Customer Reviews

The Mathematics of Finance (Pure and Applied Undergraduate Texts)

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We were provided with a list of books for an undergraduate introductory course in mathematical finance which included books from Ross, Joshi, Hull, and this. I find this to be rather complete and comprehensive than the above mentioned. Its much easier to digest than the Ross and Joshi books. Even though Hull's book explains the concepts a little thoroughly, I find it kind of vague for a math major, Hull's is definitely the best for a finance major. Only drawback about this book is that it does not have enough practice problems but neither the other books.

this book is really bad. in fact, our teacher decided that she wont ever use this book. although chapters 2-4 are really good, the rest of the material is so bad. the authors completely hand wave everything and make some assumptions without proofs. on top of that, there are so many errors in the book it is just something amazing. sometimes, i dont even know if i am correct or wrong in my reasoning because the answers are wrong to many problems on the page. i just dont understand how you can talk about pricing a call option without an understanding of geometric brownian motion? there is no part in the book where it explains geometric brownian motion. also, there is no payoff diagram. what the heck. no material on arbitrage with put call parity or anything. honestly, very poorly written. i am glad these guys retired.