Physics of Finance: Gauge Modelling in Non-Equilibrium Pricing
Average customer rating: 5 out of 5 stars
  • A controversial book with insight
  • Solid Intro to the Future
  • New Vision, New Ideas, New Method
Physics of Finance: Gauge Modelling in Non-Equilibrium Pricing
Kirill Ilinski
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

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ASIN: 0471877387

Book Description

One of the newest and most controversial approaches to financial pricing. In Physics of Finance the author applies the methods of theoretical physics to financial economics to develop an altogether original method for pricing financial assets that steps outside the equilibrium paradigm in finance.
In Physics of Finance, basic assumptions underlying equilibrium pricing are re-examined, the risk factors hidden in the implications of equilibrium theory and the potential profit in unstable markets are discussed and gauge modelling is introduced.

Customer Reviews:

5 out of 5 stars A controversial book with insight.......2007-04-16

The author presented several valid points which challenge the established financial economics. The author demonstrated his deep insight in the topic. The framework he is proposing is new and interesting. I am not sure whether his fiber bundle theory is "more correct and more useful" than the existing economics theories (it might be though, I am currently still reading the book), but certainly the author has laid out his theory on a solid footing. I believe Ilinski has done a good job to make me look at the financial economics from a very different point of view. No matter whether you agree with him on the whole or not, this book is one of the books financial economists should read.

5 out of 5 stars Solid Intro to the Future.......2005-07-15

His description of the geometry of finance is worth the price alone. The eventual discussions of models near (and not so near) equilibrium leave out most of the finer the details but give the reader just enough to re-derive the coupled stochastics equations. I would like to see an Errata Sheet and a web site that lists the code (C, C++, Mathematica or Matlab) for each model discussed. As it stands he has driven deep into the heart of the problem. CAPM and the EMH are here to stay (until the old gaurd dies off). This is the 'new order', maybe.

I was put off initially by his references to Peters writings on chaos and the markets because Peters doesn't understand nonlnear dynamics. Lucky for us Ilinski just uses the fractal idea as a place holder for the real story.

I would like to see more on the use of Quantum Field Theory. The tutorial is well written and very helpful as a review. The detailed derivation for the non-equilibrium model needs expansion, IMHO.

All in all, this is a very readable work for anyone who understands the basics of Black-Sholes and appreciates the math behind stochastic differential equations. The use of Differential Geometry to include MONEY FLOWS is way over due and Ilinsky has filled a void with a real book worth reading.

This is the future... Every young physicist and financial engineer should read this just to see the possibilities. The theory is beautiful and the ramificatons are many. Just read it...

5 out of 5 stars New Vision, New Ideas, New Method.......2002-01-03

This book does not reduce the complexity of the finance to the laws of the physics. Ilinski offers a new vision of the finance based on the method of physics. Without doubt a great triumph for the gauge theory of all things.
Physics of Finance - Gauge Modelling in Non-equilibrium Pricing
Average customer rating: Not rated
    Physics of Finance - Gauge Modelling in Non-equilibrium Pricing
    ILLINSKI
    Manufacturer: NY
    ProductGroup: Book
    Binding: Paperback
    ASIN: B000N5FPZ2

    Conditions That Create Influence for Purchasing in Corporate Strategic Planning
    Average customer rating: Not rated
      Conditions That Create Influence for Purchasing in Corporate Strategic Planning
      Larry R. Smeltzer
      Manufacturer: Center for Advanced Purchasing Studies
      ProductGroup: Book
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      Purchasing & BuyingPurchasing & Buying | Industries & Professions | Business & Investing | Subjects | Books
      ASIN: 0945968280

      Police Leadership in America: Crisis and Opportunity
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        Police Leadership in America: Crisis and Opportunity

        Manufacturer: Praeger Paperback
        ProductGroup: Book
        Binding: Paperback

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        ASIN: 0275916723

        Book Description

        "Police Leadership in America: Crisis and Opportunity should not be overlooked. Every once in awhile a book of readings comes along which accomplishes its mission, to serve as a forum for argumentation and debate, and present the diversity of views on a particular subject. William Geller, the editor of this lengthy, but informative, treatise, brings together under one cover a veritable who's who in law enforcement. The list of writers includes practitioners, academics, researchers, and critics. . . . For the police professional the book is mandatory, and anyone interested in the world of policing shouldn't be without it." C.J. International
        Police Leadership in America: Crisis and Opportunity
        Average customer rating: Not rated
          Police Leadership in America: Crisis and Opportunity
          William A. Geller
          Manufacturer: Praeger Publishers
          ProductGroup: Book
          Binding: Paperback
          ASIN: B000ORF8OC
          Police Leadership in America: Crisis and Opportunity
          Average customer rating: Not rated
            Police Leadership in America: Crisis and Opportunity
            Editor-William A. Geller
            Manufacturer: Praeger Paperback
            ProductGroup: Book
            Binding: Paperback
            ASIN: B000ORB4PO

            The Bureau of Plant Industry;: Its history, activities, and organization
            Average customer rating: Not rated
              The Bureau of Plant Industry;: Its history, activities, and organization
              Fred Wilbur Powell
              Manufacturer: AMS Press
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              ASIN: 0404571476

              Synthetics, Mineral Oils, and Bio-Based Lubricants: Chemistry and Technology (Chemical Industries)
              Average customer rating: Not rated
                Synthetics, Mineral Oils, and Bio-Based Lubricants: Chemistry and Technology (Chemical Industries)

                Manufacturer: CRC
                ProductGroup: Book
                Binding: Hardcover

                General & ReferenceGeneral & Reference | Chemistry | Science | Subjects | Books
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                ASIN: 1574447238

                Book Description

                As the field of tribology has evolved, the lubrication industry is also progressing at an extraordinary rate. Updating the author's bestselling publication, Synthetic Lubricants and High-Performance Functional Fluids, this book features the contributions of over 60 specialists, ten new chapters, and a new title to reflect the evolving nature of the field- Synthetics, Mineral Oils, and Bio-Based Lubricants: Chemistry and Technology. The book contains chapters on all major lubricant fluids used in a wide range of applications. For each type of lubricant, the authors discuss the historical development, chemistry, properties, performance features, manufacturing, marketing, economics, applications requiring those fluids, and trends in the market. The new chapters cover ground-breaking topics including cyclohydrocarbons, gas-to-liquids (GTL), natural oils as lubricants, chemically modified vegetable oils, the biotechnological enhancement of soybean oil, automatic and continuously variable transmission fluids, environmentally friendly hydraulic fluids, fire-resistant hydraulic fluids, vegetable oil-based engine oils, magnetizable fluids, lubricants for the disk drive industry, fluids for food-grade applications, the critical cleaning of advanced lubricants from surfaces, and diesel automotive trends. In a single, unique volume, Synthetics, Mineral Oils, and Bio-Based Lubricants offers property and performance information of fluids, theoretical and practical background to their current applications, and strong indicators for global market trends that will influence the industry for years to come.

                The Chinese Fossil Reptiles and Their Kins
                Average customer rating: Not rated
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                  Manufacturer: Science Pr
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                  Methods for Solving Non-Linear Inverse Problems and Applications in Tomography
                  Average customer rating: Not rated
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                    W.R Lionheart , and Simon Robert Arridge
                    Manufacturer: Taylor & Francis
                    ProductGroup: Book
                    Binding: Hardcover

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                    ASIN: 0750307560

                    Book Description

                    Both electrical and optical imaging are rapidly expanding areas, with applications to medicine and industrial process monitoring. However, many groups use very crude algorithms and software that negate their effort in instrumentation and experimental areas. Methods for Solving Non-Linear Inverse Problems and Applications in Tomography is intended to be of use to those physicists and engineers working on these (and related) techniques over a wide range of applications. The book provides an introduction to reconstruction algorithms for nonlinear inverse problems, with emphasis on the authors' experience in the fields of electrical impedance tomography and near infrared optical absorption and scatter imaging (OAST). The book presents the subject with mathematical rigor, but also offers practical advice on methods that work.

                    L'Affaire
                    Average customer rating: 3 out of 5 stars
                    • not sure I really liked it
                    • The Quintessential American Girl Abroad
                    • A Page Turner But Not More
                    • best of diane
                    • unusual but uneven
                    L'Affaire
                    Diane Johnson
                    ProductGroup: Book
                    Binding: Hardcover
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                    ASIN: B000FWHU4C

                    Book Description

                    In Diane Johnson's L'Affaire, Amy Hawkins, a smart, pretty Palo Alto girl who made herself a dot-com fortune, goes to France to get a sheen of sophistication and, perhaps, to have an affair that will ruffle her all-too-steady heart. Amy starts her quest in the French Alps in the town of Valméri, amid an assortment of aristocrats and ski enthusiasts.

                    When two of the hotel's guests, esteemed English publisher Adrian Venn and his much younger American wife, Kerry, are swept away by an avalanche, Adrian's children— young, old, legitimate, illegitimate—assemble in Valméri to protect their interests.

                    Amy, already suspect because she is American, steps in to assist, and unintentionally sets in motion a series of events that spotlight ancient national differences, customs, and laws. Filled with love, sex, death, and travel, L'Affaire is Diane Johnson at her very best in a comedy of contemporary manners played out between the sexes as they stumble over cultural barriers and slam into cultural stereotypes.

                    Customer Reviews:

                    2 out of 5 stars not sure I really liked it.......2006-03-26

                    As a Francophile, I enjoy stories set in France as well as cultural studies, especially between Americans and the French, but this book missed the mark in a few areas. It began poorly, with badly written, run-on sentences, although her writing style gradually improved. I got into the story well enough and kept reading because I was curious how it was all going to turn out, but I agree that she lost steam in the end. The characters were not altogether likable, including the protagonist, Amy Hawkins, who was too naive and simple in many ways and clueless about relationships. There were random sexual interludes that seemed baseless, with too many characters believing they were in love when it was obviously lust. This was not a group of people I would want to know, and while it was interesting to see their thoughts through Diane Johnson's omniscient point of view, it just made them that much more ridiculous. Perhaps this was a satire, but I don't see how this author has been a repeat finalist for the Pulitzer Prize and National Book Award! It's entertaining but not nearly as absorbing as I would have hoped. (I bought it at a library book sale and am glad I only paid $4 for it. I would definitely not pay anywhere near the list price for this book and would recommend buying it used.) I would have given it 2.5 stars; when is Amazon going to make that possible???

                    5 out of 5 stars The Quintessential American Girl Abroad.......2006-02-28

                    I recommend this book especially if you loved "The Magic Mountain" by Thomas Mann and "The Red and the Black" by Stendhal. If you haven't read "The Magic Mountain", I strongly recommend you read it first. Otherwise you will miss the allusions not to mention half the fun.

                    When I picked up this book, I was worried that Diane Johnson wouldn't be able to outdo her last book "Le Mariage." It turns out that I was wrong! This book has a much better storyline, and I found the characters all equally strong. It's hard to know whether you should root for Amy Hawkins, Posey Venn, or Kip Canby. But that's Diane Johnson's genius. She has mastered the gentle but sharp satire of Jane Austen. All characters have their faults whether they consciously recognized them or not. For example, Posey is presented as a selfish tart. Yet Johnson makes you have sympathy for her. Life has clearly disappointed her, and her family looks down on her even though she has the most sense. Specifically, this book reminds me of "Mansfield Park" where the heirs are behaving badly because their father is an ineffective patriarch. (The Austen aficionado will undoubtedly know that "Mansfield Park" was modeled after "King Lear", and that Posey is another rebellious daughter.) The basic plot that drives this novel is that the adult children of British publishing magnate Adrian Venn are fighting over a possible inheritance (or lack thereof) while he and his wife are in a coma. The main character, Amy Hawkins, believes in the abstract theory opined by the anarchist Kropotkin: Cooperation is what drives humans to succeed in life. Hilarity ensues while Amy observes (and interferes with) the Venn children acting out various family dramas that seem on the surface to violate the social theory of cooperation. Or does the Venn children show that social cooperation is desperately needed to ensure family survival?

                    Fourteen-year-old Kip is poor Fanny Price, the outsider; he isn't sure of what to make of the Venn family even though he's thankful that his Uncle Adrian looked after him financially. At the same time Kip is Hans Castorp, the protagonist of "The Magic Mountain." Amy Hawkins is also like Hans because she tries to determine which philosophy works best for life. Should you live your life according to the selfish, sensual world of food and pleasure, or should you choose the cold, selfless Apollonian side of the intellect? This is played out by Amy's romantic choices as well as the larger political differences between the Anglo and the French systems of inheritance and affairs. Is divorce, which Americans and the British advocate, the solution to an affair? Does divorce lead to concomitant damages no family can recover from? Is the French attitude of accepting mistresses and illegitimate children (along with the role of the long suffering wife) a sophisticated view of marriage or a misogynistic one? To start the debate, read this book!

                    3 out of 5 stars A Page Turner But Not More.......2006-02-16

                    In L'Affaire, Diane Johnson continues her stories about the foibles of marriage and the interesting dynamic of Anglo-American/French relations.

                    In this book, a wealthy Englishman and his fairly recent, very young American bride are caught in an avalanche while skiing at an Alpine resort and fall into comas. His child out-of-wedlock, his children from his former marriage, and his relatives from his current marriage have to figure out where to transport him for medical care, with the knowledge that, if he dies, inheritances will be different depending on the country in which he dies. At the same time, the main characters are involved in romances and dramas in their own lives.

                    Johnson's view of the romance of French affairs is running through, and, strangely, she seems to have the least insight into her American characters (whether they are expats as in previous books or visitors as they are here). They seem to be knowledgeable in areas where they would have no knowledge and to be complete imbeciles in other areas.

                    However, I read this on the beach on vacation, and it did make for good beach reading. So if you are going to read it for pure fluff, go ahead and buy the book.

                    5 out of 5 stars best of diane.......2005-12-29

                    I am mystified by other reviewers' ennui... this was Diane Johnson's best book so far, and she is a welcome writer indeed. In other books she has juxtaposed cultural mores one to one (usually French to American) but here she adds more to the mix, and it's, well, a heady brew. Even my husband, an avowed nonfiction reader and journalist who has little interest in fiction enjoyed this one.

                    3 out of 5 stars unusual but uneven.......2005-12-18

                    "L'Affaire" is the story of group of American, British, and French people who meet at a ski resort where the severe injuries of two of their number sets off a series of intrigues, schemes, shifting alliances and, of course, affairs. The novel is uneven in every way: the plot zigzags and meanders; the writing is engaging at times but often falls flat. The characterization, too, is uncertain. Several characters are pivotal to the plot and their voices are all adopted at one point or another in the story, but the main character is only slightly demarcated from them. The impression of the novel is one of unusualness and not complete enjoyability; it is a contentious and troublesome read, rarely engrossing, and even the ending leaves one uncertain what one is expected to take from it. Still, the setting, plot, and most importantly the unique sensibility set it apart from other novels; as with other Diane Johnson novels, while I am not certain I quite like it, I am certain I have rarely read anything quite like it.
                    L'Affaire Tournesol / Calculus Affair (Tintin)
                    Average customer rating: 5 out of 5 stars
                    • L'aventure mieux ecrit, l'histoire le plus complex...
                    L'Affaire Tournesol / Calculus Affair (Tintin)
                    Herge
                    Manufacturer: Casterman Editions
                    ProductGroup: Book
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                    3. Les Aventures de Tintin:Le Secret de La Licorne (French Edition of The Secret of the Unicorn) Les Aventures de Tintin:Le Secret de La Licorne (French Edition of The Secret of the Unicorn)
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                    ASIN: 2203001178

                    Customer Reviews:

                    5 out of 5 stars L'aventure mieux ecrit, l'histoire le plus complex..........2000-08-17

                    L'affaire Tournesol et probablement l'aventure Tintin le plus complex. Tout d'un coup, Tournesol disparait. Le retrouver n'est pas tres facile. Tintin et le capitain travers tout l'europe pour le retrouver. Puis, l'aspet scientific et interessant. Il-y-a meme une scen avec dont Tintin conduit un tank!

                    C'est vraiment super. Il faut vraiment penser et suivre pour comprendre. Plein de supense, c'est un aventure mega-super. Il faut le lire!
                    Monsieur  Maurice Mysteries: L'Affaire des trois coupables (Monsieur Maurice Mystery)
                    Average customer rating: Not rated
                      Monsieur Maurice Mysteries: L'Affaire des trois coupables (Monsieur Maurice Mystery)
                      McGraw-Hill
                      Manufacturer: Glencoe/McGraw-Hill
                      ProductGroup: Book
                      Binding: Paperback

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                      Windows Ce Developer's Handbook
                      Average customer rating: 3 out of 5 stars
                      • Forget this book!
                      • the CE book to have
                      • I wish I could give it less
                      • The book was extremely helpful with CE specific issues.
                      • Great book for answering those hard to find questions
                      Windows Ce Developer's Handbook
                      Terence A. Goggin , and David L. Heskett
                      Manufacturer: Sybex Inc
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                      Binding: Paperback

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                      ASIN: 0782124143

                      Book Description

                      Windows CE is Microsoft's new compact operating system for handheld computers, PalmPCs, and set-top box computers. Windows CE Developer's Handbook will show developers and programmers how to create self-supporting applications on these new hardware devices in their favorite languages (Visual C++ 6, Visual Basic 6, and Visual J++ 6). The author includes many C++ and Visual Basic examples to show readers how to port Windows 95 apps to the Windows CE OS and create new apps for this tiny OS.

                      Customer Reviews:

                      1 out of 5 stars Forget this book!.......2000-02-08

                      So called Dr.CE doesn't show any important trick used in professional applications. Buy Burdick's CE book instead!

                      5 out of 5 stars the CE book to have.......1999-08-04

                      This book is an amazing reference! It discusses topics and ideas not covered anywhere else. Plus, it emphasizes issues related to porting from the desktop to CE and some related common mistakes in that area. There's even a great index with code samples for every CE-API function.

                      1 out of 5 stars I wish I could give it less.......1999-07-17

                      This book was such a waste of money... What the back of the book says it will tell you about it only briefly mentions them... There are a lot of better books out there, and this one just happens to be not it.

                      5 out of 5 stars The book was extremely helpful with CE specific issues........1999-06-30

                      I found the book to be a great resource for answering some questions that I could not find the answers to anywhere else. I'm porting an existing program from NT/98 to Windows CE and found The Windows CE Developer's Handbook had the most examples and tips for porting out of any of the Windows CE books I've looked at. It saved me a lot of time that I would have spent finding out these issues on my own.

                      4 out of 5 stars Great book for answering those hard to find questions.......1999-06-28

                      The Windows CE Developer's Handbook is a great book for Windows CE Developers. It answers many of those hard to find questions for HPC, Pro's, and PPC devices. Definitely, a great addition to any Windows CE developer's library.
                      L'affaire Yann Piat: Des assassins au ceur du pouvoir
                      Average customer rating: Not rated
                        L'affaire Yann Piat: Des assassins au ceur du pouvoir
                        Andre Rougeot
                        Manufacturer: Flammarion
                        ProductGroup: Book
                        Binding: Unknown Binding

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                        L'Affaire Quebecoise (A Monsieur Maurice Mystery)
                        Average customer rating: Not rated
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                          R. De Roussy De Sales
                          Manufacturer: NTC/Contemporary Publishing Company
                          ProductGroup: Book
                          Binding: Paperback

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                          Monsieur Maurice Mysteries: L'Affaire de la Contesse enragée (Monsieur Maurice Mystery)
                          Average customer rating: Not rated
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                            McGraw-Hill
                            Manufacturer: Glencoe/McGraw-Hill
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                            L'Affaire Courilof
                            Average customer rating: Not rated
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                              Irene Nemirovsky
                              Manufacturer: French & European Pubns
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                              L'Affaire telle que je l'ai vecue
                              Average customer rating: Not rated
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                                Mathieu Dreyfus
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                                Binding: Unknown Binding

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                                ASIN: 2246006686
                                Interfaces, Home Study Guide: les affaires et la technologie à travers la vie de tous les jours (Interfaces)
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                                  Interfaces, Home Study Guide: les affaires et la technologie à travers la vie de tous les jours (Interfaces)
                                  Barbara L. Blackbourn , and Catherine Marin
                                  Manufacturer: Wiley
                                  ProductGroup: Book
                                  Binding: Paperback

                                  FrenchFrench | Instruction | Foreign Languages | Reference | Subjects | Books
                                  Phrasebooks - GeneralPhrasebooks - General | Instruction | Foreign Languages | Reference | Subjects | Books
                                  LinguisticsLinguistics | Words & Language | Reference | Subjects | Books
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                                  ASIN: 0471138940

                                  Book Description

                                  This book focuses on business and technology without excluding grammar and the Francophone world. It combines practical language within a highly contextualized learning environment. It is also a practical, total language environment with language applications beyond literature

                                  Books:

                                  1. Portfolio of Accounting Systems for Small and Medium-Sized Businesses
                                  2. Positive Accounting Theory
                                  3. Principles of Accounting: Working Papers for Exercises and Problems, Vol 1, Chapters 1-18 and Appendixes A-C
                                  4. Profits Without Panic : Investment Psychology for Personal Wealth
                                  5. QuickBooks® 6 Bible
                                  6. Quicken 2001 for Macs for Dummies
                                  7. Schaum's Outline of Theory and Problems Tax Accounting (Schaum's Outline)
                                  8. South-Western Accounting with Peachtree Complete 2005 (with Individual License)
                                  9. Standard & Poor's Guide to Saving for Retirement (Standard & Poor's Guide to)
                                  10. Streetwise Financing the Small Business: Raise Money for Your Business at Any Stage of Growth (Adams Streetwise Series)

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