/cgi-bin/koha/opac-search.pl?q=ccl=an%3A13546&sort_by=relevance&format=rss 2 0 50 ISBN:9781009503105 /cgi-bin/koha/opac-detail.pl?biblionumber=756885 ]]> By Lipton, Alexander.
UK: Cambridge University Press, 2024 .
138p. , An intriguing link between a wide range of problems occurring in physics and financial engineering is presented. These problems include the evolution of small perturbations of linear flows in hydrodynamics, the movements of particles in random fields described by the Kolmogorov and Klein-Kramers equations, the Ornstein-Uhlenbeck and Feller processes, and their generalizations. They are reduced to affine differential and pseudo-differential equations and solved in a unified way by using Kelvin waves and developing a comprehensive math framework for calculating transition probabilities and expectations. Kelvin waves are instrumental for studying the well-known Black-Scholes, Heston, and Stein-Stein models and more complex path-dependent volatility models, as well as the pricing of Asian options, volatility and variance swaps, bonds, and bond options. Kelvin waves help to solve several cutting-edge problems, including hedging the impermanent loss of Automated Market Makers for cryptocurrency trading. This title is also available as Open Access on Cambridge Core. 9781009503105

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]]> /cgi-bin/koha/opac-detail.pl?biblionumber=756885 ISBN:9781009405010 /cgi-bin/koha/opac-detail.pl?biblionumber=756888 ]]> By Rebonato, Riccardo.
UK: Cambridge University Press, 2024 .
340p. , Caught in the crossfire between climate deniers and catastrophists, the intelligent layperson is understandably bewildered when faced with the complexity of climate change. How To Think About Climate Change shows that economics provides not just a suitable, but an indispensable perspective to understand the root causes of the climate-change problem: scarcity of resources, externalities and free riding. Riccardo Rebonato argues that there are no silver bullets or easy solutions. However, he shows that the new-generation economics models offer a radically different insight about our best course of action from what most early models recommended – in particular, they suggest that fast and large-scale climate action can now be justified as the most cost-effective strategy without requiring the 'infinite altruism' of earlier models. Given the conceptual tools provided in this book, readers can decide whether they agree with these conclusions – and, if they do, what the most effective courses of action are. 9781009405010

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