Quantitative Finance for Physicists: An Introduction (Academic Press Advanced Finance) - Hardcover

Schmidt, Anatoly B.

Hardcover

ISBN 10: 012088464X ISBN 13: 9780120884643

Publisher: Academic Press, 2004

Synopsis

With more and more physicists and physics students exploring the possibility of utilizing their advanced math skills for a career in the finance industry, this much-needed book quickly introduces them to fundamental and advanced finance principles and methods.

Quantitative Finance for Physicists provides a short, straightforward introduction for those who already have a background in physics. Find out how fractals, scaling, chaos, and other physics concepts are useful in analyzing financial time series. Learn about key topics in quantitative finance such as option pricing, portfolio management, and risk measurement. This book provides the basic knowledge in finance required to enable readers with physics backgrounds to move successfully into the financial industry.

• Short, self-contained book for physicists to master basic concepts and quantitative methods of finance
• Growing field―many physicists are moving into finance positions because of the high-level math required
• Draws on the author's own experience as a physicist who moved into a financial analyst position

About this title

About the Author

Dr. Anatoly.B. Schmidt holds M.S. and Ph.D. in Physics from Latvian

University, Riga. For more than 10 years, Dr. Schmidt was the lead

modeling scientist at the Latvian Center for Biological, Medical, and

Ecological Research. In the 90s, he was engaged for several years in

development of computational chemistry software and in its applications

to life sciences. His research interests include modeling "of

anything", from biological processes to financial markets. His major

fields of expertise are the statistical physics, in particular, the

theory of fluids, (poly)electrolytes and plasmas, the solvation theory

and its applications in biology, and, most recently, quantitative

finance. Dr. Schmidt is the author of the book "Statistical

thermodynamics of classical plasmas" (Energoatomizdat, Moscow, 1991),

and more than 40 publications in biophysics, statistical and chemical

physics, and econophysics. Dr. A.B. Schmidt has been a financial data

analyst since 1997.

From the Back Cover

Business/Finance

ANATOLY B. SCHMIDT

Quantitative Finance for Physicists
An Introduction

"…What amazes me most in this nicely crafted presentation of hot topics in econometrics, mathematical finance, econophysics, and agent-based modeling is how the selection of topics is well-informed and how these pour out smoothly. I will recommend this book to my own financial economics students as an up-to-date, quick reference companion to classes and the lab." ―Sergio Da Silva, Department of Economics, Federal University of Santa Catarina, Brazil

"… Schmidt's book is the most pedagogical among the few good econophysics books to have appeared in the last years. I am going to use it whenever teaching econophysics to young researchers.... A very positive contribution, giving the new generation of scientists a balanced, interdisciplinary, yet soundly professional background in this fascinating and promising field." ―Sorin Solomon, Professor at the Racah Institute of Physics, Hebrew University of Jerusalem and Director of the Multi-Agent Systems Division at the Institute for Scientific Interchange, Torino

With more and more physicists and physics students exploring the possibility of utilizing their advanced math skills for a career in the finance industry, this much-needed book quickly introduces them to fundamental and advanced finance principles and methods.

Quantitative Finance for Physicists provides a short, straightforward introduction for those who already have a background in physics. Find out how fractals, scaling, chaos, and other physics concepts are useful in analyzing financial time series. Learn about key topics in quantitative finance such as option pricing, portfolio management, and risk measurement. This book provides the basic knowledge in finance required to enable readers with physics backgrounds to move successfully into the financial industry.

Anatoly B. Schmidt is a Financial Data Analyst. He holds a Ph.D. in Physics from Latvian University and has more than forty publications in biophysics, statistical physics, and econophysics.

Edition details

• Publisher: Academic Press
• Publication date: 2004
• ISBN 10: 012088464X
• ISBN 13: 9780120884643
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 184