Financial Modelling with Jump Processes or Wireless Communications and Networking

Financial Modelling with Jump Processes, Vol. 2

Author: Rama Cont

WINNER of a Riskbook.com Best of 2004 Book Award!

During the last decade, financial models based on jump processes have acquired increasing popularity in risk management and option pricing. Much has been published on the subject, but the technical nature of most papers makes them difficult for nonspecialists to understand, and the mathematical tools required for applications can be intimidating. Potential users often get the impression that jump and Lévy processes are beyond their reach.

Financial Modelling with Jump Processes shows that this is not so. It provides a self-contained overview of the theoretical, numerical, and empirical aspects involved in using jump processes in financial modelling, and it does so in terms within the grasp of nonspecialists. The introduction of new mathematical tools is motivated by their use in the modelling process, and precise mathematical statements of results are accompanied by intuitive explanations.

Topics covered in this book include: jump-diffusion models, Lévy processes, stochastic calculus for jump processes, pricing and hedging in incomplete markets, implied volatility smiles, time-inhomogeneous jump processes and stochastic volatility models with jumps. The authors illustrate the mathematical concepts with many numerical and empirical examples and provide the details of numerical implementation of pricing and calibration algorithms.

This book demonstrates that the concepts and tools necessary for understanding and implementing models with jumps can be more intuitive that those involved in the Black Scholes and diffusion models. If you have even a basic familiarity with quantitative methods in finance,Financial Modelling with Jump Processes will give you a valuable new set of tools for modelling market fluctuations.

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Wireless Communications and Networking

Author: Jon W Mark

Wireless Communications and Networking covers a wide range of topics from the physical layer to the networking layers of a hybrid wireless/wireline information transport platform. This book meets the need for a relatively short, yet complete and self-contained text suitable for a single-semester senior undergraduate or first-year graduate course. The coverage of internetworking between wireless and wireline networks is unique to this book. The fundamental aspects of mobile cellular communications and networking (signal design, channel characterization, receiver structure, multiple access technologies, mobile cellular networking, capacity enlargement, mobility management, wireless/wireline interworking) are interweaved into a unified and systematic presentation, with illustrative examples throughout the book.

Salient Features:
• Characterization of the wireless propagation channel
• Bandpass signaling for mobile radio
• Receiver design for fading dispersive channels
• Capacity enlargement of cellular systems
• Multiple access techniques
• Mobility management in mobile cellular networks
• Wireless/internet interworking

Table of Contents:

1. Overview of Wireless Communications and Networking.
2. Characterization of the Wireless Channel.
3. Bandpass Transmission Techniques for Mobile Radio.
4. Receiver Techniques for Fading Dispersive Channels.
5. Fundamentals of Cellular Communications.
6. Multiple Access Techniques.
7. Mobility Management in Wireless Networks.
8. Wireless/Wireline Interworking.
Appendices.
References.
Answers to Selected Problems.