Hi,any opinions on this book ?thks.

This book is too much of an overview to learn any real stuff.The reviews on Amazon are not too good either.I always see if there are reviews on Amazon before I buy a book.And I read the none 5 star rated reviews.I feel many reivews with 5 stars that mentions the author by name several timesand point out no real flaws in the book, are most likely reviews by the author's"friend".

I had a look to the part on FFT applied to option pricing..I think is very good, the author introduces in a nice way what are FFTs and their application to finance.rgds,S

Hi mates,I am reading the book. And I think it's very good. direct to the point mathematically,it underlies the intuition, and it has all the exercises fully corrected !

I agree with doghead.Treatment is either too cursory or not in depth enough to be of real use.In this regard it mimics what 'Theory and Practice of Derivatives' by Wilmott failed to acheive,i.e. a practical book whose theory described therein can be directly appiled to real world analysis of the markets.A prime example is the use of FFT.He describes the basic theory of it but not where you would wish to use it in a preactical situation. A far better resource of the application of FFT's to the markets is the IEEE transactions in Electrical and Electronic Engineering, which I would assume very few people indeed in this forum would read.These publications are state of the art in the application of Fourier techniques to systems.In fact you wouldn't use a FFT directly in any case - it'a way to inefficient computationally.There's a whole world of hybridised algorithms for this.This is just another example of a mathematician trying to move into other disciplines and not quite succeeding in pulling off a sound exposition in something probably a bit TOO applied for his own good.

It's quite a good book. It is about theory, like most mathematical finance/financial engineering books.

QuoteOriginally posted by: aahmad31This is just another example of a mathematician trying to move into other disciplines and not quite succeeding in pulling off a sound exposition in something probably a bit TOO applied for his own good.Quite contrary, Dr Cerny is one of the few mathematician with Finance education behind his belt (PhD in Finance from Warwick), and you can see it not only in this book, but also in his papers (I read few of them). Every point he makes, he tries to connect and interpret to real applications to problems in finance ...

Mathematical Techniques in Finance: Tools for Incomplete Markets by Ales Cerny is available from the Wilmott Bookshop.Laura

aside from the chapter on fourier transforms I didnt realy like this book..The finance books I prefer are those which I can read on the train and still have clue on what going on...with this one you really need ot be focussed and wide awake to understnad whats going on

I think this book is OK. But I don't think it's necessary to buy it. I'd rather borrow it from the library.