Bayesian Methods in Finance (Hardcover)

Hardcover. Bayesian Methods in Finance provides a detailed overview of the theory of Bayesian methods and explains their real-world applications to financial modeling. While the principles and concepts explained throughout the book can be used in financial modeling and decision making in general, the authors focus on portfolio management and market risk managementsince these are the areas in finance where Bayesian methods have had the greatest penetration to date. Bayesian Methods in Finance explains and illustrates the foundations of the Bayesian methodology in clear and accessible terms. It provides a unified examination of the use of the Bayesian theory and practice to analyze and evaluate asset management. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.