In Infinity and the Mind, Rudy Rucker leads on excursion to that stretch of the universe he calls the ``Mindscape``, where he explores infinity in all its forms: potential and actual, mathematical and physical, theological and mundane. Rucker acquaints us with Gödel`s rotating universe, in which it is theoretically possible to travel into the past, and explains an interpretation of quan....     View More Details

Advanced International Trade is the first major graduate textbook in international trade in a generation. Trade is a corner-stone concept in economics, taught in all departments both in the United States and abroad. The past twenty years have seen a number of new theoretical approaches that are essential to any graduate international trade course, and will be of interest in development ....     View More Details

Credit risk is today one of the most intensely studied topics in quantitative finance. This book provides an introduction and overview for readers who seek an up-to-date reference to the central problems of the field and to the tools currently used to analyze them. The book is aimed at researchers and students in finance, at quantitative analysts in banks and other financial institutions, and ....     View More Details

In this book, two of America`s leading economists provide the first integrated treatment of the conceptual, practical, and empirical foundations for credit risk pricing and risk measurement. Masterfully applying theory to practice, Darrell Duffie and Kenneth Singleton model credit risk for the purpose of measuring portfolio risk and pricing defaultable bonds, credit derivatives, and other secu....     View More Details

Financial econometrics is a great success story in economics. Econometrics uses data and statistical inference methods, together with structural and descriptive modeling, to address rigorous economic problems. Its development within the world of finance is quite recent and has been paralleled by a fast expansion of financial markets and an increasing variety and complexity of financial product....     View More Details

The past twenty years have seen an extraordinary growth in the use of quantitative methods in financial markets. Finance professionals now routinely use sophisticated statistical techniques in portfolio management, proprietary trading, risk management, financial consulting, and securities regulation. This graduate-level textbook is intended for PhD students, advanced MBA students, and industry....     View More Details

Hayashi's Econometrics promises to be the next great synthesis of modern econometrics. It introduces first-year Ph.D. students to standard graduate econometrics material from a modern perspective. It covers all the standard material necessary for understanding the principal techniques of econometrics from ordinary least squares through cointegration. The book is also distinctive in developing ....     View More Details

The field of financial mathematics has developed tremendously over the past thirty years, and the underlying models that have taken shape in interest rate markets and bond markets, being much richer in structure than equity-derivative models, are particularly fascinating and complex. This book introduces the tools required for the arbitrage-free modelling of the dynamics of these markets. Andrew C....     View More Details

Cochrane approaches empirical work with the Generalized Method of Moments, which studies sample average prices and discounted payoffs to determine whether price does equal expected discounted payoff. He translates between the discount factor, GMM, and state-space language and the beta, mean-variance, and regression language common in empirical work and earlier theory.

The book also incl....     View More Details

Governments use them to sell everything from oilfields to pollution permits, and to privatize companies; consumers rely on them to buy baseball tickets and hotel rooms, and economic theorists employ them to explain booms and busts. Auctions make up many of the world's most important markets; and this book describes how auction theory has also become an invaluable tool for understanding economi....     View More Details

While there are many books on standard game theory that address the way ideally rational actors operate, Behavioral Game Theory stands alone in blending experimental evidence and psychology in a mathematical theory of normal strategic behavior. It is must reading for anyone who seeks a more complete understanding of strategic thinking, from professional economists to scholars and studen....     View More Details

The concept of entropy arose in the physical sciences during the nineteenth century, particularly in thermodynamics and statistical physics, as a measure of the equilibria and evolution of thermodynamic systems. Two main views developed: the macroscopic view formulated originally by Carnot, Clausius, Gibbs, Planck, and Caratheodory and the microscopic approach associated with Boltzmann and Max....     View More Details

"Comprehensive and engagingly written, this book should become an important resource for many audiences: applied mathematicians, search industry professionals, and anyone who wants to learn more about how search engines work."

—Jon Kleinberg, Cornell University

"I don't think there are any competitive books in print with the same depth and breadth on the topic of sear....     View More Details

A CRUCIAL CHALLENGE for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expectations. Here George Evans and Seppo Honkapohja bring new explanatory power to a variety of expe....     View More Details

This self-contained textbook is an informal introduction to optimization through the use of numerous illustrations and applications. The focus is on analytically solving optimization problems with a finite number of continuous variables. In addition, the authors provide introductions to classical and modern numerical methods of optimization and to dynamic optimization.

The book's overar....     View More Details

In this book, a distinguished expert introduces plasma physics from the ground up, presenting it as a comprehensible field that can be grasped largely on the basis of physical intuition and qualitative reasoning, similar to other fields of physics. Plasmas are ionized gases that can be found in a hydrogen bomb explosion, the confinement chamber of an experimental fusion reactor, the solar coro....     View More Details

This book introduces a new class of non-associative algebras related to certain exceptional algebraic groups and their associated buildings. Richard Weiss develops a theory of these "quadrangular algebras" that opens the first purely algebraic approach to the exceptional Moufang quadrangles. These quadrangles include both those that arise as the spherical buildings associated to groups of type....     View More Details

"This book is a compendium of the statistical arrows that should be in any quantitative risk manager's quiver. It includes extensive discussion of dynamic volatility models, extreme value theory, copulas, and credit risk. Academics, Ph.D. students, and quantitative practitioners will find many new and useful results in this important volume."-Robert F. Engle III, 2003 Nobel Laureate in ....     View More Details

Real Analysis is the third volume in the Princeton Lectures in Analysis, a series of four textbooks that aim to present, in an integrated manner, the core areas of analysis. Here the focus is on the development of measure and integration theory, differentiation and integration, Hilbert spaces, and Hausdorff measure and fractals. This book reflects the objective of the series as a whole:....     View More Details

What does Google's management of billions of Web pages have in common with analysis of a genome with billions of nucleotides? Both apply methods that coordinate many processors to accomplish a single task. From mining genomes to the World Wide Web, from modeling financial markets to global weather patterns, parallel computing enables computations that would otherwise be impractical if not impo....     View More Details