Derivative Securities and Difference MethodsSeries : Springer Finance Zhu, You-lan, Wu, Xiaonan, Chern, I-Liang2004, XVIII, 513 p. 92 illus., HardcoverISBN: 0-387-20842-9 Table Of contentsSample OneSample Two

Liborforce have you read this book?

QuoteOriginally posted by: CuchulainnLiborforce have you read this book?Don't know how to "read" your question - have you read it? Do you have an opinion on it?

My question is:"have you read the book?"For example, the question:"have you read Ulysses by James Joyce?", most people would say NO, some people have read the last chapter, and a few have read it from cover to cover and have understood it.Next questions? many ...

i think i'd wait for duffy's book to come out....I have a feeling duffy's is gonig to easy to read and more inspiring than this one

have a feeling? give me a break!

> have a feeling? give me a break! welcome to the Wilmott site

I feel that the industry has moved on and people have to write bookswith lots of examples ie. source code. What we want is lessmystery in quant finance.

Yomi,do yo mean that you would like to see how to map FDM (for example) to design patterns and C++?

Yes but to real world complicated examples. I liked your first book because ithad C++ code that allowed me to use FDM. Where there was no code, you explained concepts in such a way that I could write my own code. A lot of authors in quant finance tend to concentrate on writing about complicated theory but not on the application of the theory to real world problems.

yes, I agreeLooiking at a PDE or a SDE or FDM/FEM is great but it does not show how ro really do it and it does not help people to help themselves as it were. Actually, IMO when one starts programming all thst stuff is the time when you start to REALLY understand. Then one sees the complete panorama.

So.....has anyone read this book?

QuoteOriginally posted by: yomiI feel that the industry has moved on and people have to write bookswith lots of examples ie. source code. What we want is lessmystery in quant finance.i think i'll stop reading books without algorithms or source codes. it's a waste of time.

Out of 131,000 people that have viewed this thread, not one has read the book?

I have this book. But no, I didn't finish reading this from cover to cover. The book is more like "the missing math manual for wilmott or hull". The first part of the book shows you how to setup PDEs for vanilla, exotic and interest rate in great detail. The 2nd part then shows you how to *SETUP* various FDMs to solve those PDEs. By "SETUP", I mean there's no single line of code in it. In fact, implementation is conveniently left as end of chapter exercise. This book is a pure PDE book, there's no mentioning of martingale or monte carlo at all.Personally I really like this book, especially the pde derivation part. The writing is very concise, yet there's no missing steps in derivation. It's a book for people who find math in Wilmott or Hull not challenging or people who think introductory books are too verbose.If you're interested in this book, I suggest you wait Springer's annual yellow sale. I think i got a half price off in last year's sale.