{"product_id":"bayesian-methods-in-finance-9780471920830","title":"Bayesian Methods in Finance","description":"\u003cp\u003e • Author(s): Svetlozar T. Rachev\u003cbr\u003e • Publisher: Wiley\u003cbr\u003e • Publisher Imprint: Wiley\u003cbr\u003e • BISAC: Finance - General\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFrom the Back Cover\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eAn accessible overview of the theory and practice of Bayesian Methods in Finance\u003c\/p\u003e \u003cp\u003eThis first-of-its-kind book explains and illustrates the fundamentals of the Bayesian methodology and their applications to finance in clear and accessible terms.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eBayesian Methods in Finance\u003c\/i\u003e provides a unified examination of the use of Bayesian theory and practice in portfolio and risk management--explaining the concepts and techniques that can be applied to real-world financial problems.\u003c\/p\u003e \u003cp\u003eThis book is a guide to using Bayesian methods and, notably, the Markov Chain Monte Carlo toolbox to: incorporate prior views of an analyst or a fund manager into the asset allocation process; estimate and predict volatility; improve risk forecasts; and combine the conclusions of different models. Each application presentation begins with the basics, works through the traditional \"frequentist\" perspective, and then follows with the Bayesian treatment.\u003c\/p\u003e \u003cp\u003eThis invaluable resource presents a theoretically sound framework for combining various sources of information and a robust estimation setting that explicitly incorporates estimation risk, and brings within reach the flexibility to handle complex and realistic models.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Hardcover","offer_id":45113343541399,"sku":"9780471920830","price":6512.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9780471920830.webp?v=1767268400","url":"https:\/\/atlanticbooks.com\/products\/bayesian-methods-in-finance-9780471920830","provider":"Atlantic Books","version":"1.0","type":"link"}