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Physics of finance : gauge modelling in non-equilibrium pricing / Kirill Illinski.
Lippincott Library HG220.5 .I45 2001
Available
- Format:
- Book
- Author/Creator:
- Ilinski, Kirill.
- Series:
- Wiley finance series
- Language:
- English
- Subjects (All):
- Finance--Mathematical models.
- Finance.
- Stocks--Prices--Mathematical models.
- Stocks.
- Gauge invariance.
- Fiber bundles (Mathematics).
- Quantum theory.
- Mathematical physics.
- Equilibrium (Economics).
- Paradigms (Social sciences).
- Physical Description:
- xii, 326 pages : illustrations ; 25 cm.
- Place of Publication:
- Chichester, [England] ; New York : John Wiley, [2001]
- Summary:
- One of the newest and most controversial approaches to financial pricing. In Physics of Finance the author applies the methods of theoretical physics to financial economics to develop an altogether original method for pricing financial assets that steps outside the equilibrium paradigm in finance. In Physics of Finance, basic assumptions underlying equilibrium pricing are re-examined, the risk factors hidden in the implications of equilibrium theory and the potential profit in unstable markets are discussed and gauge modelling is introduced.
- Notes:
- Includes bibliographical references (pages [315]-322) and index.
- ISBN:
- 0471877387
- OCLC:
- 44573544
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