Manet, Monet, and the Gare Saint-Lazare
Risk control and derivative pricing have become of major concern to financial institutions. The need for adequate statistical tools to measure and anticipate the amplitude of the potential moves of financial markets is clearly expressed, in particular for derivative markets. Classical theories, however, are based on simplified assumptions and lead to a systematic (and sometimes dramatic) underestimation of real risks. Theory of Financial Risk and Derivative Pricing summarises recent theoretical developments, some of which were inspired by statistical physics. Starting from the detailed analysis of market data, one can take into account more faithfully the real behaviour of financial markets (in particular the 'rare events') for asset allocation, derivative pricing and hedging, and risk control.
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Antonin Proust April Argenteuil artist Batignolles Beaux-Arts Berthe Morisot Bibliotheque nationale boulevard bridge building cadastre Caillebotte caricatures Claude Monet color ill depicted Durand-Ruel early history Edgar Degas Edouard Manet Estampes etching Europe district Exhibited Paris Faure figures Gallery of Art Gare Saint-Lazare Goeneutte graphite ground floor Gustave Caillebotte lithograph lower left lower right Manet's painting Manet's studio Musee d'Orsay Museum of Art National Gallery nationale de France Norbert Goeneutte Oil on canvas Pans parcels depot Paris cat Paris only fig Paris Street photograph picture Pierpont Morgan Library place de l'Europe pont de l'Europe portrait private collection Proust Rainy Day Rouart and Wildenstein rue dc rue de Moscou rue de Rome rue de Saint-Petersbourg rue Guyot rue Mosnier Salon Salon jury scene select bibliography Signed and dated Signed at lower sold station Stephane Mallarme third Impressionist exhibition tracks Victorine Victorine's Washington wood engraving York Zola