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Options, Futures and Other Derivatives (6th Edition) 6th Edition
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Top Customer Reviews
Methodical pacing leads the reader gradually through the basics, from just what a derivative is on through the brief story of how futures markets work - in short, they abstract buying and selling into buying and selling the right to buy and sell. I tend towards the concrete, so many of these transactions seemed a bit airy to me. Oh, I can follow the reasoning well enough, but I just never saw where the satisfaction of the thing solid and completed comes in. As it turns out, it doesn't. Once you've really got that in the pit of your stomach, then Hull's presentation follows smoothly.
He gradually derives models of increasing complexity. Diligent reader with a little calculus or a lot of trust will follow along easily. Later chapters draw on more advanced concepts in probabilistic modeling, but present the reader with only the aspects needed for the discussion at hand - a mercy, considering the size of the specialized vocabulary involved in the rest of the explanation.
This book ends when the foundation has been built. More advanced needs must be met with other sources - not a problem with this text, just a matter of its chosen scope. I needed that foundation, however, so I recommend this book to anyone with reasonaable math skills and a need to know the material.
-- wiredweird, reviewing the 6th edition
* Very in-depth treatment of derivative basics, e.g. call, puts, swaps, forwards, futures.
* Many, many examples to complement the material.
* Many good practice problems to help further your understanding.
* Covers binomial, Monte Carlo and Black Scholes pricing of options very well
* Industry standard textbook - all the professionals use it.
I can't think of many negatives for the book. So if you're a student of finance, go get this book!
Most Recent Customer Reviews
Great seller - thanks for your quick delivery. Book in great condition as described. Thanks!Published on September 18, 2010 by dm
That's a fantastic book. For people who wants to learn about derivatives and finantial markets it helps a lot. Read morePublished on October 1, 2008 by Indira Sambo
If you are a total beginner, like I was 6 months ago, then you might want to tear your hair out when reading this book. I found the description of interest rates quite confusing. Read morePublished on February 21, 2008 by M. Henri De Feraudy
Very well written with clear explanations, lots of examples, and keeps the math at just the right level- digestible and intuitive but without sacrificing advanced methods. Read morePublished on December 10, 2007 by Maximillian
The book is very useful for somebody who wants to know more about derivatives. It was 3 times cheaper than in the libaryr - it was a good deal, and I got it in something like - 2... Read morePublished on November 3, 2007 by Jersey Girl
Whilst this text was not a recommended text for my Australian investments course, it was more useful than any other reference material prescribed by my professional body and proved... Read morePublished on May 30, 2007 by Mathematique