It takes the average reader 9 hours and 59 minutes to read Numerical Probability by Gilles Pagès
Assuming a reading speed of 250 words per minute. Learn more
This textbook provides a self-contained introduction to numerical methods in probability with a focus on applications to finance. Topics covered include the Monte Carlo simulation (including simulation of random variables, variance reduction, quasi-Monte Carlo simulation, and more recent developments such as the multilevel paradigm), stochastic optimization and approximation, discretization schemes of stochastic differential equations, as well as optimal quantization methods. The author further presents detailed applications to numerical aspects of pricing and hedging of financial derivatives, risk measures (such as value-at-risk and conditional value-at-risk), implicitation of parameters, and calibration. Aimed at graduate students and advanced undergraduate students, this book contains useful examples and over 150 exercises, making it suitable for self-study.
Numerical Probability by Gilles Pagès is 579 pages long, and a total of 149,961 words.
This makes it 195% the length of the average book. It also has 183% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 13 hours and 39 minutes to read Numerical Probability aloud.
Numerical Probability is suitable for students ages 12 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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