{"product_id":"knowledge-rather-than-hope-a-book-for-retail-investors-and-mathematical-finance-students-paperback","title":"Knowledge rather than Hope: A Book for Retail Investors and Mathematical Finance Students - Paperback","description":"\u003cp\u003eby \u003cb\u003eVasily Nekrasov\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003eThis book does not tell you how to make millions. But it does tell you how to avoid typical mistakes and severe losses. It also tells you which long-term performance you can expect from a trading strategy and how to verify whether a strategy really works. In particular, the Kelly criterion (also known as fortune's formula) is comprehensively discussed with portfolio management in mind. You will also learn the basics of the statistical analysis with R. Last but not least the author frankly shares his own (sometimes bitter) trading experience. In order to read this book you need a working knowledge of college mathematics. But the book is completely void of mathematical arrogance and complicated but impractical market models. The most of problems are solved by means of the Monte Carlo simulation, i.e. we let a computer work for us. R code and sample chapters are available on the author's website www.yetanotherquant.com\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003eVasily Nekrasov studied Economics at the St. Petersburg State University and Quantitative Finance at the Ulm University. He worked as a software developer for banks and insurance companies and as a risk manager for the German Finance Agency (central service provider for the Federal Republic of Germany's borrowing and debt management). Currently he works as a risk analyst and model developer in energy branch.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 156\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.33 x 9 x 6 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e September 05, 2014\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51794699813152,"sku":"9783000465208","price":24.34,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/79067edfcf1d8bf2a24d29a4f320457a.webp?v=1780731337","url":"https:\/\/ebocreations.com\/products\/knowledge-rather-than-hope-a-book-for-retail-investors-and-mathematical-finance-students-paperback","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}