{"product_id":"master-of-chaos-book-shannon-mckenna-9781648395574","title":"Master of Chaos","description":"\u003cp\u003eContaining many results that are new, or which exist only in recent research articles, this thoroughly revised third edition of\u0026gt;\u003cb\u003e\u003ci\u003eInterest Rate Modeling: Theory and Practice, Third Edition\u0026gt;\u003c\/i\u003e\u003c\/b\u003eportrays the theory of interest rate modeling as a three-dimensional object of finance, mathematics, and computation. It introduces all models with financial-economical justifications, develops options along the martingale approach, and handles option evaluations with precise numerical methods.\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFeatures\u003c\/b\u003e\u003c\/p\u003e\u003cul\u003e \u003cli\u003ePresents a complete cycle of model construction and applications, showing readers how to build and use models\u003c\/li\u003e \u003cli\u003eProvides a systematic treatment of intriguing industrial issues, such as volatility smiles and correlation adjustments\u003c\/li\u003e \u003cli\u003eContains exercise sets and a number of examples, with many based on real market data\u003c\/li\u003e \u003cli\u003eIncludes comments on cutting-edge research, such as volatility-smile, positive interest-rate models, and convexity adjustment\u003c\/li\u003e \u003c\/ul\u003e\u003cp\u003e \u003cb\u003eNew to the Third edition\u003c\/b\u003e\u003c\/p\u003e\u003cul\u003e \u003cli\u003e \u003cb\u003e \u003c\/b\u003eIntroduction of Fed fund market and Fed fund futures\u003c\/li\u003e \u003cli\u003eReplacement of the forward-looking USD LIBOR by the backward-looking SOFR term rates in the market model, and the deletion of dual-curve market model developed especially for the post-crisis derivatives markets\u003c\/li\u003e \u003cli\u003eNew chapters on LIBOR Transition and SOFR Derivatives Markets\u003c\/li\u003e \u003c\/ul\u003e","brand":"WoB","offers":[{"title":"US \/ NEW \/ INGRAM","offer_id":51043709092113,"sku":"NIN9781648395574","price":14.99,"currency_code":"USD","in_stock":true},{"title":"GB \/ NEW \/ GARDNERS","offer_id":51630936981777,"sku":"NGR9781648395574","price":22.59,"currency_code":"USD","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":52485906825489,"sku":"NLS9781648395574","price":23.39,"currency_code":"USD","in_stock":true},{"title":"US \/ VERY_GOOD \/ SBYB","offer_id":53615976317201,"sku":"CIN1648395570VG","price":4.08,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1648395570.jpg?v=1751120820","url":"https:\/\/www.worldofbooks.com\/products\/master-of-chaos-book-shannon-mckenna-9781648395574","provider":"World of Books ","version":"1.0","type":"link"}