دانلود رایگان کتاب My Life As A Quant
What is it that physicists do on Wall Street? Mostly, they build models
to determine the value of securities. Buried in investment banks, at hedge funds, or at financial software companies such as Bloomberg or Sun Gard, they tinker with old models and develop new ones. And by far the most famous and ubiquitous model in the entire financial world is the Black Schools options pricing model. Steve Ross, a famous financial economist and options theorist and now a chaired professor at M.I.T, once wrote in The Palgrave Dictionary of Economics that “… options pricing theory is the most successful theory not only in finance, but in all of economics.