Paul Wilmott Introduces Quantitative Finance and over one million other books are available for Amazon Kindle. Learn more
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images
Sell yours for a Gift Card
We'll buy it for $31.08
Learn More
Trade in now
Have one to sell? Sell on Amazon

Paul Wilmott Introduces Quantitative Finance Paperback – August 6, 2007

ISBN-13: 978-0470319581 ISBN-10: 0470319585 Edition: 2nd
Rent
$19.08
Buy used
$46.36
Buy new
$78.09
Used & new from other sellers Delivery options vary per offer
62 used & new from $42.35
Rent from Amazon Price New from Used from
eTextbook
"Please retry"
Paperback, August 6, 2007
"Please retry"
$19.08
$78.09
$45.83 $42.35
Free%20Two-Day%20Shipping%20for%20College%20Students%20with%20Amazon%20Student


Hero Quick Promo
Save up to 90% on Textbooks
Rent textbooks, buy textbooks, or get up to 80% back when you sell us your books. Shop Now
$78.09 FREE Shipping. Only 8 left in stock (more on the way). Ships from and sold by Amazon.com. Gift-wrap available.

Frequently Bought Together

Paul Wilmott Introduces Quantitative Finance + Frequently Asked Questions in Quantitative Finance
Price for both: $116.05

Buy the selected items together

Editorial Reviews

From the Back Cover

Paul Wilmott Introduces Quantitative Finance, Second Edition is an accessible introduction to the classical side of quantitative finance specifically for university students. Adapted from the comprehensive, even epic, works Derivatives and Paul Wilmott on Quantitative Finance, Second Edition, it includes carefully selected chapters to give the student a thorough understanding of futures, options and numerical methods. Software is included to help visualize the most important ideas and to show how techniques are implemented in practice. There are comprehensive end-of-chapter exercises to test students on their understanding. 

In praise of Paul Wilmott and his previous works

Some people write for fame, some for money. Most academics write books to impress the professor down the corridor so that one day they will be the professor down the corridor everyone is trying to impress. Uniquely, Paul Wilmott writes to inform and educate his readers, to convey ideas, and, most importantly, to show them how to do it.

His greatest admirers are his readers. So, instead of endorsements from the great and the good, here are the words of his fans. Their sometimes unique spelling has been retained.

I found it to be easily the best book that I have read/worked through on the subject.

I thought it might amuse you to know that I think your book got me a job!

I’d like to say that this is a great book but you already know that!

I’m a junior derivatives trader in Mexico City. I’ve seen your book and I have only one coment: SEXY!

Loved your book, which is a breath of fresh air, amongst all those arid derivatives books!! It really is in a class of its own. I have wasted so much money on stupid derivative books which too elementary or way too complicated. 

Purchased both Quant Finance and Derivatives a couple of days ago. Will not be able to afford steak or wine for weeks as a result.

BTW, I want to congratulate you for the *best* book in Financial Engineering I've read in the last years.

After reading the book I’d like to follow one of your courses, but they are way too expensive.

Congratulations for your brilliant book.

What I like about it is that it has this no-nonsense kind of approach that you’d expect in a physics text and it spells out the “stuff between the equations”.

Congratulation to your book Derivatives !!! The way you describe, present, and deliver Derivative knowledge is unique! One can feel your passion on the topic. It’s a pleasure to read, study, re-read...

Congratulations on a great new book – ‘PW on Quant Finance’. I bought the DERIVATIVES one but cannot afford this one!!

I am fanatical follower of your book “Derivatives”. You are best and this not flattery. Sorry from my English!

We use it for the part of our Banking and Risk Management course and it’s much more comprehensive than the books that we have recommended in our study guide.

Your book “Derivatives: the Theory and Practice of Financial Engineering” is the best in the market so far.

I shall waste no more precious words but to say that I am very simpathetic to your humor and irony...what most don’t always seem to understand: irony is one of the GREAT filters to access knowledge in this world and an elegant one for that matter.

your book rocks.

Congratulations to the success of your book (I got my copy of it for Christmas).

I would like to thank you for writing Derivatives.

Derivatives is the Greatest! Thank you, thank you, thank you!  Just read the first 7 chapters of Derivatives, and it speaks to me.

complete, brilliant and amusing, stimulating for some original ideas and examples, didactically ready to be used by Students; it employs mathematical tools as tools only, not as a target; it is the last but the best book on derivatives in my library.

You’re book truly struck me as fun, informative and brilliant! Us American would say ‘Awesome Dude!!!’

I had a course on derivatives and your book was not suggested by the teacher (a stupid teacher).

Love you for ever, baby. xxx M

About the Author

Paul Wilmott, described by the Financial Times as ‘cult derivatives lecturer,’ is one of the world’s leading experts on quantitative finance and derivatives.

He is the proprietor of an innovative magazine on quantitative finance and a highly popular community website (www.wilmott.com). He is the principal of the financial consultancy and training firm, Wilmott Associates, and the Course Director for the Certificate in Quantitative Finance. He has researched and published widely on financial engineering.

NO_CONTENT_IN_FEATURE


Best Books of the Month
Best Books of the Month
Want to know our Editors' picks for the best books of the month? Browse Best Books of the Month, featuring our favorite new books in more than a dozen categories.

Product Details

  • Paperback: 728 pages
  • Publisher: Wiley; 2 edition (August 6, 2007)
  • Language: English
  • ISBN-10: 0470319585
  • ISBN-13: 978-0470319581
  • Product Dimensions: 7.5 x 1.5 x 9.7 inches
  • Shipping Weight: 3.8 pounds (View shipping rates and policies)
  • Average Customer Review: 3.6 out of 5 stars  See all reviews (13 customer reviews)
  • Amazon Best Sellers Rank: #276,807 in Books (See Top 100 in Books)

Customer Reviews

3.6 out of 5 stars

Most Helpful Customer Reviews

5 of 5 people found the following review helpful By Humayun Riyasat on June 14, 2009
Format: Paperback
I have gone through this book to try to get a better understanding of derivative pricing. Math is kept easy but often the author leaves out steps in his reasoning. In fact, I have find Hull's book more explanatory and easy to follow on topics like stochastic processes and the creation of Ito's lemma than Wilmott's. This is disappointing as Hull gets pretty detailed in his explanations. I am not an Einstein so I will not and do take out pencil and paper to derive results to make sure I understand. I have not been successful in several instances with this book. However i would still recommend this book to be read as reference for certain topics that are better explained in this book relative to the other similar ones
1 Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
8 of 9 people found the following review helpful By Amazon Customer on January 22, 2009
Format: Paperback
Those that criticize this book as not "mathematical enough" are missing the point. There are plenty of mathematics books out there with loads of detailed math language and rigorous proofs. If you want that it's available. This book is about getting acquainted with difficult material in a compact and human format, and it stills deal with some pretty diffcult topics in an efficient manner. Great book. Buy it. You'll like it.
1 Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
4 of 4 people found the following review helpful By Kelvin D. Meeks on July 25, 2010
Format: Paperback Verified Purchase
This is by far one of the best introductory books on the market. Easily readable - concise - excellent examples - and good coverage of the material. Buy this book first - then consider Wilmott's 3-volume edition that expands further on the material.

Other books that I would recommend as follow-up:

Monte Carlo Methods in Financial Engineering, by Paul Glasserman

The Concepts and Practice of Mathematical Finance, Second Edition, by Mark S. Joshi
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
2 of 2 people found the following review helpful By xesus on April 18, 2013
Format: Paperback Verified Purchase
This book is really a light reference. You won't find much of details about many topics. Gives often just one formula and few sentences. It is not clear to me who is supposed to be using it. Amount of topics is way larger than what someone entering qf supposed to know. On the other hand if you have some experience it becomes useless - no details. Another thing is that PDEs are less intuitive that expectation/MC, Paul is well known for his PDE approach. There are some good topics though I have to say and I do find it useful from time to time. But there are better books available (Joshi, Hull).
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
1 of 1 people found the following review helpful By Alastair Blakey on March 6, 2014
Format: Paperback
I really wish I'd finished reading this, but life keeps being too short.

As a sometime quants developer for software products, I've found the book excellent.
The actual maths of any analytic calculation you can find in various other books; what Wilmott excels at is explaining why and how... I regularly use his diagram examples when explaining to colleagues; they're clear and uncluttered.

For example, his explanation of Duration is particularly clear, explaining how it can be viewed as otherwise completely contradictory measures, by your viewpoint.

Also, the maths is "about enough", I think. As a software developer, I've used his content to implement practical analytics, commercially. If you're a mathematician, then you'll be able to take his starting points, and explore further.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
1 of 1 people found the following review helpful By Fedor Tsarev on March 4, 2014
Format: Kindle Edition Verified Purchase
This book is an interesting introduction to the quantitative finance. It mainly focuses on pricing derivatives but also includes a little bit of modern portfolio theory and risk management. While reading you can choose if you want to dig deeply inside mathematical formulae or just understand the intuition behind them.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
8 of 12 people found the following review helpful By M. Bladt on November 29, 2008
Format: Paperback
The book disapoints in presenting very few mathematical details. Perphaps this is
popular for some students but in order to learn quantitative finance there are no
highway options and math cannot be avoided to the degree as presented here. It provides a good understanding of how the market actually works, but there are other books such as John Hulls that provide a similar practical understanding and a better level of math.

Reading the back flap of the book, the author is presented as a cult writer not caring about academic prestige etc., implying that the rest of the books in the area are accused of being written only for academic reasons trying to impress colleages. I have a great respect for many of the books and authors in the area and I honestly think that the statement is false and quite pathetic.

We are living in the times where things must be "light", anything from food to classical music, and increasingly so also academic books. This book is very light, which may please some student, but it will be inadequate for teaching purposes.
Read it as a complement to other more rigorous textbooks to get knowledge about how the financial markets operate.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again

Set up an Amazon Giveaway

Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Learn more
Paul Wilmott Introduces Quantitative Finance
This item: Paul Wilmott Introduces Quantitative Finance
Price: $78.09
Ships from and sold by Amazon.com

Want to discover more products? Check out this page to see more: nikkei 225 futures