--- product_id: 5155839 title: "Frequently Asked Questions in Quantitative Finance" price: "£63.23" currency: GBP in_stock: true reviews_count: 13 url: https://www.desertcart.co.uk/products/5155839-frequently-asked-questions-in-quantitative-finance store_origin: GB region: United Kingdom --- # Frequently Asked Questions in Quantitative Finance **Price:** £63.23 **Availability:** ✅ In Stock ## Quick Answers - **What is this?** Frequently Asked Questions in Quantitative Finance - **How much does it cost?** £63.23 with free shipping - **Is it available?** Yes, in stock and ready to ship - **Where can I buy it?** [www.desertcart.co.uk](https://www.desertcart.co.uk/products/5155839-frequently-asked-questions-in-quantitative-finance) ## Best For - Customers looking for quality international products ## Why This Product - Free international shipping included - Worldwide delivery with tracking - 15-day hassle-free returns ## Description Getting agreement between finance theory and finance practice is important like never before. In the last decade the derivatives business has grown to a staggering size, such that the outstanding notional of all contracts is now many multiples of the underlying world economy. No longer are derivatives for helping people control and manage their financial risks from other business and industries, no, it seems that the people are toiling away in the fields to keep the derivatives market afloat! (Apologies for the mixed metaphor!) If you work in derivatives, risk, development, trading, etc. you'd better know what you are doing, there's now a big responsibility on your shoulders. In this second edition of Frequently Asked Questions in Quantitative Finance I continue in my mission to pull quant finance up from the dumbed-down depths, and to drag it back down to earth from the super-sophisticated stratosphere. Readers of my work and blogs will know that I think both extremes are dangerous. Quant finance should inhabit the middle ground, the mathematics sweet spot, where the models are robust and understandable, and easy to mend. …And that's what this book is about. This book contains important FAQs and answers that cover both theory and practice. There are sections on how to derive Black-Scholes (a dozen different ways!), the popular models, equations, formulae and probability distributions, critical essays, brainteasers, and the commonest quant mistakes. The quant mistakes section alone is worth trillions of dollars! I hope you enjoy this book, and that it shows you how interesting this important subject can be. And I hope you'll join me and others in this industry on the discussion forum on wilmott.com. See you there!” FAQQF2 ...including key models, important formulae, popular contracts, essays and opinions, a history of quantitative finance, sundry lists, the commonest mistakes in quant finance, brainteasers, plenty of straight-talking, the Modellers' Manifesto and lots more. Review: FAQ - I believe that this book accomplishes its intention: help students and users to get a quick entry into the subjects of use in finance. One first impression that jumped out was the author's (PW) delightful sense of humor. ("Magicians and mathematicians!") PW has taught and practiced this stuff, and it shows. A big part is mathematical finance, and a big part of this is based on certain stochastic differential equations, the Black-Scholes equation for the computation of the value of options. It uses the geometric Brownian motion which is also explained from a practical viewpoint. The book takes both a narrow and a wide view. Illustration: (i) It offers both short answers and long ones; the latter include mathematical formulae. (ii) For the particular tasks at hand, the author offers an overview of the tools needed, mathematical tools figuring prominently. (iii) List of keywords, with enlightening discussion and answers. Guides to the literature, etc. (vi) There is a list of options and derivatives that are used: Accrual, American, European, Asian, Asset swap, Balloon option, Barrier option, Basket option, Bermuda option, Call and put options, Cap, Cliquet option, and more. The book concludes with a list of tips for folks interviewing in banks and in the financial industry: typical questions! What to say, and what not! Review by Palle Jorgensen, July 2011. Review: Great quant book - This is a great book! It has wide collection of FAQ and much more other materials. I also like author's writing style. ## Technical Specifications | Specification | Value | |---------------|-------| | Best Sellers Rank | #1,100,809 in Books ( See Top 100 in Books ) #510 in Business Finance #1,761 in Economics (Books) #3,948 in Finance (Books) | | Customer Reviews | 4.4 out of 5 stars 79 Reviews | ## Images ![Frequently Asked Questions in Quantitative Finance - Image 1](https://m.media-amazon.com/images/I/71AL3uv-xpL.jpg) ## Customer Reviews ### ⭐⭐⭐⭐⭐ FAQ *by P***N on July 23, 2011* I believe that this book accomplishes its intention: help students and users to get a quick entry into the subjects of use in finance. One first impression that jumped out was the author's (PW) delightful sense of humor. ("Magicians and mathematicians!") PW has taught and practiced this stuff, and it shows. A big part is mathematical finance, and a big part of this is based on certain stochastic differential equations, the Black-Scholes equation for the computation of the value of options. It uses the geometric Brownian motion which is also explained from a practical viewpoint. The book takes both a narrow and a wide view. Illustration: (i) It offers both short answers and long ones; the latter include mathematical formulae. (ii) For the particular tasks at hand, the author offers an overview of the tools needed, mathematical tools figuring prominently. (iii) List of keywords, with enlightening discussion and answers. Guides to the literature, etc. (vi) There is a list of options and derivatives that are used: Accrual, American, European, Asian, Asset swap, Balloon option, Barrier option, Basket option, Bermuda option, Call and put options, Cap, Cliquet option, and more. The book concludes with a list of tips for folks interviewing in banks and in the financial industry: typical questions! What to say, and what not! Review by Palle Jorgensen, July 2011. ### ⭐⭐⭐⭐⭐ Great quant book *by A***R on March 2, 2025* This is a great book! It has wide collection of FAQ and much more other materials. I also like author's writing style. ### ⭐⭐⭐⭐⭐ Ties Theory and Practice Together With A Bit Of Wit *by N***. on May 9, 2010* I've been very pleased with this book. As someone starting out in the field, I'd been very curious about where the rubber meets the road in terms of application of all the fancy theory one learns in school. Wilmott covers that in detail, including mistakes that people seem to consistently repeat. --- ## Why Shop on Desertcart? - 🛒 **Trusted by 1.3+ Million Shoppers** — Serving international shoppers since 2016 - 🌍 **Shop Globally** — Access 737+ million products across 21 categories - 💰 **No Hidden Fees** — All customs, duties, and taxes included in the price - 🔄 **15-Day Free Returns** — Hassle-free returns (30 days for PRO members) - 🔒 **Secure Payments** — Trusted payment options with buyer protection - ⭐ **TrustPilot Rated 4.5/5** — Based on 8,000+ happy customer reviews **Shop now:** [https://www.desertcart.co.uk/products/5155839-frequently-asked-questions-in-quantitative-finance](https://www.desertcart.co.uk/products/5155839-frequently-asked-questions-in-quantitative-finance) --- *Product available on Desertcart United Kingdom* *Store origin: GB* *Last updated: 2026-05-22*