The Handbook of Exotic Options: Instruments, Analysis, and Application (Hardcover)

by Israel "Izzy" Nelken (Author) "Vanilla options, as we now call them, have been in existence for along time..." (more)
Key Phrases: use exotic derivatives, shout option, outperformance option, Monte Carlo, Journal of Finance, New York (more...)

Editorial Reviews

Product Description
The Handbook of Exotic Options is the first book to explain the theoretical foundations, structures, and applications of these exciting new instruments. Edited by Israel Nelken, one of the foremost experts in the field, this handbook provides an in-depth explanation of the latest uses of exotic options by institutional investors and corporate treasurers, as well as the latest thinking on advanced topics. Readers will find valuable discussions of: Options theory, volatility, and pricing; The Brownian Motion and the Black Scholes Model; Risk management applications of exotic options.

About the Author
Israel Nelken, Ph.D., is president of Super Computer Consulting, Inc., which specializes in software development, exotic options, convertible bonds, fixed income mathematics, and statistical analysis. Dr. Nelken is a lecturer in the University of Chicago Master of Science in Financial Mathematics program. His sold-out seminars in New York and London cover topics ranging from exotic options and financial engineering to credit derivatives, and convertible bonds. His previous books include The Handbook of Exotic Options, Implementing Credit Derivatives, and Option Embedded Bonds.

Product Details

• Hardcover: 350 pages
• Publisher: McGraw-Hill; 1 edition (November 1, 1995)
• Language: English
• ISBN-10: 1557389047
• ISBN-13: 978-1557389046
• Product Dimensions: 9.3 x 6.2 x 1.4 inches
• Shipping Weight: 1.5 pounds
• Average Customer Review: 2.0 out of 5 stars See all reviews (1 customer review)
• Amazon.com Sales Rank: #1,595,891 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

14 of 16 people found the following review helpful:

2.0 out of 5 stars Misleading title, November 24, 2001

By	Bert Smits (Mechelen Belgium) - See all my reviews

Dr. Nelken has compiled a series of articles
by a variety of authors dealing with particularly
diverse aspects of exotic options.

Although some of the papers contain useful
information, the book does not deserve to
be called a "handbook": it is more like a
loose compilation, thus making it useless
as a reference.

I ordered the book in 1998 at my local
bookstore and felt cheated after the
first browsing. The extra star is there
to praise the occasional pearl of wisdom
you will encounter while reading through
all 15 chapters.

Finally, the cover advertises with
"valuable software included", referring
to a demo (!) of EXOTICOP (c). I strongly
disagree: the program is nothing more
than a black-scholes type exotics pricer
with a primitive interface, barely touching
the level of an undergraduate paper.
To add insult to injury, some of the
input parameters are frozen in the
demo version.

To put it in dealer's phraseology, this
book is a big yours.