a practical guide for quants, traders and validators Morini, Massimo. text bibliography nju Hoboken Wiley 2011 1st ed. monographic eng

print

xx, 428 p. : ill. ; 25 cm. "A guide to the validation and risk management of quantitative models used for pricing and hedging. Whereas the majority of quantitative finance books focus on mathematics and risk management books focus on regulatory aspects, this book addresses the elements missed by this literature--the risks of the models themselves. This book starts from regulatory issues, but translates them into practical suggestions to reduce the likelihood of model losses, basing model risk and validation on market experience and on a wide range of real-world examples, with a high level of detail and precise operative indications"-- "Understanding and Managing Model Risk is a guide to the validation and risk management of quantitative models used for pricing and hedging"-- [edited by] Massimo Morini. Includes bibliographical references and index. Risk management Risk management Mathematical models BUSINESS & ECONOMICS / Finance HD61 .U53 2011 332.645 BUS027000 9780470977613 (hardback) 2011031397 DLC 110803 20160617162214.0 16902376