Options, Futures, and Other Derivative Securities [Hardcover]

John Hull (Author)

Book Description

ISBN-10: 0136390145 | ISBN-13: 978-0136390145 | Publication Date: December 1992 | Edition: 2nd

Provides a logical, unifying approach to the valuation and hedging of all derivative securities, not just financial futures and stock options.

Product Details

• Hardcover: 512 pages
• Publisher: Prentice Hall; 2nd edition (December 1992)
• Language: English
• ISBN-10: 0136390145
• ISBN-13: 978-0136390145
• Product Dimensions: 9.1 x 5.8 x 0.8 inches
• Shipping Weight: 1.7 pounds
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #970,167 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

137 of 159 people found the following review helpful:

5.0 out of 5 stars This is by far the best book on the subject., September 20, 1996

By A Customer

This review is from: Options, Futures, and Other Derivative Securities (Hardcover)

I have read most of the books on derivatives and mathematical finance. I have also read the most important papers on the subject, and no book covers the subject so extensively and so carefully. The difficult math is explained by Hull in a brilliantly intuitive way, without sacrificing the mathematical rigor. He explains succinctly and accurately the heart of the most advanced papers in the subject, in unpretentious terms, and always with the reader in mind (unlike most of the other academics' attempt at writing a book.) Having studied the subject in depth, from a practical and a theoretical point of view, I can say, without reservation, that (up to 1996) this book is all you need to learn about the subject. In fact, I dare say that if you read the book cover to cover you will be an expert in the subject. I read the second version, and some of the most recent topics (like Value at Risk) are not treated in it, but it is my understanding that the third edition includes all of these newer developments. If they are explained as all the other subjects in the 2nd edition, then they should be the best explanations around. Excellent book for novices in the subject, excellent reference book for experts, great mathematical education for finance people, and great financial exposition for mathematicians. (From a mathematical point of view, the only details missing are the mathematical foundations of risk-neutral valuation, i.e. Girsanov's theorem) This book should be read (and more importantly CAN be read) by any financial officer, county treasurer (is Orange County listening?), trader, regulator investor and banker. I also recomend this book to unemployed mathematicians, physicists, and engineers. The starting salary for these quantitative disciplines goes up by $30,000 a year after reading that book.