{"product_id":"financial-models-with-levy-processes-and-volatility-clustering-9780470482353","title":"Financial Models with Levy Processes and Volatility Clustering","description":"An in-depth guide to understanding probability distributions and financial modeling for the purposes of investment management \u003cp\u003eIn \u003ci\u003eFinancial Models with L vy Processes and Volatility Clustering\u003c\/i\u003e, the expert author team provides a framework to model the behavior of stock returns in both a univariate and a multivariate setting, providing you with practical applications to option pricing and portfolio management. They also explain the reasons for working with non-normal distribution in financial modeling and the best methodologies for employing it.\u003c\/p\u003e \u003cp\u003eThe book's framework includes the basics of probability distributions and explains the alpha-stable distribution and the tempered stable distribution. The authors also explore discrete time option pricing models, beginning with the classical normal model with volatility clustering to more recent models that consider both volatility clustering and heavy tails.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eReviews the basics of probability distributions\u003c\/li\u003e \u003cli\u003eAnalyzes a continuous time option pricing model (the so-called exponential L vy model)\u003c\/li\u003e \u003cli\u003eDefines a discrete time model with volatility clustering and how to price options using Monte Carlo methods\u003c\/li\u003e \u003cli\u003eStudies two multivariate settings that are suitable to explain joint extreme events\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eFinancial Models with L vy Processes and Volatility Clustering\u003c\/i\u003e is a thorough guide to classical probability distribution methods and brand new methodologies for financial modeling.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Wiley\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 02\/08\/2011\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780470482353\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 416\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.45lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.10h x 5.90w x 1.40d","brand":"Svetlozar T. Rachev, Young Shin Kim, Michele L. Bianchi","offers":[{"title":"Default Title","offer_id":40720953835701,"sku":"9780470482353","price":93.5,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0473\/0804\/6492\/products\/img_9d75cb6a-89bf-4422-98a2-8cb3bd3955bf.jpg?v=1628604499","url":"https:\/\/pastforward.org\/products\/financial-models-with-levy-processes-and-volatility-clustering-9780470482353","provider":"Past Forward","version":"1.0","type":"link"}