{"product_id":"9780470482353","title":"Financial Models with Levy Processes and Volatility Clustering","description":"\u003ch3\u003eFrank J. Fabozzi Series\u003c\/h3\u003e\u003ch1\u003eFinancial Models with Levy Processes and Volatility Clustering\u003c\/h1\u003e\u003ch3\u003eSvetlozar T. Rachev | Young Shin Kim | Michele L. Bianchi | Frank J. Fabozzi\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eBusiness \u0026amp; Economics \/ Finance \/ General\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003eAn in-depth guide to understanding probability distributions and financial modeling for the purposes of investment management  \u003cp\u003eIn \u003ci\u003eFinancial Models with Lévy Processes and Volatility Clustering\u003c\/i\u003e, the expert author team provides a framework to model the behavior of stock returns in both a univariate and a multivariate setting, providing you with practical applications to option pricing and portfolio management. They also explain the reasons for working with non-normal distribution in financial modeling and the best methodologies for employing it.\u003c\/p\u003e \u003cp\u003eThe book's framework includes the basics of probability distributions and explains the alpha-stable distribution and the tempered stable distribution. The authors also explore discrete time option pricing models, beginning with the classical normal model with volatility clustering to more recent models that consider both volatility clustering and heavy tails.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eReviews the basics of probability distributions\u003c\/li\u003e \u003cli\u003eAnalyzes a continuous time option pricing model (the so-called exponential Lévy model)\u003c\/li\u003e \u003cli\u003eDefines a discrete time model with volatility clustering and how to price options using Monte Carlo methods\u003c\/li\u003e \u003cli\u003eStudies two multivariate settings that are suitable to explain joint extreme events\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eFinancial Models with Lévy Processes and Volatility Clustering\u003c\/i\u003e is a thorough guide to classical probability distribution methods and brand new methodologies for financial modeling.\u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e  \u003cb\u003eSVETLOZAR T. RACHEV\u003c\/b\u003e is Chair-Professor in Statistics, Econometrics, and Mathematical Finance at the Karlsruhe Institute of Technology (KIT) in the School of Economics and Business Engineering; Professor Emeritus at the University of California, Santa Barbara; and Chief Scientist at FinAnalytica Inc.  \u003cp\u003e\u003cb\u003eYOUNG SHIN KIM\u003c\/b\u003e is a scientific assistant in the Department of Statistics, Econometrics, and Mathematical Finance at the Karlsruhe Institute of Technology (KIT).\u003c\/p\u003e \u003cp\u003e\u003cb\u003eMICHELE Leonardo BIANCHI\u003c\/b\u003e is an analyst in the Division of Risk and Financial Innovation Analysis at the Specialized Intermediaries Supervision Department of the Bank of Italy.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eFRANK J. FABOZZI\u003c\/b\u003e is Professor in the Practice of Finance and Becton Fellow at the Yale School of Management and Editor of the Journal of PortfolioManagement. He is an Affiliated Professor at the University of Karlsruhe's Institute of Statistics, Econometrics, and Mathematical Finance and serves on the Advisory Council for the Department of Operations Research and Financial Engineering at Princeton University.\u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e08 February 2011\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9780470482353\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eHardback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e416\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeight (oz): \u003c\/td\u003e\n\u003ctd\u003e23.84\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":44310601597068,"sku":"9780470482353","price":99.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9780470482353_f0cf2ef1-9ed6-4bac-a4fa-885da6dc64d8.jpg?v=1780102007","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9780470482353","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}