期权、期货及其他衍生产品
Options, futures, and other derivatives
Hull, John · 初版 1989 年
10人推荐
10位读者提及
12次提及
为什么值得读
- 行业公认的衍生品与量化交易基石教程
- 覆盖各类基础模型且不过度沉溺于高深理论数学
- 零金融背景入行量化交易的必备通识读物
随书附赠的 CD-ROM 包含……“Prentice Hall DerivaGem 软件。”——光盘标签
Hacker News 上怎么说
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Options, futures, and other derivatives
Hull, John · 初版 1989 年
随书附赠的 CD-ROM 包含……“Prentice Hall DerivaGem 软件。”——光盘标签
正在加载完整评论……
……没有什么能望其项背。大部分描述放在今天依然适用（即使某些机制已经变了）。如果你想了解更贴近金融工程师（FE）需要知道的东西：- John Hull 的《Options, Futures, and other Derivatives》（梳理了基础模型，但没太深究理论数学层面）- Steve Shreve 的《Stochastic Calculus for Finance II》（讲了基础内容，但有足够的统计……
…nothing comes close. Most of the descriptions are still valid today (even if some of the mechanics have changed) If you want something more along the lines of what a financial engineer would know: - "Options, Futures, and other Derivatives" by John Hull (goes over basic models without delving too deeply into theoretical math aspects) - "Stochastic Calculus for Finance II" by Steve Shreve (goes over the basic stuff but has enough stats…
……用于追求性能的语言（通常是 C++、Java），同时还要熟悉 Python 的数据分析库。如果你完全没有金融背景、纯粹是零基础跨界，建议去读一读《Options, Futures and Other Derivatives》。既然你问了这个问题，我猜你大概就是这种情况。这算是一个万金油建议。如果你要去 Virtu 或 Jump 这种公司工作，你会想尽可能多地了解……
…language used for performance (C++, Java typically) while also being familiar with the data analysis libraries of Python. If you have no experience with finance and you're coming in to that cold, give Options, Futures and Other Derivatives a read. I'm assuming you're in this boat because you're asking the question. This is sort of catch-all advice. If you're working at Virtu or Jump, you're going to want to know as much as you can about…
……想了解股票的话，先读读《Pricing the Future》——它为 Black-Scholes 模型的诞生提供了难得的历史背景。我觉得读麦肯锡的《Valuation》对理解现金流估值很有帮助。Hull 的《Options, Futures, and Other Derivatives》是该领域的基石之作，紧随其后的是 Paul Wilmott 的《Paul Wilmott on Quantitative Finance》。只要你搞懂了波动率（volatility），你就看懂了高流动性股票市场。这样你就理解了基础金融理论……
…For equities first try Pricing the Future - it gives a rare historical context to the Black-Scholes equation. I suppose reading McKinsey's Valuation is good for understanding cash flow valuation. Hull's Options, Futures, and Other Derivatives is the cornerstone piece of the field, followed closely by Paul Wilmott on Quantitative Finance. If you get volatility you understand the liquid equity markets. Now you understand basic theoretical finance…
John Hull 写的《Options, Futures, and Other Derivatives》、Richard Brealey、Stewart Myers、Franklin Allen 写的《Principles of Corporate Finance》、Satyajit Das 写的《Traders, Guns and Money: Knowns and unknowns in the dazzling world of derivatives》
Options, Futures, and Other Derivatives by John Hull Principles of Corporate Finance by Richard Brealey, Stewart Myers, Franklin Allen Traders, Guns and Money: Knowns and unknowns in the dazzling world of derivatives by Satyajit Das
用这种方式学金融来做量化交易是完全错误的。那会是浪费时间。读《Options, Futures and Other Derivatives》和《Algorithmic Trading and DMA》，你基本上就掌握了公开来源里所有对交易可能有意义的东西。如果他会编程，并且在找“金融数学”……
This is utterly the wrong way to learn finance for quantitative trading. That would be an unproductive use of time. Read Options, Futures and Other Derivatives and Algorithmic Trading and DMA and you basically know everything you'll get from public sources that could be meaningful for trading. If he knows how to code and is looking for "mathematics of finance"…
两本推荐：约翰·赫尔的《期权、期货及其他衍生品》和塔勒布的《动态对冲》。
Two recommendations: "Options, Futures, and Other Derivatives" by John Hull and "Dynamic Hedging" by Taleb.