Physics of Finance: Gauge Modelling in Non-Equilibrium Pricing

Physics of Finance: Gauge Modelling in Non-Equilibrium Pricing

Editorial Reviews
Book Description
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.

Book Info
A textbook offering insight into a new perspective in pricing financial assets. Re-examines basic assumptions regarding equilibrium pricing, discusses the hidden factors and implications in equilibrium theory, and introduces a way to tackle non-equilibrium pricing: gauge theory. DLC: Finance--Mathematical models.

Physics of Finance: Gauge Modelling in Non-Equilibrium Pricing

Physics of Finance: Gauge Modelling in Non-Equilibrium Pricing,Kirill Ilinski,John Wiley & Sons,0471877387,Accounting - General,Business & Economics,Business / Economics / Finance,Business/Economics,Finance,Gauge invariance,Investment Analysis,Investments & Securities - Stocks,Mathematical models,Prices,Stocks,Business & Economics / Finance,PHYSICS,Stocks & shares

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