Black Box: The Alchemy of Finance

by Paul Cottrell

Overview

This book is intended for individuals with a deep interest in economics and finance coming from a graduate level background. The research presented in this book can be applied in either an academic setting or an applied environment. The main goal is to convey that financial models are predicated on statistical and model assumptions, and that those assumptions can provide pricing failures. Understanding some of the underlying model components should allow better forecasting and pricing models to be constructed. The title “Black Box - The Alchemy of Finance” is fitting these days. It is the alchemy of statistics and model building that the foundation of modern finance is resting upon.

Product Details

BN ID:	2940149491407
Publisher:	Paul Cottrell
Publication date:	04/27/2014
Sold by:	Barnes & Noble
Format:	eBook
File size:	801 KB

About the Author

Paul Cottrell is a researcher in chaos theory and has interests in modeling financial markets. Some have considered him a polymath of sorts. Born in Detroit, Michigan he has extensive professional experience in automotive engineering and design. After leaving automotive engineering he pursued interests in corporate finance involving the publication and non-profit industries. He currently is a proprietary trader specializing in currency and energy markets. He also dedicates some of his time at a large non-profit in New York City. In addition to modeling financial markets, his other research interests are in developmental economics, behavioral finance, complexity science, energy markets, and risk management. Born and raised Jewish, he is a proponent for anti-theism in the vein of Christopher Hitchens. He is currently working on his Ph.D. in Finance from Walden University. He has earned a M.B.A. and B.Sc. from Wayne State University. He Currently lives in New York, NY.

Editorial Reviews

This book provides insight on how the financial industry works and the assumptions that are supporting our economic system.

Poor Richard's Almanac - Ben Franklin