Ethics In Quantitative Finance

Author : Timothy Johnson
Publisher : Springer
Page : 339 pages
File Size : 45,5 Mb
Release : 2017-10-28
Category : Business & Economics
ISBN : 9783319610399

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Ethics in Quantitative Finance by Timothy Johnson Pdf

This book presents an ethical theory for financial transactions that underpins the stability of modern economies. It combines elements from history, ethics, economics and mathematics to show how these combined can be used to develop a pragmatic theory of financial markets. Written in three sections; section one examines the co-evolution of finance and mathematics in an ethical context by focusing on three periods: pre-Socratic Greece, Western Europe in the thirteenth century and North-western Europe in the seventeenth century to demonstrate how the historical development of markets and finance were critical in the development of European ideas of science and democracy. Section two interprets the evidence presented in section one to provide examples of the norms reciprocity, sincerity and charity and introduce the pragmatic theory. Section three uses the pragmatic theory to interpret recent financial crises, address emergent phenomena and relate the theory to alternative contemporary theories of markets. Presenting a unique synthesis of mathematical and behavioural approaches to finance this book provides explicit ethical guidance that will be of interest to academics and practitioners alike.

Author : Jan W Dash
Publisher : World Scientific Publishing Company
Page : 1000 pages
File Size : 52,5 Mb
Release : 2016-05-10
Category : Business & Economics
ISBN : 9789814571258

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Quantitative Finance and Risk Management by Jan W Dash Pdf

Written by a physicist with extensive experience as a risk/finance quant, this book treats a wide variety of topics. Presenting the theory and practice of quantitative finance and risk, it delves into the "how to" and "what it's like" aspects not covered in textbooks or papers. A "Technical Index" indicates the mathematical level for each chapter. This second edition includes some new, expanded, and wide-ranging considerations for risk management: Climate Change and its long-term systemic risk; Markets in Crisis and the Reggeon Field Theory; "Smart Monte Carlo" and American Monte Carlo; Trend Risk — time scales and risk, the Macro–Micro model, singular spectrum analysis; credit risk: counterparty risk and issuer risk; stressed correlations — new techniques; and Psychology and option models. Solid risk management topics from the first edition and valid today are included: standard/advanced theory and practice in fixed income, equities, and FX; quantitative finance and risk management — traditional/exotic derivatives, fat tails, advanced stressed VAR, model risk, numerical techniques, deals/portfolios, systems, data, economic capital, and a function toolkit; risk lab — the nuts and bolts of risk management from the desk to the enterprise; case studies of deals; Feynman path integrals, Green functions, and options; and "Life as a Quant" — communication issues, sociology, stories, and advice.

Author : Wolfgang Karl Härdle,Cathy Yi-Hsuan Chen,Ludger Overbeck
Publisher : Springer
Page : 372 pages
File Size : 43,5 Mb
Release : 2017-08-02
Category : Business & Economics
ISBN : 9783662544860

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Applied Quantitative Finance by Wolfgang Karl Härdle,Cathy Yi-Hsuan Chen,Ludger Overbeck Pdf

This volume provides practical solutions and introduces recent theoretical developments in risk management, pricing of credit derivatives, quantification of volatility and copula modeling. This third edition is devoted to modern risk analysis based on quantitative methods and textual analytics to meet the current challenges in banking and finance. It includes 14 new contributions and presents a comprehensive, state-of-the-art treatment of cutting-edge methods and topics, such as collateralized debt obligations, the high-frequency analysis of market liquidity, and realized volatility. The book is divided into three parts: Part 1 revisits important market risk issues, while Part 2 introduces novel concepts in credit risk and its management along with updated quantitative methods. The third part discusses the dynamics of risk management and includes risk analysis of energy markets and for cryptocurrencies. Digital assets, such as blockchain-based currencies, have become popular b ut are theoretically challenging when based on conventional methods. Among others, it introduces a modern text-mining method called dynamic topic modeling in detail and applies it to the message board of Bitcoins. The unique synthesis of theory and practice supported by computational tools is reflected not only in the selection of topics, but also in the fine balance of scientific contributions on practical implementation and theoretical concepts. This link between theory and practice offers theoreticians insights into considerations of applicability and, vice versa, provides practitioners convenient access to new techniques in quantitative finance. Hence the book will appeal both to researchers, including master and PhD students, and practitioners, such as financial engineers. The results presented in the book are fully reproducible and all quantlets needed for calculations are provided on an accompanying website. The Quantlet platform quantlet.de, quantlet.com, quantlet.org is an integrated QuantNet environment consisting of different types of statistics-related documents and program codes. Its goal is to promote reproducibility and offer a platform for sharing validated knowledge native to the social web. QuantNet and the corresponding Data-Driven Documents-based visualization allows readers to reproduce the tables, pictures and calculations inside this Springer book.

Author : John Dobson
Publisher : Rowman & Littlefield
Page : 208 pages
File Size : 55,7 Mb
Release : 1997
Category : Business & Economics
ISBN : 0847684024

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Finance Ethics by John Dobson Pdf

The first book ever to integrate business ethics with financial economics, Finance Ethics shows how ethical behavior fits within the rational, profit-maximizing, finance paradigm. Dobson argues that even in economic terms the finance paradigm has a serious flaw: it views the firm and financial markets in general as contractual nexuses yet it fails to supply any adequate mechanisms for enforcing those contractual relations. Finance Ethics is therefore not just a moral critique of the finance paradigm, arguing that self-interested profit making must be constrained by ethics. Rather, it is a critique from within that paradigm, in which truth becomes a rational mechanism to enforce contracts, and virtuous behavior is shown to make the most business sense.

Author : Anonim
Publisher : John Wiley & Sons
Page : 299 pages
File Size : 48,9 Mb
Release : 2013-12-02
Category : Business & Economics
ISBN : 9781118789261

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Ethics in Finance by Anonim Pdf

The third edition of Ethics in Finance presents an authoritative and wide-ranging examination of the major ethical issues in finance. This new edition has been expanded and thoroughly updated with extensive coverage of the recent financial crisis and the very latest developments within the financial world. Substantially updated new edition with nearly 40% new material, including sections on credit cards, mortgage lending, microfinance, risk management, derivatives, and securitization Includes coverage and references to the recent financial crisis and the very latest developments within the financial world Focuses on the practical issues that confront finance professionals, policy makers, and consumers of financial services Cites examples of the scandals that have shaken public confidence in Wall Street and world financial markets Includes numerous examples throughout to illustrate the concepts and issues described within the text

Author : Bharath Sriraman
Publisher : Springer Nature
Page : 3221 pages
File Size : 51,7 Mb
Release : 2024-06-10
Category : Electronic
ISBN : 9783031408465

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Handbook of the History and Philosophy of Mathematical Practice by Bharath Sriraman Pdf

Author : Kemi Ogunyemi
Publisher : Business Expert Press
Page : 260 pages
File Size : 45,7 Mb
Release : 2016-08-10
Category : Business & Economics
ISBN : 9781631575594

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Teaching Ethics Across the Management Curriculum, Volume III by Kemi Ogunyemi Pdf

Of those in management education who debates whether business ethics should be taught as a stand-alone course or in an embedded manner, most recommend combining both approaches for optimal results. This book provides unique insights into the experience of seasoned academics who embed business ethics in teaching management theory and practice. Its multidisciplinary approach enriches its content, since the insights of our colleagues from within their fields are invaluable. It therefore complements other business textbooks. After general themes (curriculum integration, adult learning, learner commitment, and generation Y classrooms), this volume covers ethics and responsibility in people management, team building, change management; operations management, business law, and digital marketing communications.The book provides a platform to share experiences of teaching ethical profitability. It contributes to resolving concerns experienced when faculty wish to incorporate ethics into their teaching but feel they lack preparation or ideas on how to do it. The chapters describe each discipline briefly, raise the typical ethical issues therein, and suggest teaching strategies and exercises or projects. The 'developing versus developed country perspectives' sections may interest schools with high student diversity. The book also meets in-company training needs for attaining and sustaining an ethical culture.

Author : Emiliano Ippoliti,Ping Chen
Publisher : Springer
Page : 194 pages
File Size : 47,5 Mb
Release : 2016-12-23
Category : Science
ISBN : 9783319498720

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Methods and Finance by Emiliano Ippoliti,Ping Chen Pdf

The book offers an interdisciplinary perspective on finance, with a special focus on stock markets. It presents new methodologies for analyzing stock markets’ behavior and discusses theories and methods of finance from different angles, such as the mathematical, physical and philosophical ones. The book, which aims at philosophers and economists alike, represents a rare yet important attempt to unify the externalist with the internalist conceptions of finance.

Author : Paul H. Dembinski
Publisher : Taylor & Francis
Page : 87 pages
File Size : 43,9 Mb
Release : 2017-02-03
Category : Business & Economics
ISBN : 9781351793742

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Ethics and Responsibility in Finance by Paul H. Dembinski Pdf

5.4 The quality of prices: insider trading, market rigging and dark pools -- 5.5 Volatility and risk transfer -- Chapter 6: New avenues for action -- 6.1 Curbing expectations and aspirations in finance -- 6.2 Enhancing the importance of personal relationships -- 6.3 Simplifying the way finance works -- 6.4 Teaching finance differently -- 6.5 Ethics as a goal -- Bibliography -- Index.

Author : Ahmet Can Inci
Publisher : Taylor & Francis
Page : 302 pages
File Size : 49,9 Mb
Release : 2023-04-10
Category : Business & Economics
ISBN : 9781000859362

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Contemporary Issues in Quantitative Finance by Ahmet Can Inci Pdf

Contemporary quantitative finance connects the abstract theory and the practical use of financial innovations, such as ultra-high-frequency trading and cryptocurrencies. It teaches students how to use cutting-edge computational techniques, mathematical tools, and statistical methodologies, with a focus on real-life applications. The textbook opens with chapters on financial markets, global finance, and financial crises, setting the subject in its historical and international context. It then examines key topics in modern quantitative finance, including asset pricing, exchange-traded funds, Monte Carlo simulations, options, alternative investments, artificial intelligence, and big data analytics in finance. Complex theory is condensed to intuition, with appendices presenting advanced mathematical or statistical techniques. Each chapter offers Excel-based implementations, conceptual questions, quantitative problems, and a research project, giving students ample opportunity to develop their skills. Clear chapter objectives, summaries, and key terms also support student learning. Digital supplements, including code and PowerPoint slides, are available for instructors. Assuming some prior financial education, this textbook is suited to upper-level undergraduate and postgraduate courses in quantitative finance, financial engineering, and derivatives.

Author : Eckhard Platen,David Heath
Publisher : Springer Science & Business Media
Page : 704 pages
File Size : 54,9 Mb
Release : 2006-10-28
Category : Business & Economics
ISBN : 9783540478560

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A Benchmark Approach to Quantitative Finance by Eckhard Platen,David Heath Pdf

A framework for financial market modeling, the benchmark approach extends beyond standard risk neutral pricing theory. It permits a unified treatment of portfolio optimization, derivative pricing, integrated risk management and insurance risk modeling. This book presents the necessary mathematical tools, followed by a thorough introduction to financial modeling under the benchmark approach, explaining various quantitative methods for the fair pricing and hedging of derivatives.

Author : Anonim
Publisher : Unknown
Page : 234 pages
File Size : 44,7 Mb
Release : 2006
Category : Investment advisors
ISBN : PSU:000056908022

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Investopedia's Inside Edge: Ethics and quantitative analysis by Anonim Pdf

Author : Omar Feraboli,Carlo J. Morelli
Publisher : Springer
Page : 268 pages
File Size : 50,5 Mb
Release : 2017-11-21
Category : Business & Economics
ISBN : 9783319658551

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Post-Crash Economics by Omar Feraboli,Carlo J. Morelli Pdf

This book demonstrates the continuing relevance of economics for understanding the world, through a restatement of the importance of plurality and heterodox ideas for teaching and research. The Great Financial Crash of 2007–8 gave rise to a widespread critique of economics for its inability to explain the most significant economic event since the 1930s. The current straightjacket of neo-classical undergraduate economic teaching and research hinders students’ understanding of the world they live in. The chapters in this book provide examples to demonstrate the importance of pluralistic and heterodox ideas from across the breadth of economics. The authors’ plurality of approach is indicative of the fact that economics is a much broader discipline than the dominant neo-classical orthodoxy would suggest. This volume provides undergraduate students with a range of alternative ideas and university lecturers with examples whereby the curricula have been broadened to include pluralist and heterodox ideas.

Author : Desi Adhariani,Nick Sciulli,Robert Clift
Publisher : Springer
Page : 324 pages
File Size : 45,7 Mb
Release : 2017-01-06
Category : Business & Economics
ISBN : 9783319335186

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Financial Management and Corporate Governance from the Feminist Ethics of Care Perspective by Desi Adhariani,Nick Sciulli,Robert Clift Pdf

This book investigates how businesses can adapt their executive and fiscal practices to adopt an ethical, equal-opportunity approach. The authors demonstrate how corporations can create sustainable work environments that embrace feminist care ethics and ground their research in a strong theoretical discussion of this relatively new framework. The discussion has a multidisciplinary outlook and explores how the concept of care ethics might be successfully applied to various professional contexts. Later chapters present findings from an empirical case study conducted in Australia and use both qualitative and quantitative methods to analyse the potential power of a feminist care of ethics approach within commercial and corporate management.

Author : Marianne M. Jennings
Publisher : Unknown
Page : 128 pages
File Size : 51,6 Mb
Release : 2013-09
Category : Electronic
ISBN : 1934667617

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Ethics and Financial Markets by Marianne M. Jennings Pdf