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9781584884132

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Pardon the pun, but I jumped at the opportunity to endorse this book. This book is the first complete treatment of markets rendered incomplete by the reality of jumps in prices and volatilities. If I were you, I would pounce. -Dr. Peter Carr, Head of Quantitative Research, Bloomberg LP and Director of Masters Program in Mathematical Finance, NYU This book is an extremely rich source of information...the content speaks for itself... -ISI Short Book Reviews This book is an extremely rich source of information for recent developments in the use of jump processes in financial modelling, in particular the use of Levy processes. The authors work at a comfortable mathematical pace choosing carefully which proofs to include and exclude and never losing sight of financial interpretation and application. The authors conclude the main body of their text by saying: 'We hope that the present volume will encourage more researchers and practitioners to contribute to this topic and improve on our understanding of theoretical, numerical and practical issues related to financial modelling with jump processes'. I am quite convinced that this goal will be achieved. -Dr. Andreas E. Kyprianou, International Statistics Institute book reviews What makes this book attractive is its comprehensiveness. ... this is an excellent book. Read it. You will learn much. -Glyn A. Holton, Contingency Analysis One of the first texts which is entirely devoted to option pricing with non-continuous jump-type stochastic processes ... an easygoing presentation where the basic problems of jump models are not additionally obscured by technicalities. -Journal of the Royal Statistics I love this book. It will be required reading for students entering Levy finance. My judgment is that it will be useful both within academia, particularly to people in stochastics, econometrics, and other fields wanting to develop an interest in finance, and to practitioners. -N.H. Bingham, Journal of the American Statistical Association

Pardon the pun, but I jumped at the opportunity to endorse this book. This book is the first complete treatment of markets rendered incomplete by the reality of jumps in prices and volatilities. If I were you, I would pounce. -Dr. Peter Carr, Head of Quantitative Research, Bloomberg LP and Director of Masters Program in Mathematical Finance, NYU This book is an extremely rich source of information for recent developments in the use of jump processes in financial modelling, in particular the use of lKvy processes. The authors work at a comfortable mathematical pace choosing carefully which proofs to include and exclude and never losing sight of financial interpretation and application. The authors conclude the main body of their text by saying: We hope that the present volume will encourage more researchers and practitioners to contribute to this topic and improve on our understanding of theoretical, numerical and practical issues related to financial modelling with jump processes. I am quite convinced that this goal will be achieved. - Dr. Andreas E. Kyprianou in the 'International Statistics Institute' book reviews What makes this book attractive is its comprehensiveness....this is an excellent book. Read it. You will learn much. - Glyn A.Holton of 'Contingency Analysis' One of the first texts which is entirely devoted to option pricing with non-continuous jump-type stochastic processes an easygoing presentation where the basic problems of jump models are not additionally obscured by technicalities. - Journal of the Royal Statistics

""Pardon the pun, but I jumped at the opportunity to endorse this book. This book is the first complete treatment of markets rendered incomplete by the reality of jumps in prices and volatilities. If I were you, I would pounce."" -Dr. Peter Carr, Head of Quantitative Research, Bloomberg LP and Director of Masters Program in Mathematical Finance, NYU ""This book is an extremely rich source of information…the content speaks for itself…"" -ISI Short Book Reviews ""This book is an extremely rich source of information for recent developments in the use of jump processes in financial modelling, in particular the use of Levy processes. The authors work at a comfortable mathematical pace choosing carefully which proofs to include and exclude and never losing sight of financial interpretation and application. ""The authors conclude the main body of their text by saying: 'We hope that the present volume will encourage more researchers and practitioners to contribute to this topic and improve on our understanding of theoretical, numerical and practical issues related to financial modelling with jump processes'. I am quite convinced that this goal will be achieved."" -Dr. Andreas E. Kyprianou, International Statistics Institute book reviews ""What makes this book attractive is its comprehensiveness. … this is an excellent book. Read it. You will learn much."" -Glyn A. Holton, Contingency Analysis ""One of the first texts which is entirely devoted to option pricing with non-continuous jump-type stochastic processes … an easygoing presentation where the basic problems of jump models are not additionally obscured by technicalities."" -Journal of the Royal Statistics ""I love this book. It will be required reading for students entering Levy finance. My judgment is that it will be useful both within academia, particularly to people in stochastics, econometrics, and other fields wanting to develop an interest in finance, and to practitioners."" -N.H. Bingham, Journal of the American Statistical Association

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Rama Cont, Peter Tankov

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