Customer Reviews

The Handbook of Exotic Options: Instruments, Analysis, and Application

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Dr. Nelken has compiled a series of articles
by a variety of authors dealing with particularly
diverse aspects of exotic options.

Although some of the papers contain useful
information, the book does not deserve to
be called a "handbook": it is more like a
loose compilation, thus making it useless
as a reference.

I ordered the book in 1998 at my local
bookstore and felt cheated after the
first browsing. The extra star is there
to praise the occasional pearl of wisdom
you will encounter while reading through
all 15 chapters.

Finally, the cover advertises with
"valuable software included", referring
to a demo (!) of EXOTICOP (c). I strongly
disagree: the program is nothing more
than a black-scholes type exotics pricer
with a primitive interface, barely touching
the level of an undergraduate paper.
To add insult to injury, some of the
input parameters are frozen in the
demo version.

To put it in dealer's phraseology, this
book is a big yours.