Book Description
This text is designed for first courses in financial calculus aimed at students with a good background in mathematics. Key concepts such as martingales and change of measure are introduced in the discrete time framework, allowing an accessible account of Brownian motion and stochastic calculus. The Black-Scholes pricing formula is first derived in the simplest financial context. Subsequent chapters are devoted to increasing the financial sophistication of the models and instruments. The final chapter introduces more advanced topics including stock price models with jumps, and stochastic volatility. A large number of exercises and examples illustrate how the methods and concepts can be applied to realistic financial questions.
Customer Reviews:
A fascinating look at making randomness differentiable.......2003-07-08
The behavior of large economic systems is by necessity unpredictable, for if it was, then the making of speculative profit would be impossible. The movement of markets is modeled as an example of Brownian motion, which is a consequence of the random motion of molecules. This is a complex process, where the only hope to predict the future is to apply statistical methods. Therefore, this book is largely a lesson in creating statistical models of random processes that allow for calculus methods to be used to analyze them.
The primary model is that of a discrete parameter martingale, which is where different price possibilities are computed based on probabilities that the parameter will have certain values. After years of teaching calculus, this is the first book that I have read where the concentration is on using calculus to model financial systems. Without question, I learned more new material from this book than I have in at least 90% of the math books that I have read. It was fascinating to see how a non-differentiable system is modeled so that it is then possible to use the continuous methods of calculus in working with it.
This book is perfect for advanced courses in the modeling of financial markets. The amount of calculus knowledge needed to understand the material is that of the standard three course sequence that is the start of nearly all undergraduate majors. A course in statistics based on calculus is also essential, and experience in differential equations would also be helpful, although not required.
The only reason that it does not get a fifth star is that there are no solutions to the exercises. I am a firm believer that solutions to at least 1/3 the problems should be included in any mathematics book.
Published in the recreational mathematics e-mail newsletter, reprinted with permission.
No answers to the exercises.......2003-06-15
They claim there are more than 130 exercises, but don't provide solutions. You need to be a teacher to get a password from their web site to get an access to them. It's very dissapointing. What use of them?
Average customer rating:
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Course in Financial Calculus
Manufacturer: CAMBRIDGE UNIVERSITY
ProductGroup: Book
Binding: Paperback
ASIN: B000GYVQQ2 |
Book Description
"This is a treasure-trove of some of the best thinking today on leadership, management, and strategy."
--Journal of Management Consulting
"The Organization of the Future is required reading.... If you don't use this book to help guide your organization through the changes, you may well be left behind."
--Nonprofit World
What do employees expect from the organizations they support? How can organizations maintain stability in times of massive change? These are the questions modern organizations face as they struggle to grow and evolve. The Organization of the Future offers timeless responses from such leading authorities as Peter F. Drucker, C.K. Prahalad, Nathaniel Branden, Lewis E. Platt, Rosabeth Moss Kanter, Jay R. Galbraith, and Deepak Sethi. Their incisive essays reveal:
* How to build "know-how" and "know-who" to develop successful teams
* How to prepare for "breakdowns" and create the nimble, change-adept company
* How to attract, motivate, and retain the best employees
* How seven basic policies can lead to high performance and high self-esteem
* How to support work-life balance and provide flexibility for knowledge workers
Each essay provides observations that will help leaders in business, nonprofits, and government keep their organizations healthy, competitive, and poised for the future.
Customer Reviews:
Outstanding views for today and tomorrow........2001-06-12
'The Organization of the Future' is an outstanding integration of much of the current thinking of leadership, organization, strategy, change, and innovation. Frances Hesselbein, Marshall Goldsmith, and Richard Beckhard (editors) have gathered together in this collection remarkable 49 thought thinkers.
Charles Handy suggests in his chapter that "Margaret Wheatley, in 'Leadership and the New Science,' has written of the danger of believing in Newtonian organization in a quantum age. Newton wasn't wrong. He just wasn't right enough to cope with the dilemmas of science now. Similarly, the old way of looking at organizations wasn't wrong; it just does not capture the real essence of what it means to organize today." On the other hand, Peter F.Drucker notes in his introduction, "...now a totaly different approach is emerging, not replacing the older approaches but being superimposed on them: it says that the purpose of organizations is to get results 'outside,' that is, to achieve performance in the market. The organization is, however, more than a machine...It is more than economic, defined by results in the marketplace. The organization is, above all, 'social.' It is people. Its purpose must therefore be to make the strengths of people effective and their weaknesses irrelevant."
In this context, the editors divide this book into six parts. They write in their preface, "throughout the chapters in this book, the need for organizations is unquestioned. The authors provide a variety of forms and operating plans for organizations today and tomorrow; at the same time, each recognizes the indispensable role of organizations to human accomplishment and achievement."
Highly recommended.
Insightful!.......2001-05-15
Editors Frances Hesselbein, Marshall Goldsmith and Richard Beckhard present a series of short essays by 39 authors describing the structure of tomorrow's organizations. The essays, which are introduced by Peter Drucker, are organized into six main themes: shaping future organizations, new models for working and organizing, organizing for strategic advantage, working and organizing in a wired world, leading people in future organizations and understanding and improving organizational health. Given this approach and more than three dozen authors, some repetition is inevitable, so we [...] wonder if readers will prefer to dip in and choose articles that appeal to them the most. Generally, the book explicates broad trends in structural thinking, almost like a survey of organizational forecasting by top philosophers, authors and leaders in the field. This is sure to intrigue the executives charged with steering large organizations to and through this complex future.
Insightful!.......2001-05-15
Editors Frances Hesselbein, Marshall Goldsmith and Richard Beckhard present a series of short essays by 39 authors describing the structure of tomorrow's organizations. The essays, which are introduced by Peter Drucker, are organized into six main themes: shaping future organizations, new models for working and organizing, organizing for strategic advantage, working and organizing in a wired world, leading people in future organizations and understanding and improving organizational health. Given this approach and more than three dozen authors, some repetition is inevitable, so we [...] wonder if readers will prefer to dip in and choose articles that appeal to them the most. Generally, the book explicates broad trends in structural thinking, almost like a survey of organizational forecasting by top philosophers, authors and leaders in the field. This is sure to intrigue the executives charged with steering large organizations to and through this complex future.
!.......2000-05-11
I am using this book for courses in a degree in leadership. This book is a definite plus! It is a compolation of 28 essays from different scholars and executives and is must read for MBA students and business leaders alike.
Very illuminating, changed my whole perception of myself.......1999-09-27
I am using this book for an MBA course. It is filled with advice and principles that look to the future. The principles are equally applicable to both organization as well as to an individual, if you view yourself as an organiztion of 1.
Book Description
"This book of essays is full of rampant idealism. Its authors--educators, think-tankers, corporate executives, consultants, book authors, nonprofit association executives, and a German politician--share a desire to better the world through their ideas and actions. Many qualify as do-gooders in the best sense of the phrase."
--Christian Science Monitor
This third volume from the acclaimed Drucker Foundation Future Series focuses on the basis of society itself--the community. Featuring the examples of successful communities from New York City to Hawaii, The Community of the Future presents insights from Peter F. Drucker, Stephen R. Covey, Arun Gandhi, Elie Wiesel, James L. Barksdale, and many others. Their powerful essays explore what our communities will look like tomorrow--how we will live, work, communicate, educate our children, and govern ourselves.
This collection shows readers:
* How to recognize and anticipate the trends that transform society
* The impact of new communications technology, including global and virtual communications
* How to create organizational communities and communities in the workplace
* How to envision and shape communities that will build values and embrace humanity
From businesses, to communities of faith, to schools, to cyberspace--the gamut of human communities is explored by the world's foremost thinkers.
Customer Reviews:
The Promise and Paradox of the Community of the Future.......2006-05-24
The American writer Willaim Saroyan once said, "In the time of your life, live---so that in that wondrous time you shall not add to the misery and sorrow of the world, but shall smile to the infinite delight and mystery of it."
In this time of global terrorism, rising oil prices, climatic disruption and political decay, hope is an increasingly scarce resource. Leadership too is becoming a perception to be managed and not a trait to be displayed. West African writer and teacher Malidoma Some declares that we have "an instinct of community," and so as societies grow and evolve, they build up resevoirs of social capital, taking generations to fill.
This instinct for community -- toward cooperation and competition, or so called 'co-opetition' by Brandenberger & Nalebuff -- is so strong in humans that we come into this world stocked with such emotions as anger, pride, shame, and guilt -- all of which, according to Fukuyama, "come into play in response to people who either are honest and cooperate, or who cheat and break the rules.
Yet the promise of this communal synthesis is being degraded as we "are using the instinct of community to separate and protect us from one another, rather than creating a global culture of diverse yet interwoven communities." Based on the interdependent models available to us in eco-systems theory, there is the possibility to "to connect to others through their diversity, [to re-establish] communities that succeed in creating sustainable [long-term] relationships."
It is the collaboration and cooperation of individuals in elaborate interdependent networks of relationships that allows new capabilities and talents to emerge. Individual fitness leads to greater societal and communal fitness and the connections and relationships strengthen and reinforce the fabric of society.
Yet as individuals weave this social fabric, a paradox is created -- the individual must surrender autonomy to achieve community. This paradoxical tension can lead to even greater awareness and understanding of the role of the individual in society, or it may contain the seed of our eventual self-destruction.
As Wheatley proclaims, "This paradox can be a great teacher to us humans. When we don't answer these questions as a community, when we have no agreements about why we belong together, the institutions we create to serve us become battle grounds that serve no one. Our institutions dissipate into incoherence and impotence. In the absence of these agreements, our instinct of community leads us to a community of 'me' not a community of 'we'." Such is the paradox and the promise of community.
good.......2005-10-05
basically satisfied with everything. the book came in good condition and was pretty much on time.
Community will determine the future quality of our lives........1999-02-12
Before WW I, fewer that 5% of the population lived in a city. Today in developed countries, less that 5% live in a rural area. All of this has occured in less than 100 years.
The key to survival and health of this new urban society is the development of communities in the city, by non-profit social sector insititutions, according to Peter Drucker.
Human beings need community. If no communities are available for constructive ends, there will be destructive communities, i.e. gangs to fill the void.
This thoughtfully written, well organized book is about the future -- the future quality of our lives. In "The Community of the Future", the editors have gathered the wisdom and insights from 31 distinguished authors, from around the world, to discuss their unique perspective on the nature of community.
The book is divided into six sections: * Trends Shaping the Evolution of the Community * The Values of Community * The Impact of New Communication Technology * Creating Community in Organization * Strengthening the Social Fabric * Global Dimensions of Community.
If you are interested in creating the future, strengthening our communities and improving our understanding of our world, I highly recommend "The Community of the Future".
Building the global community of the future is not the work of tomorrow. We are each called to build it today -- to build it now.
Book Description
Now Available in a Boxed Set!
Buy all three titles and get the case worth $15 for FREE!
All three hardcover volumes of the distinguished Drucker Foundation Future Series are available in an attractive gift set. The Leader of the Future, The Organization of the Future, and The Community of the Future are filled with wisdom and insights from world-class leaders, best-selling writers, revered scholars, top-notch consultants, and legendary thinkers.
Customer Reviews:
GREAT OPTIONS FOR CREATING ORGANIZATIONS THAT ACHIEVE MORE.......2004-09-12
THE ORGANIZATION OF THE FUTURE is the best compilation of essays that I have seen on different ways to organize businesses and nonprofits to achieve different kinds of results. The book is full of intriguing questions and choices, and lots of good ideas about how to make the desired changes you select. Anyone who manages people should read this book, and refer to it when effectiveness questions arise. The only thing that seemed to be missing from this book was a "clean slate" approach to organizations, by imagining what has never existed before. That would be an intriguing addition for future editions. The Drucker Foundation has done a real service to us all by creating its series (THE LEADER ..., THE ORGANIZATION ..., and THE COMMUNITY OF THE FUTURE). I hope that a future version will appear on THE MANAGEMENT PROCESSES OF THE FUTURE. That would be an invaluble complement to this outstanding series.
Perfect starter set for leaders -- Great gift for students.......2000-08-15
The three books of the Drucker Foundation Future series represent a wonderful collection of thinking by noted thought leaders. Each chapter in the LEADER of the FUTURE, the ORGANIZATION of the FUTURE, and the COMMUNITY of the FUTURE, is short, concise, and insightful. Authors include Peter Drucker, Stephen Covey, Peter Senge, Frances Hesselbein, Meg Wheatley, and others.
This package makes a wonderful gift for a student, a graduate, someone taking a new job, or someone hungry for renewal. The paperback editions of the books are attractive and easy to carry, and the boxed set is handsome.
Average customer rating:
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Agriculture and Phosphorus Management: The Chesapeake Bay
Manufacturer: CRC
ProductGroup: Book
Binding: Hardcover
 Social Services & Welfare
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ASIN: 1566704944 |
Book Description
Using the Chesapeake Bay as a case study, Agriculture and Phosphorus Management discusses the impact and management of phosphorus in watersheds. Although urban and other sources contribute phosphorus to the Bay, the papers presented focus on how its role in agriculture impacts water quality. They review the new guidelines and legislation slated for implementation by 2002 directed towards sustainable nutrient management and strategies for implementing them. Phosphorus, an essential element for plant and animal growth, has long been recognized as necessary to eliminate deficiencies and to maintain profitable crop and livestock production. It can increase the biological productivity of surface waters by accelerating eutrophication. Human activities accelerate the rate of eutrophication - principally by increasing the rate at which phosphorus enters the aquatic system. Written by experts from a range of disciplines Agriculture and Phosphorus Management provides a deeper understanding of the diverse, dynamic, and complex factors controlling the impact of agricultural phosphorus management on production and water quality. Each contributor addresses the questions: what do we know, what do we still need to know, where are the major gaps in our knowledge, and how does the information relate to phosphorus management strategies in the Bay Watershed, and other watersheds? As a result this series of papers provides a unique collection of information of regional, national, and international significance and gives prioritized phosphorus management options for not only the Chesapeake Bay Watershed, but for watersheds around the world.
Customer Reviews:
State of the Practice.......2001-02-04
The volume contains a timely and well balanced overview of the state of the practice in understanding and managing agricultural phosphorous. Particularly relevant are contributions addressing the saturation of soil sorbed phosphorous, and its implications for "threshold" behavior in P fate and transport for land application of animal waste. A current and useful over view and reference for current applied research.
Book Description
By means of astrology, Feng Shui, and traditional symbolism, noted author Jonathan Dee (Practical Astrology the Easy Way; Tarot Mysteries; Isis: Queen of Egyptian Magic) analyzes the various uses and meanings of color, in western culture and beyond. Aided by bright and attractive photographs and evocative illustrations, he explains what red, blue, green, orange, pink, purple, gray, white, and black can represent and how they affect different personalities. His wide knowledge of what colors convey on both conscious and subconscious levels will help the reader make positive choices about décor, dress, and environment.
Customer Reviews:
Not recommended........2007-01-03
I don't recommend this book. I am really interested in color, but knew nothing about it when I bought this. There's really very little information in it, it's more like a coffee table book than anything else. Something you flip though and pick out a tidbit here and there.
If you are interested in learning about color, a much better book is "Color Magic for Beginners" by Richard Webster. That one is great. This one I just feel like I wasted my money on.
Average customer rating:
- Amazing!
- you only see Auras are real!
- Show me the aura please!
- Aura's really exist! Follow Dr. Slate's instructions.
- teach subject to students
|
Aura Energy For Health, Healing & Balance
Joe H. Slate
Manufacturer: Llewellyn Publications
ProductGroup: Book
Binding: Paperback
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Aura Reading For Beginners: Develop Your Awareness for Health & Success (For Beginners)
Accessories:
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RESPeRATE Blood Pressure Lowering Device
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Airborne Effervescent Health Formula, Original Orange, 10 Tablets (Pack of 3)
ASIN: 1567186378 |
Customer Reviews:
Amazing!.......2003-05-11
You'll be amazed at the information gleaned from this well researched book! Dr. Slate, one of todays leading authorities on the paranormal, gives step by step techniques for learning to see your own aura as well as anyone else's! Thru practice, you'll be amazed at the information you can learn about anyone just be reading their aura! A VERY safe way to learn who you can trust & who you may be 'compatible' with! Get this book not just for yourself but for your loved ones as well! I highly recommended ALL of Dr. Slates books!
you only see Auras are real!.......2002-03-24
This, like all of Slates books this one (my favorite!!) have helped me so verry much, but if you have to read the whole book to get the full effect. This book is HIGHLY recommended!!!
Show me the aura please!.......2000-04-11
I'd hoped that this book would show me how to see it, but it is too scholarly to be of any practical purpose.
Aura's really exist! Follow Dr. Slate's instructions........1999-04-22
Having read all of Dr. Joe Slate's previous books, I was once again pleased with this book. His knowledge of parapsychology is remarkable. Follow his instructions and you too will see auras,and then you are hooked. Strongly recommend for all interested in the paranormal.
teach subject to students.......1999-02-26
As a Doctor of Metaphysics, and who teaches metaphysicalcourses to students, Aura Energy for Health, Healing and Balance isone of the re- quired books to be read by the pupils. They also are required to study and practice the techniques given from the author. Dr. Slate has taken Aura Energy for Health, Healing and Balance where no writer has taken the reader before. I recommend this book highly. Dr. Clark R.
Average customer rating:
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Color, Music & Vibration
Bernard Jensen
Manufacturer: Bernard Jensen Publisher
ProductGroup: Book
Binding: Paperback
General
| Psychology & Counseling
| Health, Mind & Body
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ASIN: 0932615198 |
Customer Reviews:
Color, Music & Vibration.......2007-01-08
Everything in life and nature comes from vibration - light, color, sound, music, heat, even the waves of the ocean and the shapes of the mountains. In this book, Dr, Jensen discusses the many ways in which the finer forces around us - especially color, music and sound - influence our lives and health.
Learn about experiments in which a hothouse made of red plastic panels stimulated the growth of plants, while blue panels stunted plant growth.
Discover how the color of foods stimulate different responses in the body - red foods are stimulants, for example, and the yellow foods are all natural laxatives.
Your imagination will be challenged and intrigued by the many possible applications of color, music and sound to health as discussed in this book. Dr. Jensen is working on a complete book of his color studies, which should be ready for publication in 1989.
--- from book's back cover
Customer Reviews:
a bit outdated and inane but a practical read.......2007-05-07
i sort of laughed when the book references negroes and women (as if they are only housewives) but the author makes a point to go out of his way to basically conclude that there is no conclusion. he makes many interesting points on the individuals' biological response, conditioned response, and general inborn responses to light and color based on years of study relating to birds, bees, psychotics, and people in general. i will keep it as a tool to look back on and relate to my architecture planning but would not really recommend someone expect too much out of this book.
very interesting.......2006-02-04
this book is very interesting, i am currently reading a copy im borrowing from the library. the index and layout of the book divide it into so many different chapters that you can skim to one and read about one aspect of color. faber gives us history of the meaning and symbolism of colors, the mysticism, the scientific facts about electromagnetic waves and the few waves we do see that is visible light. very cool book for anyone.
Average customer rating:
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Creative Visualization With Colour: Healing Your Life With the Power of Colour
Brenda Mallon
Manufacturer: Element Books Ltd
ProductGroup: Book
Binding: Paperback
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ASIN: 1862044481 |
Books:
- A History of the Federal Reserve, Volume 1: 1913-1951
- America's Corner Store: Walgreen's Prescription for Success
- An Annotated Timeline of Operations Research: An Informal History (International Series in Operations Research and Management Science)
- Annual Editions: Macroeconomics 05/06 (Macroeconomics)
- Arts Under Pressure: Protecting Cultural Diversity in the Age of Globalisation
- Basic Econometrics w/Data Disk
- Behavioral Law and Economics (Cambridge Series on Judgment and Decision Making)
- Birth Quake: The Baby Boom and Its Aftershocks (Population and Development Series)
- Can Asians Think? Third Edition
- Central Banking in Theory and Practice (Lionel Robbins Lectures)
Books Index
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