Salary.sg Forums - View Single Post - Seeking Advice For Jobs In Finance Sector
View Single Post
  #37 (permalink)  
Old 28-02-2012, 10:48 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Anonymous View Post
Haha hey did you read Book 2 (continuous stochastic modelling) or book 1? book 1 is baby stuff btw.
i read the book 2 continuous stochastic modelling - for a engineer/scientist, it seems so intuitive to think asset prices as a stochastic variable - just like white noise with added drift in my DSP processing... well honestly it quite heavy stuff to me towards the end when it talks abt the fwd libor model - and also trying to extend it to american expiry pricing with poisson jump process for credit event - seems eventually a numerical method is required mm... a bit blur not sure how to solve real finance problem given by my friend.... hehe

anyway, i think i still lack market knowledge especially on the implied vol stochastic modelling.. it seems quite to voodoo science to me, prob might be some serious money making strategies for hedge funds i guess...

Well bloomberg machine not within my 200m radius doesnt help
Reply With Quote