<b>The first volume of <i>Paul Wilmott On Quantitative Finance Second Edition</i>, MATHEMATICAL AND FINANCIAL FOUNDATIONS; BASIC THEORY OF DERIVATIVES; RISK AND RETURN.</b> <p> In this volume the reader is introduced to the fundamental mathematical tools and financial concepts needed to understand quantitative finance, portfolio management and derivatives. Parallels are drawn between the respectable world of investing and the not-so-respectable world of gambling. <p> Key chapters in this volume ar <ul type="disc"> <li>The Random Behavior of Asset <li>The Black-Scholes Mode <li>The Black-Scholes Formulae and the i¿½?~Greeksi¿½? <li>Early Exercise and American Option <li>How to Delta Hedg <li>Fixed-income Products and Analysis: Yield, Duration and Convexit <li>Swap <li>The Binomial Mode <li>How Accurate is the Normal Approximation <li>Investment Lessons from Blackjack and Gamblin </ul> <p> The author has included numerous Bloomberg screen dumps to illustrate in real terms the points he raises, together with essential Visual Basic code, spreadsheet explanations of the models, the reproduction of term sheets and option classification tables. <p> In addition to the practical orientation of the book the author himself also appears throughout the book - in cartoon form, readers will be relieved to hear - to personally highlight and explain the key sections and issues discussed. <p> <p> <p> Ai¿½ <p> <b>The second volume of <i>Paul Wilmott On Quantitative Finance Second Edition</i>, EXOTIC CONTRACTS AND PATH DEPENDENCY; FIXED INCOME MODELING AND DERIVATIVES; CREDIT RISK.</b> I <p> n this volume the reader sees further applications of stochastic mathematics to new financial problems and different markets. <p> Key chapters in this volume are <p> An Introduction to Exotic and Path-dependent Option <ul> <li>Derivatives and Stochastic Contro <li>Equity and FX Term Sheet <li>One-factor Interest Rate Modelin <li>Empirical Behavior of the Spot Interest Rat <li>The Heath, Jarrow & Morton and Brace, Gatarek & Musiela Model <li>Fixed Income Term Sheet <li>Value of the Firm and the Risk of Defaul <li>Credit Ris <li>CrashMetric <li>Derivatives **** Up </ul> <p> The author has included numerous Bloomberg screen dumps to illustrate in real terms the points he raises, together with essential Visual Basic code, spreadsheet explanations of the models, the reproduction of term sheets and option classification tables. <p> In addition to the practical orientation of the book the author himself also appears throughout the book - in cartoon form, readers will be relieved to hear - to personally highlight and explain the key sections and issues discussed. <p> <p> <p> <b>TheAi¿½third volume of <i>Paul Wilmott On Quantitative Finance Second Edition</i>, ADVANCED TOPICS; NUMERICAL METHODS AND PROGRAMS.</b> <p> In this volume the reader enters territory rarely seen in textbooks, the cutting-edge research. Numerical methods are also introduced so that the models can now all be accurately and quickly solved. <p> Key chapters in this volume ar <ul type="disc"> <li>Defects in the Black-Scholes Mode <li>Overview of Volatility Modelin <li>Volatility Smiles and Surface <li>Stochastic Volatilit <li>Uncertain Parameter <li>Empirical Analysis of Volatilit <li>Stochastic Volatility and Mean-variance Analysi <li>Volatility Case Study: The Cliquet Optio <li>Crash Modelin <li>Static Hedgin <li>Interest-rate Modeling Without Probabilitie <li>Modeling Inflatio <li>Energy Derivative <li>Real Option <li>Life Settlements and Viatical <li>Finite-difference Methods for One-factor Model <li>Monte Carlo Simulation and Related Method <li>Numerical Integration and Simulation Method <li>Finite-difference Program <li>Monte Carlo Program </ul> <p> The author has included numerous Bloomberg screen dumps to illustrate in real terms the points he raises, together with essential Visual Basic code, spreadsheet explanations of the models, the reproduction of term sheets and option classification tables. <p> In addition to the practical orientation of the book the author himself also appears throughout the book - in cartoon form, readers will be relieved to hear - to personally highlight and explain the key sections and issues discussed. <p> <p>