Mastering Derivatives Mathematics: Key to Understanding Complex Financial Risks
The article discusses how the field of Quantitative Finance is growing, especially after the financial crisis. It emphasizes the importance of understanding complex financial products and the need for high numeracy skills. The researchers introduce the use of MATLAB to solve financial problems like pricing exotic options and hedging derivatives. The book covers probability theory, stochastic calculus, and financial engineering, making it accessible to postgraduate students. Overall, the article highlights the significance of mathematical tools in analyzing and managing risks associated with complex financial securities.