What are derivatives such as options and futures?
Options, Futures and Other Derivatives (6th Edition) is a famous book widely circulated in western financial circles, and is known as "the Bible of Wall Street". Derivative theory occupies a core position in modern finance. Derivative theory (especially option pricing theory) not only establishes the basic theoretical framework of financial economics, but also promotes the development of futures, options, swaps and other markets under the guidance of this theory, making finance develop to such a huge scale in today's global scope. Options, Futures and Other Derivatives (6th Edition) comprehensively and systematically explained the basic theories and methods of derivatives pricing and financial risk management. In this edition, the author not only added some new contents, but also rewritten some themes and chapters to make the full text easier to read and explain. By reading Options, Futures and Other Derivatives (Sixth Edition), readers can systematically master the core theories and basic methods of modern finance, which is very valuable especially for those who are interested in studying financial engineering and engaging in capital market business.