{"product_id":"financial-informatics-dorje-c-brody-9789811246487","title":"Financial Informatics: An Information-Based Approach to Asset Pricing","description":"The Brody-Hughston-Macrina approach to information-based asset pricing introduces a new way of looking at the mechanisms determining price movements in financial markets. The resulting theory of financial informatics is applicable across a wide range of asset classes and is distinguished by its emphasis on the explicit modelling of market information flows. In the BHM theory, each asset is defined by a collection of cash flows and each such cash flow is associated with a family of one or more so-called information processes that provide partial information about the cash flow. The theory is highly appealing on an intuitive basis: it is directly applicable to trading, investment and risk management -- and yet at the same time leads to interesting mathematics. The present volume brings together a collection of 18 foundational papers of the subject by Brody, Hughston, and Macrina, many written in collaboration with various co-authors. There is a preface summarizing the current status of the theory, together with a brief history and bibliography of the subject. This book will be of great interest both to newcomers to financial mathematics as well as to established researchers in the subject.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Dorje C. Brody\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 9811246483\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9789811246487\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e World Scientific Publishing Company\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 02\/21\/2022\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 444\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.99lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.61h x 6.69w x 1.00d","brand":"Dorje C. Brody","offers":[{"title":"Hardcover","offer_id":43993226772735,"sku":"9789811246487","price":148.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_3a384cb3-850d-4a47-9506-0c58d4e9a837.jpg?v=1683323208","url":"https:\/\/www.whiterainbookhouse.com\/products\/financial-informatics-dorje-c-brody-9789811246487","provider":"WR Book House","version":"1.0","type":"link"}