair/

Sent only on the day of a new release, Cherise’s newsletters contain freebies, excerpts, upcoming events, and articles. Sign up here: http://www.CheriseSinclair.com/NewsletterForm

Most helpful customer reviews

5 of 5 people found the following review helpful.
Another great addition in one of my all time favorite series!!
By Cindy O
Shadowlands favorite prankster finally meets her match in two sexy Doms. For two years Uzuri has avoided telling her story and facing her past. Master Z gave her a time limit to do both and that time has come – and we all know Master Z always gets his way.

Uzuri Cheval left a horrific past behind and moved to Florida. She has a great job as a fashion buyer for a huge department store, and she has made friends with fellow subbies. Uzuri is the type of friend that would give you the shirt off her back if you needed it but yet if she needed to call on a friend for help she never do it. Her past left her with many fears. Along with not having the confidence in thinking her friends would be there for her she is also scared of large men which has made it impossible for her to find a Dom to top her. When strange things start happening she fears her past has come back and her take flight instincts kick into high gear.

We all know how Master Z likes to play matchmaker and he's set his eyes on Alastair and Max Drago to be the Dom's who finally break down all the barriers that Uzuri has built up. Problem is Alastair is the only one ready to settled down, his cousin Max not so much due to something from his past.

This book had it all. There were so many laugh out loud scenes between the Shadowkittens. Finally getting to know the pasts of Uzuri, Alastair and Max and how all three of them help the other deal not only with their past but also help each other deal when they have a bad day at work. There is also plenty of suspense and let me tell you the final showdown was twisted. If Cherise ever wanted to branch out into writing serial killer books I'd think she be a master at it (' get it)

Another great addition in one of my all time favorite series!!

4 of 4 people found the following review helpful.
Great Series, Ok Book
By Rachael Ragsdale
I really enjoy this series, and loved getting to read Uzuri's story. However, not a great book in the series. I'm a little over the female characters having a past of abuse. After the first couple of books that keeps coming up over and over. It's kind of like she combined Andrea and Beth's issues and got the story line for Uzuri. Then throw in two doms.

Additionally, this book just needed some editing. There are continuity errors. For example, in Andrea and Cullen's book, Cullen's mom is passed. However, in this book he has a mother/son dance at the wedding. Also, slightly offensive language. Like describing eyes as having an oriental tilt, is culturally insensitive. In previous books Uzuri's hair was described as kinky. Not really ok either. I'm going to keep reading the series, because I love the characters. However, this book felt a little thrown together and not really loved on enough.

3 of 3 people found the following review helpful.
Too much recycled material.
By Moony Blues
I finished the book around 2:00am last night and decided to sleep and reflect on it before reviewing. It was merely okay. I've loved this series, and the Masters of the Mountain/Masters of Dark Haven series, for a while now. But there were too many elements and plot devices in this book that appeared in previous books for my liking.

It echoed If Only almost point for point. Insecure submissive, in this case Uzuri, gets injured and two of the Masters of the Shadowlands take her home for a few days to keep an eye on her recovery. She decides to have them help her with a serious issue, so she moves in for a while. Something bad happens, and she assumes all of the blame and guilt, breaking off the relationship and running away. Sound familiar to anyone else? Granted, that isn't the entire plot. Phsycotic stalkers seem to exist in larger numbers in Sinclair's world than they do in reality. It seems to be one of her favorite plot devices.

In addition to the recycled material, the characters are becoming stale and almost two-dimensional. Uzuri isn't the first of the Shadowlands submissives to have deep personal issues that come from a past lover who turned out to be a crazed stalker. Max isn't the only LEO in the series to have occasional troubles dealing with the stress of his job. Alastair isn't the first medical professional who lets patient situations beyond his control come home with him to bleed all over the people for whom he cares. Sinclair has found comfortable niches with these kinds of characters and situations and doesn't seem to want to try anything different.

Also, for being the supposed worst pranksters in the club, Uzuri didn't seem to be as into the pranks as her reputation. Sally was more active and creative in If Only, despite her own deep personal issues. It certainly didn't fit with Uzuri's characterization in previous books.

Bottom line? After 11 books and a novella, Cherise Sinclair has become entirely too comfortable with this series, and she's left the door open for more. I will give the next one a try, but if it isn't substantially better than this one, I'll not read further in the series. Overall, Mischief and the Masters was okay, and if you've stuck with the series this far and want to know why Uzuri is the way she is, it might be worth your while. Otherwise, you might not find it to be worth your time.

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