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New book "Advanced Quantitative Finance with C++"

Sunitha Palanna

Joined
8/13/14
Messages
1
Points
11
The models in this book don't work in the real world! There is nothing new offered in it! I would be a fool of all fools in buying such a book!
 
themarketprofessor said:
The models in this book don't work in the real world! There is nothing new offered in it! I would be a fool of all fools in buying such a book!
Click to expand...
Can you elaborate? A blanket shoot-down - which seems to be your current style - is not very useful.

BTW I was unable to find a TOC, maybe I missed it.

Have you studied and run the codes?

Some possible points:

1. models
2.maths
3. algorithms
4. C++ code
 
Last edited:
Daniel Duffy said:
Can you elaborate? A blanket shoot-down - which seems to be your current style - is not very useful.

BTW I was unable to find a TOC, maybe I missed it.

Have you studied and run the codes?

Some possible points:

1. models
2.maths
3. algorithms
4. C++ code
Click to expand...

As I've pointed out in my other posts that current models don't work as realistic tools for pricing derivatives in general.

As a derivatives trader, without unnecessary luxury of advanced quantitative tools I could simply and successfully mark vanilla prices using 1D or 2D cubic splines which should be then naturally the model for pricing exotics. How on earth would I imagine anything else more appropriate and simpler tools?

Perhaps you are among the ppl who have been brainwashed and confined themselves in a theoretical box, never looked outside for a realistic approach. As a matter of fact, many traders don't need and will never need the so called advanced quantitatives or Stochastic calculus when making derivative prices. Life can be that simple! Simplicity is bliss!

This will continue to be my lines of attack to any past and current models until you or somebody convinces me with real evidence that we need them.
 
themarketprofessor said:
As I've pointed out in my other posts that current models don't work as realistic tools for pricing derivatives in general.

As a derivatives trader, without unnecessary luxury of advanced quantitative tools I could simply and successfully mark vanilla prices using 1D or 2D cubic splines which should be then naturally the model for pricing exotics. How on earth would I imagine anything else more appropriate and simpler tools?

Perhaps you are among the ppl who have been brainwashed and confined themselves in a theoretical box, never looked outside for a realistic approach. As a matter of fact, many traders don't need and will never need the so called advanced quantitatives or Stochastic calculus when making derivative prices. Life can be that simple! Simplicity is bliss!

This will continue to be my lines of attack to any past and current models until you or somebody convinces me with real evidence that we need them.
Click to expand...
Where do you work again?
 
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