A knowledge and interest in stochastic differential equations and the workings of such software packages as Mathematica would encourage you to make the purchase.
Should I buy the book? Well that depends very much on your interest in the field of financial modelling and also your level of mathematics. It includes virtually all of the Mathematica packages dealt with in the book. If you are a practising financial modeller then you will be delighted to receive the CD that is provided with the book. The terms used and goals set out do need to be understood to be appreciated. From exploring market behavior to managing portfolios, Wolfram Finance Platform provides state-of-the-art calculations and easy connectivity to databases. What is needed, I believe, is a good knowledge of modelling in a financial environment. Not all the necessary mathematics that supports the theory is included cyberneticians, on the other hand, who are specialists in the field, will wonder why so much has not been included. The reader does need to have a good general knowledge of mathematics but need not be a specialist in this area to understand the problems of modelling this application or appreciating the choice of methods. It is also his intention to offer comparisons of the various methods that are currently available. He wants to show how the package can be used to model financial derivatives and also the mathematical development is to be described. The author is quite clear as to what he wishes to achieve. But to a degree it is self‐explanatory and much of its thesis can be followed without reverting to a software manual. For non‐specialists perhaps it would be useful to first read about this package and the book is written with this in view. This book shows how a software package “Mathematica” can be used in such a context. Wolfram Knowledgebase Curated computable knowledge powering Wolfram|Alpha.Readers of this journal have already (see Altonen and Östermark, 1998 Östermark and Altonen, 1999 Östermark and Söderlund, 1999 Östermark et al., 1999) received an insight into the problems of modelling financial derivatives and associated researches. Wolfram Universal Deployment System Instant deployment across cloud, desktop, mobile, and more. Wolfram Data Framework Semantic framework for real-world data.
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