{"product_id":"9781405183697","title":"A Probability Metrics Approach to Financial Risk Measures","description":"\u003ch1\u003eA Probability Metrics Approach to Financial Risk Measures\u003c\/h1\u003e\u003ch3\u003eSvetlozar T. Rachev | Stoyan V. Stoyanov | Frank J. Fabozzi\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eBusiness \u0026amp; Economics \/ Insurance \/ Risk Assessment \u0026amp; Management\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003ci\u003eA Probability Metrics Approach to Financial Risk Measures\u003c\/i\u003e relates the field of probability metrics and risk measures to one another and applies them to finance for the first time.  \u003cul\u003e \u003cli\u003eHelps to answer the question: which risk measure is best for a given problem?\u003c\/li\u003e \u003cli\u003eFinds new relations between existing classes of risk measures\u003c\/li\u003e \u003cli\u003eDescribes applications in finance and extends them where possible\u003c\/li\u003e \u003cli\u003ePresents the theory of probability metrics in a more accessible form which would be appropriate for non-specialists in the field\u003c\/li\u003e \u003cli\u003eApplications include optimal portfolio choice, risk theory, and numerical methods in finance\u003c\/li\u003e \u003cli\u003eTopics requiring more mathematical rigor and detail are included in technical appendices to chapters\u003c\/li\u003e \u003c\/ul\u003e\n\u003c\/div\u003e\u003cdiv\u003e  \u003cb\u003eSvetlozar (Zari) T. Rachev\u003c\/b\u003e is Chair-Professor in Statistics, Econometrics and Mathematical Finance at the University of Karlsruhe in the School of Economics and Business Engineering. He is also Professor Emeritus at the University of California, Santa Barbara in the Department of Statistics and Applied Probability. He has published seven monographs, eight handbooks and special-edited volumes, and over 300 research articles. His recently coauthored books published by Wiley in mathematical finance and financial econometrics include \u003ci\u003eFat-Tailed and Skewed Asset Return Distributions: Implications for Risk Management, Portfolio selection, and Option Pricing\u003c\/i\u003e (2005), \u003ci\u003eOperational Risk: A Guide to Basel II Capital Requirements, Models, and Analysis\u003c\/i\u003e (2007), \u003ci\u003eFinancial Econometrics: From Basics to Advanced Modeling Techniques\u003c\/i\u003e (2007), and \u003ci\u003eBayesian Methods in Finance\u003c\/i\u003e (2008).  He is cofounder of Bravo Group, now FinAnalytica, specializing in  financial risk-management software, for which he serves as Chief Scientist.  \u003cp\u003e\u003cb\u003eStoyan V. Stoyanov\u003c\/b\u003e, Ph.D. is the Head of Quantitative Research at FinAnalytica specializing in financial risk management software. He is author and co-author of numerous papers some of which have recently appeared in \u003ci\u003eEconomics Letters\u003c\/i\u003e, \u003ci\u003eJournal of Banking and Finance\u003c\/i\u003e, \u003ci\u003eApplied Mathematical Finance\u003c\/i\u003e, \u003ci\u003eApplied Financial Economics\u003c\/i\u003e, and \u003ci\u003eInternational Journal of Theoretical and Applied Finance\u003c\/i\u003e. He is a coauthor of the mathematical finance book \u003ci\u003eAdvanced Stochastic Models, Risk Assessment and Portfolio Optimization: the Ideal Risk, Uncertainty and Performance Measures\u003c\/i\u003e (2008) published by Wiley. Dr. Stoyanov has years of experience in applying optimal portfolio theory and market risk estimation methods when solving practical problems of clients of FinAnalytica.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eFrank J. Fabozzi\u003c\/b\u003e is Professor in the Practice of Finance in the School of Management at Yale University. Prior to joining the Yale faculty, he was a Visiting Professor of Finance in the Sloan School at MIT. Professor Fabozzi is a Fellow of the International Center for Finance at Yale University and on the Advisory Council for the Department of Operations Research and Financial Engineering at Princeton University. He is the editor of the \u003ci\u003eJournal of Portfolio Management\u003c\/i\u003e. His recently coauthored books published by Wiley in mathematical finance and financial econometrics include \u003ci\u003eThe Mathematics of Financial Modeling and Investment  Management\u003c\/i\u003e (2004), \u003ci\u003eFinancial Modeling of the Equity Market: From CAPM to Cointegration\u003c\/i\u003e (2006), \u003ci\u003eRobust Portfolio Optimization and Management\u003c\/i\u003e (2007), \u003ci\u003eFinancial Econometrics: From Basics to Advanced Modeling Techniques\u003c\/i\u003e (2007), and \u003ci\u003eBayesian Methods in Finance\u003c\/i\u003e (2008).\u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e28 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-Blackwell\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9781405183697\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\u003e392\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeight (oz): \u003c\/td\u003e\n\u003ctd\u003e24.8\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":44311231496332,"sku":"9781405183697","price":219.56,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781405183697.jpg?v=1780147093","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9781405183697","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}