Options, Futures, and Other Derivatives [Hardcover]

John C. Hull (Author)

Book Description

ISBN-10: 0131864793 | ISBN-13: 978-0131864795 | Publication Date: June 28, 1996 | Edition: 3rd

This book has been widely adopted for its comprehensive coverage, exceptionally clear explanations of difficult material, and avoidance of nonessential math. The text bridges the gap between the theory and practice of derivatives and helps readers develop a working knowledge of how derivatives can be analyzed.

Editorial Reviews

From the Publisher

Widely-adopted for its comprehensive coverage, exceptionally clear explanations of difficult material, and avoidance of nonessential math, this text bridges the gap between the theory and practice of derivatives, and helps students develop a solid working knowledge of how derivatives can be analyzed. It deals with a wide range of derivative products and provides complete coverage of key analytical material.

From the Back Cover

Key Benefit: This book has been widely-adopted for its comprehensive coverage, exceptionally clear explanations of difficult material, and avoidance of nonessential math. Key Topics: This book bridges the gap between the theory and practice of derivatives, and helps readers develop a solid working knowledge of how derivatives can be analyzed. It deals with a wide range of derivative products and provides complete coverage of Key analytical material.

Product Details

• Hardcover: 572 pages
• Publisher: Prentice Hall; 3rd edition (June 28, 1996)
• Language: English
• ISBN-10: 0131864793
• ISBN-13: 978-0131864795
• Product Dimensions: 9.3 x 6.3 x 1.1 inches
• Shipping Weight: 1.9 pounds
• Average Customer Review: 5.0 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #880,425 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

7 of 9 people found the following review helpful:

5.0 out of 5 stars Must-read, introductory text !!!, May 25, 1999

By A Customer

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

Coming from a non-finance background, I was quite hesitant about the book. But I had heard that the book was a bible, and anyway, my professor wanted me to buy it. I needn't have feared. The book easily lived upto its reputation :)

This is *the* introductory text to have, in order to study options and futures. The amount of math is just right, and the language is easily understandable (at least I wasn't baffled by the jargon).

If you are new to the field, go for this one as your first book. You won't regret it!

5 of 7 people found the following review helpful:

5.0 out of 5 stars An excellent textbook for both students and practioners, April 2, 1999

By 

Yin Luo ([e-mail]) (Univ. of Toronto, Canada) - See all my reviews

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

This is an excellent book on derivatives and risk management. I would like to recommend it to anyone who wants to learn financial engineering. Prof. Hull is working on a new edition of this popular textbook, which will include much more on advanced risk management techniques, e.g. VaR and GARCH model.

4 of 6 people found the following review helpful:

5.0 out of 5 stars The Classic in Derivative Pricing Models, August 15, 1997

By 

Gill Bates (Signapore) - See all my reviews

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

This book ranks as my favorite book on derivative pricing. Though, it may be a little intimidating to one with little background but coming from an engineering standpoint it is the only book about derivative pricing that makes any sense. It is clear, no shortcuts are taken and nothing beyond simple ODEs are assumed. I especially like the appendices at the end of each chapter which gives the derivation of many of the models presented. It would be nice, however, if solutions to the problems would be provided. I have tried to read many books on probability, stochastic processes, and martingales but this is the only book I have found that does not contain a lot of formalized junk but yet is theoretical enough to make many generalizations for pricing other derivatives.