Financial Research and Learning Resources
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Review of Derivatives Research
Business and Economics, Finance /Banking and Economics/Management Science
Academic Journals Feedback Project
We all have our war stories about journal editors, reviewers, and the manuscript refereeing process. But little is known about these aspects of academic publishing beyond the anecdotal. Until now.
Journal Cost-Effectiveness 2005-6 BETA
Use this search engine to find internationally-published journals and rank them by price per article or citation.
Modern Finance vs. Behavioural Finance: An Overview of Key Concepts and Major Arguments (2005)
By Panagiotis Andrikopoulos. Abstract: Modern Finance has dominated the area of financial economics for at least four decades. Based on a set of strong but highly unrealistic assumptions its advocates have produced a range of very influential theories and models. Nonetheless, in the last two decades a new academic school of thought has emerged that refutes the key assumption of a homo economicus; an assumption that represents the cornerstone for the development of the theory of efficient markets. The first empirical evidence against efficient markets in the mid-eighties signalled the beginning of a fierce debate between these two schools of thought. This paper gives an overview of the key arguments of these two distinctive academic doctrines.
On the Use of Numeraires in Option Pricing (pdf, 2001)
By Simon Benninga, Tomas Bjork, Zvi Wiener - In this paper we discuss the significant computational simplification that occurs when option pricing is approached through the change of numeraire technique.
Finance-and-Physics Papers Database
A huge collection of papers arranged by author.
The History of Money: from Ancient Times to the Present Day
By Glyn Davies. Monetary history in context from the dawn of civilization to the beginning of the twenty first century, based on the definitive book on the subject.
Classic Financial and Corporate Scandals
"Bankers who hire money hungry geniuses should not always express surprise and amazement when some of them turn around with brilliant, creative, and illegal means of making money." - Linda Davies.
Louis Bachelier: On the Centenary of Theories de la Speculation (pdf)
By Jean-Michel Courtault, Yuri Kabanov, Bernard Bru, Pierre Crepel, Isabelle Lebon and Arnaud Le Marchand. The date March 29, 1900, should be considered as the birthdate of mathematical finance. On that day, a French postgraduate student, Louis Bachelier, successfully defended at the Sorbonne his thesis Theorie de la Speculation. As a work of exceptional merit, strongly supported by Henri Poincare, Bachelier's supervisor, it was published in Annales Scientifiques de l'Ecole Normale Superieure, one of the most influential French scientific journals.
Daniel Kahneman's Nobel Lecture, December 8, 2002, at Aula Magna, Stockholm University.
Neuroeconomics: A Primer (pdf)
By Kevin McCabe (George Mason University) - Neuroeconomics is the study of how the embodied brain interacts with its external environment to produce economic behavior.
Tips for Publishing in Finance Academic Journals (pdf)
Don Chance presents a collection of thoughts and views of some of the not-so-obvious issues and concerns that enter into the process of getting a research study published in a refereed academic journal. It is purely personal. Some views and strategies might even be considered controversial.
Tips for Publishing in Finance Academic Journals (pdf)
Don Chance presents a collection of thoughts and views of some of the not-so-obvious issues and concerns that enter into the process of getting a research study published in a refereed academic journal. It is purely personal. Some views and strategies might even be considered controversial.
Introduction to Economic Analysis
By R. Preston McAfee (California Institute of Technology) - "The Open Source Introduction to Microeconomics".
Advice for Students: 10 Steps Toward Better Research
To help students get up to speed on basic research skills, LifeHack presents 10 tips to help you find, organize, and use the information you need to put together a decent research paper.
A Guide to Casino Mathematics (pdf)
By Robert C. Hannum (University of Denver) This guide contains a brief, non-technical discussion of the basic mathematics governing casino games and shows how casinos make money from these games. The article addresses a variety of topics, including house advantage, confusion about win rates, game volatility, player value and comp policies, casino pricing mistakes, and regulatory issues. Statistical advantages associated with the major games are also provided.
A huge resource including: C Programming Tutorials, Object Oriented Programming, C++ Programming Tutorials, Advance C++ Topics, C++ Programming Tutorials, Programming Articles, Free Programming E-Books, Source Code, Books, Utilities.
Nassim Nicholas Taleb's Quantitative Notes & Lectures
A mixture of Nassim Taleb's lectures at the Courant Institute, & musings when I am bored, ranging from probability theory & quantitative finance to computational epistemology: Preasymptotics, Inverse Problems and Platonicities: - Lectures on Risk and Probability.
From Efficient Market Theory to Behavioural Finance (2002, pdf)
By Robert Shiller. Abstract: The efficient markets theory reached the height of its dominance in academic circles around the 1970s. Faith in this theory was eroded by a succession of discoveries of anomalies, many in the 1980s, and of evidence of excess volatility of returns. Finance literature in this decade and after suggests a more nuanced view of the value of the efficient markets theory, and, starting in the 1990s, a blossoming of research on behavioral finance. Some important developments in the 1990s and recently include feedback theories, models of the interaction of smart money with ordinary investors, and evidence on obstacles to smart money.
The Study Guides & Strategies Web Page
The Study Guides and Strategies web site is authored, maintained and supported by Joe Landsberger as an independent educational public service. Collaborative projects are developed across institutional, cultural and national boundaries.
By Gary Stix. Financial engineering can lessen exposure to the perils of running a multibillion-dollar business or a small household. But mathematical models used by this discipline may present a new set of hazards.
Stochastic Volatility and Local Volatility (pdf, 2002)
Jim Gatheral, Merrill Lynch - Case Studies in Financial Modelling Course Notes.
The Mathematics of Gambling (1984)
By Dr. Edward O. Thorp
This enormous collection of lecture notes for economists covers: Consumers, firms, and general equilibrium; Game theory and mechanism design; Applied and computational micro / other topics in micro; Mathematics for economists; Optimization; Linear algebra / calculus / differential equations; Analysis / measure theory / topology; Mathematical game theory and logic; Recursive (dynamic programming) treatments and dynamic methods; Asset pricing, financial economics and financial mathematics; Other macro and computational methods; Probability and mathematical statistics; Econometrics (general); Macroeconometrics (time series) / financial econometrics; Microeconometrics; Matlab; Gauss; Stata.
Topics in Financial Mathematics
Lecture Notes: Spring Semester, 2000 - By John Stalker.
The Ultimate Investor: The People and Ideas that Make Modern Investment
By Dean LeBaron and Romesh Vaitilingam.
An Introduction to Computational Finance Without Agonizing Pain (pdf)
By Peter Forsyth (2007) "Men wanted for hazardous journey, small wages, bitter cold, long months of complete darkness, constant dangers, safe return doubtful. Honour and recognition in case of success." Advertisement placed by Earnest Shackleton in 1914. He received 5000 replies. An example of extreme risk-seeking behaviour. Hedging with options is used to mitigate risk, and would not appeal to members of Shackleton's expedition.
Mathematical Finance: Theory, Modeling, Implementation
Stochastic Processes, Interest Rate Models, Hybrid Models, Numerical Methods, Object Oriented Implementation. By Christian P. Fries.