This is a comprehensive introduction to the brand new theory of conic finance, also referred to as the two-price theory, which determines bid and ask prices in a consistent and fundamentally motivated manner. Whilst theories of one price classically eliminate all risk, the concept of acceptable risks is critical to the foundations of the two-price theory which sees risk elimination as typically unattainable in a modern financial economy. Practical examples and case studies provide the reader with a comprehensive introduction to the fundamentals of the theory, a variety of advanced quantitative models, and numerous real-world applications, including portfolio theory, option positioning, hedging, and trading contexts. This book offers a quantitative and practical approach for readers familiar with the basics of mathematical finance to allow them to boldly go where no quant has gone before.

Applied Conic Finance

Science & Math

Schoutens, Wim

Madan, Dilip

Mathematics

Cambridge University Press

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Books by Madan, Dilip

See the best price to sell, buy, or rent books by Madan, Dilip. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Applied Conic Finance