By Jim Gatheral
Compliment for The Volatility Surface
"I'm extremely joyful through the looks of Jim Gatheral's new booklet The Volatility floor. The literature on stochastic volatility is mammoth, yet tricky to penetrate and use. Gatheral's publication, in contrast, is obtainable and sensible. It effectively charts a center flooring among particular examples and common models--achieving impressive readability with out giving up sophistication, intensity, or breadth."
--Robert V. Kohn, Professor of arithmetic and Chair, Mathematical Finance Committee, Courant Institute of Mathematical Sciences, manhattan University
"Concise but finished, both responsive to either concept and phenomena, this e-book offers an unsurpassed account of the peculiarities of the implied volatility floor, its outcomes for pricing and hedging, and the theories that fight to give an explanation for it."
--Emanuel Derman, writer of My existence as a Quant
"Jim Gatheral is the wiliest practitioner within the company. This very nice e-book is an outgrowth of the lecture notes ready for the most well known sessions at NYU's esteemed Courant Institute. the themes coated are on the leading edge of study in mathematical finance and the author's therapy of them is just the simplest on hand during this form."
--Peter Carr, PhD, head of Quantitative monetary learn, Bloomberg LP Director of the Masters software in Mathematical Finance, ny University
"Jim Gatheral is an said grasp of complicated modeling for derivatives. within the Volatility floor he unearths the secrets and techniques of facing an important yet such a lot elusive of monetary amounts, volatility."
--Paul Wilmott, writer and mathematician
"As a instructor within the box of mathematical finance, I welcome Jim Gatheral's e-book as an important improvement. Written by way of a Wall highway practitioner with broad marketplace and instructing event, The Volatility floor provides scholars entry to a degree of information on derivatives which used to be now not formerly on hand. I strongly suggest it."
--Marco Avellaneda, Director, department of Mathematical Finance Courant Institute, big apple University
"Jim Gatheral couldn't have written a greater book."
--Bruno Dupire, winner of the 2006 Wilmott innovative learn Award Quantitative study, Bloomberg LP
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