{"product_id":"risk-finance-and-asset-pricing-value-measurements-and-markets-9780470549469","title":"Risk Finance and Asset Pricing: Value, Measurements, and Markets","description":"\u003cp\u003e • Author(s): Charles S. Tapiero\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\u003eOver the past two decades, financial firms, companies, and governments have shifted greater attention to financial manipulations in which they capitalized on leverage and short-term returns. These actually resulted in an explosive and global growth in financial activity. A financial Pandora's box had been opened, and countries and blue chip corporations believing in perpetual growth and once thought too big to fail, found themselves strangled with a debt they were not able to bear. \u003c\/p\u003e\u003cp\u003eThe recent market melt-down and credit liquidity crisis created full realization that complex financial products--when misunderstood and misused--can have devastating effects. \u003ci\u003eRisk Finance and Asset Pricing: Value, Measurements, and Markets \u003c\/i\u003eis a comprehensive introduction to financial engineering that presents the foundations of asset pricing and risk management, while stressing real-world applications. \u003c\/p\u003e\u003cp\u003eWritten for both beginning and practicing financial engineers, author Charles Tapiero--the Topfer Distinguished Professor of Financial Engineering and Technology Management at the NYU Polytechnic Institute--provides: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eA non-quantitative introduction to the business of finance, risk, and their many applications\u003c\/li\u003e \u003cli\u003eAn overview of the statistical approaches for measuring risk\u003c\/li\u003e \u003cli\u003eAn introduction to the concept of utility and financial risk management\u003c\/li\u003e \u003cli\u003eAn outline of the Arrow-Debreu framework in discrete states and time for assets and derivatives (options) pricing\u003c\/li\u003e \u003cli\u003eAn outline of credit risk, scoring, and complex structured financial products such as credit derivatives, their models, their demystification, pricing, and finally, a cursory view of technical approaches to implied pricing\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eEach chapter includes a summary of the techniques described, and concludes with a series of problems so readers can test what they've learned. \u003c\/p\u003e\u003cp\u003eFinancial engineering, despite its challenges and opportunities, when misunderstood, has the potential to wreak havoc on world economies and individual portfolios. \u003ci\u003eRisk Finance and Asset Pricing\u003c\/i\u003e presents a new direction in financial engineering education that combines reality and theory so that risk finance might again work as intended.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Hardcover","offer_id":45152170606743,"sku":"9780470549469","price":6665.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9780470549469.webp?v=1767297175","url":"https:\/\/atlanticbooks.com\/products\/risk-finance-and-asset-pricing-value-measurements-and-markets-9780470549469","provider":"Atlantic Books","version":"1.0","type":"link"}