An accessible and mathematically rigorous resource for masters and PhD students In Foundations of the Pricing of Financial Derivatives: Theory and Analysis two expert finance academics with professional experience deliver a practical new text for doctoral and masters’ students and also new practitioners. The book draws on the authors extensive combined experience teaching, researching, and consulting on this topic and strikes an effective balance between fine-grained quantitative detail and high-level theoretical explanations. The authors fill the gap left by books directed at masters’-level students that often lack mathematical rigor. Further, books aimed at mathematically trained graduate students often lack quantitative explanations and critical foundational materials. Thus, this book provides the technical background required to understand the more advanced mathematics used in this discipline, in class, in research, and in practice. Readers will also find: Tables, figures, line drawings, practice problems (with a solutions manual), references, and a glossary of commonly used specialist terms Review of material in calculus, probability theory, and asset pricing Coverage of both arithmetic and geometric Brownian motion Extensive treatment of the mathematical and economic foundations of the binomial and Black-Scholes-Merton models that explains their use and derivation, deepening readers’ understanding of these essential models Deep discussion of essential concepts, like arbitrage, that broaden students’ understanding of the basis for derivative pricing Coverage of pricing of forwards, futures, and swaps, including arbitrage-free term structures and interest rate derivatives An effective and hands-on text for masters’-level and PhD students and beginning practitioners with an interest in financial derivatives pricing, Foundations of the Pricing of Financial Derivatives is an intuitive and accessible resource that properly balances math, theory, and practical applications to help students develop a healthy command of a difficult subject.
Drawings and short essays offer engaging and accessible explanations of key ideas in physics, from triangulation to relativity and beyond. Humans have been trying to understand the physical universe since antiquity. Aristotle had one vision (the realm of the celestial spheres is perfect), and Einstein another (all motion is relativistic). More often than not, these different understandings begin with a simple drawing, a pre-mathematical picture of reality. Such drawings are a humble but effective tool of the physicist's craft, part of the tradition of thinking, teaching, and learning passed down through the centuries. This book uses drawings to help explain fifty-one key ideas of physics accessibly and engagingly. Don Lemons, a professor of physics and author of several physics books, pairs short, elegantly written essays with simple drawings that together convey important concepts from the history of physical science. Lemons proceeds chronologically, beginning with Thales' discovery of triangulation, the Pythagorean monocord, and Archimedes' explanation of balance. He continues through Leonardo's description of “earthshine” (the ghostly glow between the horns of a crescent moon), Kepler's laws of planetary motion, and Newton's cradle (suspended steel balls demonstrating by their collisions that for every action there is always an equal and opposite reaction). Reaching the twentieth and twenty-first centuries, Lemons explains the photoelectric effect, the hydrogen atom, general relativity, the global greenhouse effect, Higgs boson, and more. The essays place the science of the drawings in historical context—describing, for example, Galileo's conflict with the Roman Catholic Church over his teaching that the sun is the center of the universe, the link between the discovery of electrical phenomena and the romanticism of William Wordsworth, and the shadow cast by the Great War over Einstein's discovery of relativity. Readers of Drawing Physics with little background in mathematics or physics will say, “Now I see, and now I understand.”
In the updated second edition of Don Chance’s well-received Essays in Derivatives, the author once again keeps derivatives simple enough for the beginner, but offers enough in-depth information to satisfy even the most experienced investor. This book provides up-to-date and detailed coverage of various financial products related to derivatives and contains completely new chapters covering subjects that include why derivatives are used, forward and futures pricing, operational risk, and best practices.
This book examines the much-debated question of whether John Maynard Keynes' greatest work—The General Theory of Employment Interest and Money—was an instance of Mertonian simultaneous scientific discovery. In part I of this study, Don Patinkin argues for Keynes' originality, rejecting the claims of the Stockholm school and the Polish economist Michal Kalecki. Patinkin shows that the theoretical problems to which the Stockholm school and Kalecki devoted their attention largely differed from those of the General Theory and that, even when the problem addressed was similar, the treatment they accorded it was not part of their central messages. In the remaining parts of the book Patinkin presents a critique of Keynes' theory of effective demand and discusses Keynes' monetary theory and policy thinking, as well as the relationship between the respective developments of Keynesian theory and national income accounting in the 1930s.
Renowned journalist Don Lattin, longtime reporter for the San Francisco Examiner and more recently the San Francisco Chronicle, interprets the American spiritual and religious landscape since the 60s with insight, wit, and telling reporting. What David Brooks did for the American social and commercial landscape in the bestselling Bobos In Paradise, he does for the spiritual landscape, showing how the 60s have had a profound transformative impact in every area of spirituality. This is the first comprehensive look at the spiritual legacy of the 60s and 70s, as seen through the lives of those raised amid some of the era’s wildest experimentation.
In the field of financial risk management, the 'sell side' is the set of financial institutions who offer risk management products to corporations, governments, and institutional investors, who comprise the 'buy side'. The sell side is often at a significant advantage as it employs quantitative experts who provide specialized knowledge. Further, the existing body of knowledge on risk management, while extensive, is highly technical and mathematical and is directed to the sell side.This book levels the playing field by approaching risk management from the buy side instead, focusing on educating corporate and institutional users of risk management products on the essential knowledge they need to be an intelligent buyer. Rather than teach financial engineering, this volume covers the principles that the buy side should know to enable it to ask the right questions and avoid being misled by the complexity often presented by the sell side.Written in a user-friendly manner, this textbook is ideal for graduate and advanced undergraduate classes in finance and risk management, MBA students specializing in finance, and corporate and institutional investors. The text is accompanied by extensive supporting material including exhibits, end-of-chapter questions and problems, solutions, and PowerPoint slides for lecturers.
First Published in 1998. This is Volume XI of twenty-two in a series on Social Theory and Methodology. Notions are widespread that sociological theory is either an industrious activity on the drawing boards of the architects of fantasy or a branch of esoterics operating in a shadowy realm of semi-darkness. The present study holds neither of these conceptions of sociological. The present study’s function is to illuminate the difference between one theory and another. The power and reliability of a theory are not always evident all at once. A theory may have a power to explain what was not originally anticipated; it may also disclose the existence of problems it cannot explain.
What if the United States really was not the land of the government of the people, by the people, for the people? What if instead of the duly elected President and Congress, there was a second, secret corporate organization with Government ties dominating the affairs of state within the United States? Was Pearl Harbor a plot conceived by Roosevelt and Churchill to get an isolationist U.S. into WWII? What force thrust Harry Truman into a position to lead us into the atomic age? How was he elected, and who really killed JFK? Why did Lyndon Johnson leave the White House at the height of the Vietnam War? Why did we stop at the gates of Baghdad during the first Desert War against Saddam Hussein? The political and military leaders of the latter sixty years of the 20th Century come alive in these pages, and the historical events actually took place. Where does the line between fiction and historical fact become blurred? The answer to all of these questions is Knights Code.
This book is an ethnographic account of San Francisco’s most inner city neighborhood, the Tenderloin. Using its streets as campus and its people as teachers, Stannard-Friel uses storytelling as a way of explaining why inner city social problems, such as homelessness, drugs, prostitution, untreated mental illness, and death of young people by murders and suicides, exist and persist there. The work delves into who lives in the Tenderloin and why, the role of dedicated service providers in meeting people’s needs and encouraging social change, and what lessons university students, many coming from their own challenging backgrounds, learn through community engagement and service learning that encourage understanding, compassion, and meaningful contributions to society. The work also explores how life in the area is changing, and why so many youth report that they “love living in the Tenderloin.”
In this outstanding new study Don Weatherburn confronts the data, appalling as they are, with his characteristic plain speaking and good sense. No excuses are offered, or simple solutions applied. — Mark Finnane, ARC Australian Professorial Fellow, Griffith University This is a provocative and courageous book by a well-respected criminologist, offering a critique of the over-representation of Indigenous people in custody and of the programs and approaches that are attempting to ameliorate the situation…All Australians owe it to Indigenous Australians to reduce these rates of incarceration. — Dr Maggie Brady, CAEPR, ANU Finally Weatherburn reviews some of the clumsy theorizing that have been at the centre of the debates about the overrepresentation of Indigenous Australians in our criminal justice system since the Royal Commission into Aboriginal Death inCustody in the early 1990s. — Rod Broadhurst, Professor of Criminology at the ANU Despite sweeping reforms by the Keating government following the 1991 Royal Commission into Aboriginal Deaths in Custody, the rate of Indigenous imprisonment has soared. What has gone wrong? In Arresting incarceration, Dr Don Weatherburn charts the events that led to Royal Commission. He also argues that past efforts to reduce the number of Aboriginal Australians in prison have failed to adequately address the underlying causes of Indigenous involvement in violent crime; namely drug and alcohol abuse, child neglect and abuse, poor school performance and unemployment.
Illness and death have always raised profound spiritual concerns. However, today most people experience suffering and treatment in hospitals and other impersonal, bureaucratic facilities whose employees are expected to follow scientific, rationalized norms of behavior. How do professional caregivers—the nurses and other workers who tend to patients—navigate between science and spirituality? Don Grant investigates the subtle ways that nurses at an academic medical center incorporate spirituality into their care work. Based on extensive fieldwork and an in-depth survey on spirituality, this book finds that many nurses see themselves as responsible for not only patients’ physical health but also their spiritual well-being. They believe they are able to reconcile science and spirituality through storytelling and claim that they can provide more spiritual care than chaplains. However, nurses rarely talk about religion among themselves because they are concerned that their colleagues are uncomfortable discussing spirituality. Nevertheless, by seeking to honor patients’ ultimate worth as human beings, many nurses are able to instantiate spiritual values of care. Grant interweaves his experiences as a hospital volunteer chaplain and a living liver-transplant donor with empirical analyses of nurses’ spiritual work. Developing a new understanding of the social significance of religion, Nursing the Spirit recasts the intersection of science and spirituality by centering the perspectives of the people who provide care.
LETHAL CONTAINMENT The high-level demonstration of a military experiment has gone hideously wrong. A refined nerve agent--designed to temporarily enhance strength and endurance on the battlefield--has failed. Anyone who comes in direct contact with the highly contagious agent is transformed into a human monster: a living, breathing, killing machine. The research facility is in full lockdown and Hal Brognola is trapped inside. Mack Bolan and Phoenix Force's David McCarter must enter the hot zone where contaminated researches are slaughtering each other. The threat to the population at large is enormous. If the Stony Man warriors can't gain control of the facility, Brognola and countless others will die. And while the battlefield is a new one, the Executioner's mission remains the same: protect the innocent and punish the guilty.
Improve student enrollment outcomes and meet institutional goals through the effective management of student enrollments. Published with the American Association for Collegiate Registrars and Admissions Officers (AACRAO), the Handbook of Strategic Enrollment Management is the comprehensive text on the policies, strategies, practices that shape postsecondary enrollments. This volume combines relevant theories and research, with applied chapters on the management of offices such as admissions, financial aid, and the registrar to provide a comprehensive guide to the complex world of Strategic Enrollment Management (SEM). SEM focuses on achieving enrollment goals, and sustaining institutional revenue and serving the needs of students. It provides insights into the ways SEM is practiced across four-year institutions, community colleges, and professional schools. More than just an enhanced approach to admissions and financial aid, SEM examines the student's entire educational cycle. From entry through graduation, this volume helps SEM professionals and graduate students interested in enrollment management to anticipate change and balancing the goals of revenue, access, diversity, and prestige. The Handbook of Strategic Enrollment Management: Provides an overview of the thinking of leading practitioners that comprise SEM organizations, including marketing, recruitment, and admissions; tuition pricing; financial aid; the registrar's role, academic advising; and, retention Includes up-to-date research on current issues in SEM including college choice, financial aid, student persistence, and the effective use of technology Guides readers creating strategic enrollment organizations that fit the unique history, culture, and policy context of your campus Strategic enrollment management has become one of the most important administrative areas in postsecondary education, and it is being adopted in countries around the globe. The Handbook of Strategic Enrollment Management is for anyone in enrollment management, admissions, financial aid, registration and records, orientation, marketing, and institutional research who wish to enhance the health and vitality of his or her institution. It is also an excellent text for graduate programs in higher education and student affairs.
Alleviating stress leads to success. Stress debilitates and even damages the brain, inhibiting you from living your fullest, most successful life. Every level of life, from career to family to your golf score, is all about higher brain networks functioning at optimum. In The End of Stress, Don Joseph Goeweybrings a simple, straightforward solution that literally switches the brain's auto-pilot from habitual stress and anxiety, to one that's calm and wired for success. By utilizing the latest research inneuroscience and neuroplasticity, Goewey offers a 4-step process that has been tested through webinars and seminars in high stress environments with chief executives, managers, engineers, and even blue collar construction workers. The End of Stress givesyou easy to apply tools to transcend stress and build the brain structure and chemistry to bring you your best day every day"--
Author Don Nardo discusses the scientific revolution in Europe that led to what we now know as modern science. Readers will be introduced to the forerunners of modern science. They will become acquainted with advances such as the telescope and with advances in scientific methods. Newton and gravitation are covered, as well as enlightenment and beyond. Full-color photographs, maps, illustrations, timelines, and sidebars support the text.
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