Physics of Finance: Gauge Modelling in Non-Equilibrium Pricing

3 avg rating
( 2 ratings by Goodreads )
 
9780471877387: Physics of Finance: Gauge Modelling in Non-Equilibrium Pricing

One of the newest and most controversial approaches to financial pricing. In Physics of Finance the author applies the methods of theoretical physics to financial economics to develop an altogether original method for pricing financial assets that steps outside the equilibrium paradigm in finance.
In Physics of Finance, basic assumptions underlying equilibrium pricing are re-examined, the risk factors hidden in the implications of equilibrium theory and the potential profit in unstable markets are discussed and gauge modelling is introduced.

"synopsis" may belong to another edition of this title.

From the Back Cover:

In Physics of Finance Kirill Ilinski offers the first insight in book form into what could become a totally new approach to pricing financial assets.

Equilibrium asset pricing is a cornerstone of contemporary finance and is widely used for a variety of purposes, from asset allocation to risk management. However, recent events, such as the collapse of Long Term Capital Management has prompted the need to re-examine the basic assumptions underlying equilibrium pricing. In response, and based on several year's research and work that applies the methods of theoretical physics to financial economics, the author has developed an important new approach that steps outside the equilibrium paradigm in finance.

In Physics of Finance:
* Basic assumptions underlying equilibrium pricing are re-examined
* The risk factors hidden in the implications of equilibrium theory and the potential profit in unstable markets are discussed at length
* Gauge modelling, an important new approach to the problem of tackling non-equilibrium pricing, is introduced
Physics of Finance has the potential to set off a new wave of thinking in financial circles. Written by a respected physicist and endorsed by highly regarded financial academics, this book will certainly generate heated debate and keen controversy in the financial community, both in academic and professional circles. Proving invaluable traders and financial engineers. Physics of Finance could be the first major step in a new journey in finance.

"The author applies field theory to non-equilibrium market dynamics thus opening an entirely new view on the subject. The result is a highly entertaining read packed with novel ideas. It will be a constant source of inspiration for both theoretical physicists and financial analysts for years to come"
Oliver Brockhaus, Head of Equity Derivatives Research, Chase

"A fascinating book and an excellent read. Refreshingly different from the thousands of nondescript books on quantitative finance."
Paul Wilmott

From the Inside Flap:

There are already a number of different techniques employed in the world of international finance which claim to give the user an edge, provide a model to predict market behaviour or to price financial assets and derivatives accurately. Each of these techniques has its supporters and detractors, and while some methodologies, such as Black-Scholes, have become predominant, the financial world is constantly on the look-out for new theories which can better and more accurately help the analysts and traders.

Kirill Ilinski, who has been developing and publishing his theory over the past four years, offers in Physics of Finance what could become a totally new method of pricing financial assets, applying the techniques of physics to the world of finance. This book could prove to be the pivotal publication as the next generation of traders and financial engineers begin the search for the next significant stage in modern finance.

"About this title" may belong to another edition of this title.

Top Search Results from the AbeBooks Marketplace

1.

Ilinski, Kirill
Published by Wiley (2017)
ISBN 10: 0471877387 ISBN 13: 9780471877387
New Hardcover Quantity Available: 2
Print on Demand
Seller:
Murray Media
(North Miami Beach, FL, U.S.A.)
Rating
[?]

Book Description Wiley, 2017. Hardcover. Book Condition: New. Never used! This item is printed on demand. Bookseller Inventory # P110471877387

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 93.33
Convert Currency

Add to Basket

Shipping: US$ 1.99
Within U.S.A.
Destination, Rates & Speeds

2.

Kirill Ilinski
Published by Wiley (2001)
ISBN 10: 0471877387 ISBN 13: 9780471877387
New Hardcover First Edition Quantity Available: 1
Seller:
Irish Booksellers
(Rumford, ME, U.S.A.)
Rating
[?]

Book Description Wiley, 2001. Hardcover. Book Condition: New. book. Bookseller Inventory # M0471877387

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 95.67
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

3.

Ilinski, Kirill
Published by Wiley
ISBN 10: 0471877387 ISBN 13: 9780471877387
New Hardcover Quantity Available: 1
Seller:
Cloud 9 Books
(Wellington, FL, U.S.A.)
Rating
[?]

Book Description Wiley. Hardcover. Book Condition: New. 0471877387 New Condition. Bookseller Inventory # NEW7.0187403

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 110.57
Convert Currency

Add to Basket

Shipping: US$ 4.99
Within U.S.A.
Destination, Rates & Speeds

4.

Kirill Illinski
Published by John Wiley and Sons Ltd, United Kingdom (2001)
ISBN 10: 0471877387 ISBN 13: 9780471877387
New Hardcover First Edition Quantity Available: 1
Seller:
The Book Depository US
(London, United Kingdom)
Rating
[?]

Book Description John Wiley and Sons Ltd, United Kingdom, 2001. Hardback. Book Condition: New. 1. Auflage. Language: English . Brand New Book. One of the newest and most controversial approaches to financial pricing. In Physics of Finance the author applies the methods of theoretical physics to financial economics to develop an altogether original method for pricing financial assets that steps outside the equilibrium paradigm in finance. In Physics of Finance, basic assumptions underlying equilibrium pricing are re-examined, the risk factors hidden in the implications of equilibrium theory and the potential profit in unstable markets are discussed and gauge modelling is introduced. Bookseller Inventory # AAH9780471877387

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 119.31
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

5.

Kirill Illinski
Published by John Wiley and Sons Ltd, United Kingdom (2001)
ISBN 10: 0471877387 ISBN 13: 9780471877387
New Hardcover First Edition Quantity Available: 1
Seller:
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description John Wiley and Sons Ltd, United Kingdom, 2001. Hardback. Book Condition: New. 1. Auflage. Language: English . Brand New Book. One of the newest and most controversial approaches to financial pricing. In Physics of Finance the author applies the methods of theoretical physics to financial economics to develop an altogether original method for pricing financial assets that steps outside the equilibrium paradigm in finance. In Physics of Finance, basic assumptions underlying equilibrium pricing are re-examined, the risk factors hidden in the implications of equilibrium theory and the potential profit in unstable markets are discussed and gauge modelling is introduced. Bookseller Inventory # AAH9780471877387

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 121.25
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

6.

Kirill Illinski
Published by John Wiley and#38; Sons (2001)
ISBN 10: 0471877387 ISBN 13: 9780471877387
New Quantity Available: 2
Seller:
Books2Anywhere
(Fairford, GLOS, United Kingdom)
Rating
[?]

Book Description John Wiley and#38; Sons, 2001. HRD. Book Condition: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Bookseller Inventory # FW-9780471877387

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 120.14
Convert Currency

Add to Basket

Shipping: US$ 11.89
From United Kingdom to U.S.A.
Destination, Rates & Speeds

7.

Kirill Ilinski
Published by Wiley 2001-01-09, Chichester (2001)
ISBN 10: 0471877387 ISBN 13: 9780471877387
New Hardcover Quantity Available: 10
Seller:
Blackwell's
(Oxford, OX, United Kingdom)
Rating
[?]

Book Description Wiley 2001-01-09, Chichester, 2001. hardback. Book Condition: New. Bookseller Inventory # 9780471877387

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 126.54
Convert Currency

Add to Basket

Shipping: US$ 7.93
From United Kingdom to U.S.A.
Destination, Rates & Speeds

8.

Kirill Illinski
Published by John Wiley and#38; Sons (2001)
ISBN 10: 0471877387 ISBN 13: 9780471877387
New Quantity Available: > 20
Print on Demand
Seller:
Pbshop
(Wood Dale, IL, U.S.A.)
Rating
[?]

Book Description John Wiley and#38; Sons, 2001. HRD. Book Condition: New. New Book.Shipped from US within 10 to 14 business days.THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Bookseller Inventory # IP-9780471877387

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 136.15
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

9.

Kirill Illinski
Published by John Wiley and Sons Ltd
ISBN 10: 0471877387 ISBN 13: 9780471877387
New Hardcover Quantity Available: 2
Seller:
THE SAINT BOOKSTORE
(Southport, United Kingdom)
Rating
[?]

Book Description John Wiley and Sons Ltd. Hardback. Book Condition: new. BRAND NEW, Physics of Finance: Gauge Modelling in Non-equilibrium Pricing, Kirill Illinski, One of the newest and most controversial approaches to financial pricing. In Physics of Finance the author applies the methods of theoretical physics to financial economics to develop an altogether original method for pricing financial assets that steps outside the equilibrium paradigm in finance. In Physics of Finance, basic assumptions underlying equilibrium pricing are re--examined, the risk factors hidden in the implications of equilibrium theory and the potential profit in unstable markets are discussed and gauge modelling is introduced. Bookseller Inventory # B9780471877387

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 131.08
Convert Currency

Add to Basket

Shipping: US$ 9.17
From United Kingdom to U.S.A.
Destination, Rates & Speeds

10.

Illinski, Kirill
Published by John Wiley & Sons (2016)
ISBN 10: 0471877387 ISBN 13: 9780471877387
New Paperback Quantity Available: 1
Print on Demand
Seller:
Ria Christie Collections
(Uxbridge, United Kingdom)
Rating
[?]

Book Description John Wiley & Sons, 2016. Paperback. Book Condition: New. PRINT ON DEMAND Book; New; Publication Year 2016; Not Signed; Fast Shipping from the UK. No. book. Bookseller Inventory # ria9780471877387_lsuk

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 140.27
Convert Currency

Add to Basket

Shipping: US$ 5.11
From United Kingdom to U.S.A.
Destination, Rates & Speeds

There are more copies of this book

View all search results for this book