Economics Books

Dive into the dynamic world of economics with our wide array of books in the Economics collection. From global financial systems to local economic policies, our selection offers insights by leading economists and scholars.

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The Black Swan: The Impact of the Highly Improbable
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Nassim Nicholas Taleb | Penguin

The Black Swan: The Impact of the Highly Improbable

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Goodreads rating: 3.96

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If you're intrigued by the unpredictable nature of life and how it shapes our world, "The Black Swan" might just be the book to shift your perspective. Nassim Nicholas Taleb's insights into rare yet significant events and our psychological responses to them are as engrossing as they are enlightening. This book doesn't just dissect past occurrences; it offers a way to navigate our future with more resilience and adaptability. Whether you're into economics, psychology, or just fascinated by the unexpected twists of fate, Taleb's exploration will give you plenty to ponder.
Bayesian Ideas and Data Analysis: An Introduction for Scientists and Statisticians
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If you're looking to understand the Bayesian perspective on statistics, particularly in scientific research, this book could be a goldmine for you. It takes complex ideas and makes them accessible, offering practical guidance on applying Bayesian methods to real data analysis. You'll appreciate the real-world examples that can crystalize abstract concepts.
Statistics For Business - Decision Making And Analysis - Thryft
Robert Stine | Pearson

Statistics For Business - Decision Making And Analysis

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Goodreads rating: 3.91

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This book is perfect for business students and professionals who want to develop a deep understanding of how to use statistics in making strategic decisions. With its emphasis on real-world business scenarios, clear problem-solving framework, and practical software hints, this book equips readers with the necessary tools to analyze data, communicate results effectively, and make informed decisions. Whether you're a beginner or an experienced learner, this book will help you master statistical concepts and apply them to solve complex business problems.
Business Research Methods and Statistics Using SPSS - Thryft
Richard A. Burns, Robert P. Burns  | Sage Publications Ltd

Business Research Methods and Statistics Using SPSS

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Goodreads rating: 3.5

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This book might just be what you need to demystify the complex world of business research and statistics. With its easy-to-understand language and focus on practical applications, it could be a boon for anyone engaged in business studies or management research. It smoothly transitions you from theoretical concepts to the real-world utility of SPSS, without overwhelming you with mathematical jargon. If you're looking to get comfortable with quantitative methods and want to apply them effectively in your research, this could be the book to start with.
Statistics for Business Decision Making and Analysis - Thryft
Robert Stine | Pearson

Statistics for Business Decision Making and Analysis

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Goodreads rating: 3.92

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If you're looking to sharpen your decision-making skills with the help of data, this book could be a game-changer. It's not just about learning statistical methods; Stine and Foster help you understand how to apply these tools effectively to solve real business problems. With clear examples and a focus on practical application, this book is like having an expert mentor guide you through the complex world of business statistics.
Theory of Games and Statistical Decisions

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If you're delving into the realm of statistics or game theory, Blackwell and Girshick's text could be enlightening. It's praised for introducing these complex topics in an accessible way, perfect for first-year graduate students or self-learners. As a foundational piece in the field, it provides a solid base for anyone interested in the interplay between statistical decisions and strategic reasoning.
Textbook of Computable General Equilibrium Modeling: Programming and Simulations - Thryft
Kenji Gasawa, Hideo Hashimoto, Nobuhiro Hosoe  | Palgrave Macmillan

Textbook of Computable General Equilibrium Modeling: Programming and Simulations

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Goodreads rating: 4.67

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This book is a must-read for those who are interested in mastering the technical aspects of computable general equilibrium modeling. With a comprehensive A-to-Z guide, it provides step-by-step instructions on programming and simulations. Whether you are an economist, researcher, or student, this book equips you with the necessary tools to analyze complex economic issues empirically. Dive deep into the world of CGE models and unlock the potential to investigate the impacts of economic integration, eco-taxes, regulatory reforms, taxation reforms, and transportation system planning.
Games of Strategy 1e - Thryft
Avinash K. Dixit, Susan Skeath  | W W Norton

Games of Strategy 1e

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Goodreads rating: 3.98

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All introductory textbooks begin by attempting to convince the student readers that the subject is of great importance in the world, and therefore merits their attention. The physical sciences and engineering claim to be the basis of modern technology and therefore of modern life; the social sciences discuss big issues of governance, for example, democracy and taxation; the humanities claim that they revive your soul after it has been deadened by exposure to the physical and social sciences and to engineering. Where does the subject "games of strategy," often also called game theory, fit into this picture, and why should you study it? Dixit and Skeath's Games of Strategy offers a practical motivation much more individual and closer to your personal concerns than most other subjects. You play games of strategy all the with your parents, siblings, friends, enemies, even with your professors. You have probably acquired a lot of instinctive expertise, and we hope you will recognize in what follows some of the lessons you have already learned. This book's authors will build on this experience, systematize it, and develop it to the point where you will be able to improve your strategic skills and use them more methodically. Opportunities for such uses will appear throughout the rest of your life; you will go on playing such games with your employers, employees, spouses, children, and even strangers. Not that the subject lacks wider importance. Similar games are played in business, politics, diplomacy, wars--in fact
Introductory Management Science - Thryft

Introductory Management Science

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This book is recommended for business students and professionals who want to learn about management science techniques and their role in decision-making. It emphasizes the importance of utilizing management judgement in utilizing the information provided by models. The book also offers detailed examples and case studies of how techniques are utilized in practice, and thoroughly integrates computer applications including popular software packages such as Lotus 1-2-3, @RISK, LINDO and QSB+.
Course Microeconomic Theory - Thryft
David M. Kreps | Harvester/wheatsheaf

Course Microeconomic Theory

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Goodreads rating: 4.06

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This book provides a broad coverage of traditional and modern approaches to microeconomic theory, making it ideal for final-year undergraduate and graduate students. The numerous problem sets and exercises included in the book offer readers the opportunity to test their knowledge and improve their understanding of the subject. Moreover, the author uses a wide variety of markets for examples, with a concentration in industrial economics, which makes the content of the book more relevant and engaging.
Game-Changer: Game Theory and the Art of Transforming Strategic Situations

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If you're looking to sharpen your strategic thinking, "Game-Changer" is a must-read. David McAdams distills complex game theory into accessible strategies that can transform your approach to life's challenges. Whether you're a professional or simply love strategic problem-solving, this book offers tools to turn situations in your favor seamlessly.
Production And Operations Analysis - Thryft
Steven Nahmias | Irwin/mcgraw-hill

Production And Operations Analysis

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Goodreads rating: 4.27

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This book is a must-read for anyone interested in understanding and improving production and operations processes. With its clear and comprehensive explanations, it provides a complete guide to analyzing and optimizing these essential business functions. Whether you're a student or a professional, this book will help you gain a deep understanding of production and operations analysis and apply it in real-world scenarios.
Practical Management Science - Thryft
Wayne L. Winston, S. Christian Albright  | Cengage Learning

Practical Management Science

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Goodreads rating: 3.76

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This book is a great resource for professionals who want to learn how to use Excel for practical problem-solving and optimization. With an emphasis on hands-on exercises and real-world examples, it teaches readers how to use different tools and techniques to model complex business problems and make data-driven decisions. The Palisade DecisionTools Suite included with the book adds value to its comprehensive coverage of optimization and modeling techniques.
Business Statistics : International Edition - Thryft
Phillip C. Fry, Patrick W. Shannon, David F. Groebner  | Pearson

Business Statistics : International Edition

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Goodreads rating: 3.22

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This book is a must-read for anyone looking to master the concepts of business statistics. With a step-by-step approach and engaging real-world examples, it breaks down complex ideas into easily understandable terms. Whether you're a beginner or already have some mathematical background, this book will help you develop a solid foundation in business statistics. Get ready to unlock the power of data analysis and make informed business decisions like never before.
Introduction to Management Science - Thryft
Bernard W. Taylor III | Pearons Prentice Hall

Introduction to Management Science

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Goodreads rating: 3.84

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This book is perfect for management students who struggle with math. It offers easy-to-understand techniques and practical solutions that can be easily applied to real life business scenarios. Users will appreciate the spreadsheets and computer-based examples, which make the subject more accessible and engaging. Overall, this book is a fantastic resource for anyone who wants to develop a logical approach to problem-solving in the business world.
Fundamental Methods of Mathematical Economics - Thryft
Alpha C.; Wainwright Chiang, Kevin Wainwright  | Mcgraw Hill

Fundamental Methods of Mathematical Economics

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Goodreads rating: 4.02

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If economics paired with mathematics often seems daunting to you, this book might change your mind. Wainwright's update on Chiang's classic text maintains its precision while refreshing it with current examples. Understanding economic theory becomes more approachable, and for those keen on the numerical side of economics, this comprehensive guide is an invaluable asset. It's a hefty book, but it's the clarity within those 800 pages that could give you an edge in your studies or career.
The Valuation of Technology : Business and Financial Issues in R&D - Thryft
F. Peter Boer | Wiley

The Valuation of Technology : Business and Financial Issues in R&D

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Goodreads rating: 3.2

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The Valuation of Technology provides mathematical models for the valuation of R&D projects that can assist business people, scientists, and engineers to evaluate new technologies, R&D projects, and R&D budgets, helping to make more informed decisions. It also identifies common fallacies in performing valuation of technology-based properties, offering quick and easy models that can be used straightaway and a quantitative method for valuing technology projects to assign value to research projects.
PcGive 10: Modelling Dynamic Systems Using PcGive 10 - Thryft
Jurgen A. Doornik, David F. Hendry  | Timberlake Consultants Press

PcGive 10: Modelling Dynamic Systems Using PcGive 10

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Goodreads rating: 4.0

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If you're delving into the world of econometrics or want to learn more about system dynamics, "PcGive 10: Modelling Dynamic Systems Using PcGive 10" can be a robust resource. The book goes in-depth, offering both theoretical background and practical application with PcGive software. It's highly recommended for students and professionals who seek a comprehensive guide to enhance their modeling skills.
Optimizing Optimization - The Next Generation Of Optimization Applications And Theory - Thryft
Stephen Satchell | Academic Press

Optimizing Optimization - The Next Generation Of Optimization Applications And Theory

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The practical aspects of optimization rarely receive global, balanced examinations. Stephen Satchell's nuanced assembly of technical presentations about optimization packages (by their developers) and about current optimization practice and theory (by academic researchers) makes available highly practical solutions to our post-liquidity bubble environment. The commercial chapters emphasize algorithmic elements without becoming sales pitches, and the academic chapters create context and explore development opportunities. Together they offer an incisive perspective that stretches toward new products, new techniques, and new answers in quantitative finance.
Stats for the Utterly Confused Schaum - Thryft
Jaisingh | Mcgraw-hill Education

Stats for the Utterly Confused Schaum

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Recommendation: This book is great for beginners who struggle with statistics and want a step-by-step approach to learning it. With a focus on real-world examples, readers will be able to apply statistical concepts to their interests in business and economics. This book has clear explanations that will help readers feel less overwhelmed by the subject.
Introduction to Industrial Engineering
Yuval Cohen | Crc Press

Introduction to Industrial Engineering

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Goodreads rating: 5.0

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If industrial engineering piqued your interest or if you're considering this field as a career path, "Introduction to Industrial Engineering" can be a cornerstone for your studies and understanding. Written to bridge the gap between theory and practice, it provides a comprehensive overview of the role, tools, and essential psychological and ergonomic considerations within the profession. By exploring the new developments and traditional aspects of industrial engineering, this book could serve as both a foundational text and a springboard for further specialization.
This book is a must-read for those who want to challenge their preconceived notions and understand the hidden forces that shape our world. With captivating storytelling and thought-provoking insights, Nassim Nicholas Taleb takes us on a journey to unravel the mysteries of black swan events – those unexpected, game-changing occurrences that defy our predictions. Through a mix of philosophy and empirical evidence, Taleb challenges our illusion of knowledge and guides us to embrace uncertainty, helping us navigate a world where the unexpected is the norm. Get ready to have your mind blown and your perspective forever altered.
AIQ: How People and Machines Are Smarter Together
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Nick Polson | St. Martin's Press

AIQ: How People and Machines Are Smarter Together

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Goodreads rating: 4.16

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AIQ by Nick Polson and James Scott might just be what you need if you're curious about the fusion of human intelligence with advanced technology but prefer storytelling over technical jargon. It's a book that takes you through the evolution of AI, illustrating its potential to enhance our decisions and lives. Picture yourself understanding and conversing about AI as fluidly as you discuss your favorite smartphone features, all thanks to the accessible wisdom AIQ provides.
The Quants : How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It - Thryft
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Recommended for those interested in finance & mathematics. Provides an insightful look into the world of financial engineering and the consequences that followed.
How to Make the World Add Up : Ten Rules for Thinking Differently About Numbers - Thryft
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When was the last time you read a grand statement, accompanied by a large number, and wondered whether it could really be true? Statistics are vital in helping us tell stories - we see them in the papers, on social media, and we hear them used in everyday conversation - and yet we doubt them more than ever.But numbers - in the right hands - have the power to change the world for the better. Contrary to popular belief, good statistics are not a trick, although they are a kind of magic. Good statistics are not smoke and mirrors; in fact, they help us see more clearly. Good statistics are like a telescope for an astronomer, a microscope for a bacteriologist, or an X-ray for a radiologist. If we are willing to let them, good statistics help us see things about the world around us and about ourselves - both large and small ­- that we would not be able to see in any other way.In How to Make the World Add Up, Tim Harford draws on his experience as both an economist and presenter of the BBC's radio show 'More or Less'. He takes us deep into the world of disinformation and obfuscation, bad research and misplaced motivation to find those priceless jewels of data and analysis that make communicating with numbers worthwhile. Harford's characters range from the art forger who conned the Nazis to the stripper who fell in love with the most powerful congressman in Washington, to famous data detectives such as John Maynard Keynes, Daniel Kahneman and Florence Nightingale. He reveals how we can evaluate the claims that surround us with confidence, curiosity and a healthy level of scepticism.Using ten simple rules for understanding numbers - plus one golden rule - this extraordinarily insightful book shows how if we keep our wits about us, thinking carefully about the way numbers are sourced and presented, we can look around us and see with crystal clarity how the world adds up.
Superforecasting - Thryft
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Dan Gardner, Philip E. Tetlock  | Random House Books

Superforecasting

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What if we could improve our ability to predict the future?Everything we do involves forecasts about how the future will unfold. Whether buying a new house or changing job, designing a new product or getting married, our decisions are governed by implicit predictions of how things are likely to turn out. The problem is, we're not very good at it.In a landmark, twenty-year study, Wharton professor Philip Tetlock showed that the average expert was only slightly better at predicting the future than a layperson using random guesswork. Tetlock's latest project - an unprecedented, government-funded forecasting tournament involving over a million individual predictions - has since shown that there are, however, some people with real, demonstrable foresight. These are ordinary people, from former ballroom dancers to retired computer programmers, who have an extraordinary ability to predict the future with a degree of accuracy 60% greater than average. They are superforecasters.In Superforecasting, Tetlock and his co-author Dan Gardner offer a fascinating insight into what we can learn from this elite group. They show the methods used by these superforecasters which enable them to outperform even professional intelligence analysts with access to classified data. And they offer practical advice on how we can all use these methods for our own benefit - whether in business, in international affairs, or in everyday life.
Superforecasting : The Art and Science of Prediction - Thryft
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Superforecasting is a must-read for anyone who wants to enhance their predictive abilities. The book examines how some people are better at making predictions than others and offers effective strategies for improving your own forecasting abilities. Through real-world examples, Tetlock and Gardner demonstrate how good forecasting doesn't require advanced technology or methods but rather a willingness to learn, think probabilistically, work in teams, and admit error. If you want to make better decisions, this book will equip you with the necessary skills to do so.
The Signal and the Noise : Why So Many Predictions Fail-but Some Don't - Thryft
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The Signal and the Noise is a must-read for individuals interested in understanding the art and science of predictions. Nate Silver draws from his experience as a blogger, political forecaster, and founder of website FiveThirtyEight to explore the importance of probability and uncertainty in making predictions. Beyond the importance of probability, Silver emphasizes the importance of humility and hard work in prediction. Silver's unique style of presenting his findings, including an analysis of the most successful forecasters in a range of areas, makes the book an informative and entertaining read.
AIQ : How artificial intelligence works and how we can harness its power for a better world - Thryft
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This book is a must-read for anyone curious about artificial intelligence and its impact on our lives. Through captivating stories and real-life examples, it simplifies complex mathematical concepts and demonstrates how AI is reshaping our world. It delves into the historical development of AI and provides insights into how it can be harnessed for a better future. By the end, you'll gain a deeper understanding of AI's potential and be inspired to embrace its power to enhance your own life.
The Book of Why : The New Science of Cause and Effect - Thryft
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A Turing Award-winning computer scientist and statistician shows how understanding causality has revolutionized science and will revolutionize artificial intelligence"Correlation is not causation." This mantra, chanted by scientists for more than a century, has led to a virtual prohibition on causal talk. Today, that taboo is dead. The causal revolution, instigated by Judea Pearl and his colleagues, has cut through a century of confusion and established causality -- the study of cause and effect -- on a firm scientific basis. His work explains how we can know easy things, like whether it was rain or a sprinkler that made a sidewalk wet; and how to answer hard questions, like whether a drug cured an illness. Pearl's work enables us to know not just whether one thing causes another: it lets us explore the world that is and the worlds that could have been. It shows us the essence of human thought and key to artificial intelligence. Anyone who wants to understand either needs The Book of Why .
Fooled by Randomness : The Hidden Role of Chance in Life and in the Markets - Thryft
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Everyone wants to succeed in life. But what causes some of us to be more successful than others? Is it really down to skill and strategy - or something altogether more unpredictable? This book is the word-of-mouth sensation that will change the way you think about business and the world. It is all about more precisely, how we perceive luck in our personal and professional experiences. Nowhere is this more obvious than in the markets - we hear an entrepreneur has 'vision' or a trader is 'talented', but all too often their performance is down to chance rather than skill. It is only because we fail to understand probability that we continue to believe events are non-random, finding reasons where none exist. This irreverent bestseller has shattered the illusions of people around the world by teaching them how to recognize randomness. Now it can do the same for you.
Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy
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If you've ever felt like invisible forces shape our society, "Weapons of Math Destruction" is a book that brings those shadows into the light. Cathy O'Neil's background gives her insight into the algorithms dictating life-changing decisions without accountability. This book isn't just a read; it's a wake-up call to understand and question the hidden structures that could be influencing your life right now.
Fooled by Randomness : The Hidden Role of Chance in Life and in the Markets - Thryft
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Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are The Black Swan, Antifragile,and The Bed of Procrustes.
The Black Swan : The Impact of the Highly Improbable - Thryft
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A black swan is an event, positive or negative, that is deemed improbable yet causes massive consequences. In this groundbreaking and prophetic book, Taleb shows in a playful way that Black Swan events explain almost everything about our world, and yet we—especially the experts—are blind to them. In this second edition, Taleb has added a new essay, On Robustness and Fragility , which offers tools to navigate and exploit a Black Swan world.
The Book of Why : The New Science of Cause and Effect - Thryft
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The Book of Why is an exceptional read for anyone interested in the study of causality and how it shapes our understanding of the world. With Judea Pearl's expert guidance, readers can delve into the intricacies of complex systems and explore the underlying mechanisms that drive cause and effect. By blending cutting-edge science with easy-to-understand explanations, Pearl's work helps readers gain a fresh perspective on how we comprehend the world around us and how we can leverage that understanding to build a better future.
Naked Statistics : Stripping the Dread from the Data - Thryft
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The best-selling author of Naked Economics defies the odds with a book about statistics that you’ll welcome and enjoy. Once considered tedious, the field of statistics is rapidly evolving into a discipline Hal Varian, chief economist at Google, has actually called “sexy.” From batting averages and political polls to game shows and medical research, the real-world application of statistics continues to grow by leaps and bounds. How can we catch schools that cheat on standardized tests? How does Netflix know which movies you’ll like? What is causing the rising incidence of autism? As best-selling author Charles Wheelan shows us in Naked Statistics , the right data and a few well-chosen statistical tools can help us answer these questions and more. For those who slept through Stats 101, this book is a lifesaver. Wheelan strips away the arcane and technical details and focuses on the underlying intuition that drives statistical analysis. He clarifies key concepts such as inference, correlation, and regression analysis, reveals how biased or careless parties can manipulate or misrepresent data, and shows us how brilliant and creative researchers are exploiting the valuable data from natural experiments to tackle thorny questions. And in Wheelan’s trademark style, there’s not a dull page in sight. You’ll encounter clever Schlitz Beer marketers leveraging basic probability, an International Sausage Festival illuminating the tenets of the central limit theorem, and a head-scratching choice from the famous game show Let’s Make a Deal ―and you’ll come away with insights each time. With the wit, accessibility, and sheer fun that turned Naked Economics into a bestseller, Wheelan defies the odds yet again by bringing another essential, formerly unglamorous discipline to life.
Against the Gods : The Remarkable Story of Risk - Thryft
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Peter L. Bernstein | John Wiley & Sons

Against the Gods : The Remarkable Story of Risk

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Goodreads rating: 3.96

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With the stock market breaking records almost daily, leaving longtime market analysts shaking their heads and revising their forecasts, a study of the concept of risk seems quite timely. Peter Bernstein has written a comprehensive history of man's efforts to understand risk and probability, beginning with early gamblers in ancient Greece, continuing through the 17th-century French mathematicians Pascal and Fermat and up to modern chaos theory. Along the way he demonstrates that understanding risk underlies everything from game theory to bridge-building to winemaking.
Turning Numbers into Knowledge : Mastering the Art of Problem Solving - Thryft
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Full of tools, tricks, and tips for solving problems in the real world, this book serves as an ideal training manual for those who are new to or intimidated by quantitative analysis and acts as an excellent refresher for those who have more experience but want to improve the quality of their data, the clarity of their graphics, and the cogency of their arguments. In addition to containing numerous updates to the contents—references, URLs, and reading lists—this second edition includes a new foreword, revised chapters, and an epilogue. Mastering the art of problem solving takes more than proficiency with basic calculations; it requires understanding how people use information, recognizing the importance of ideology, learning the art of storytelling, and acknowledging the important distinction between facts and values. Intended for executives, professors, and students, this guide addresses these and other essential skills.
Theory of Games and Economic Behavior : 60th Anniversary Commemorative Edition - Thryft
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This is the classic work upon which modern-day game theory is based. What began more than sixty years ago as a modest proposal that a mathematician and an economist write a short paper together blossomed, in 1944, when Princeton University Press published Theory of Games and Economic Behavior . In it, John von Neumann and Oskar Morgenstern conceived a groundbreaking mathematical theory of economic and social organization, based on a theory of games of strategy. Not only would this revolutionize economics, but the entirely new field of scientific inquiry it yielded--game theory--has since been widely used to analyze a host of real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations. And it is today established throughout both the social sciences and a wide range of other sciences.This sixtieth anniversary edition includes not only the original text but also an introduction by Harold Kuhn, an afterword by Ariel Rubinstein, and reviews and articles on the book that appeared at the time of its original publication in the New York Times , tthe American Economic Review , and a variety of other publications. Together, these writings provide readers a matchless opportunity to more fully appreciate a work whose influence will yet resound for generations to come.
Kelly Capital Growth Investment Criterion, The: Theory And Practice - Thryft
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The Kelly Capital Growth Investment Criterion is a must-read for investors seeking to maximize their wealth in the long-run. Through the use of mathematical theorems and a logarithmic utility function, the Kelly strategy has been proven to minimize the expected time to achieve large goals. While the strategy may be risky in the short-term, it can lead to considerably larger wealth than other strategies over time. This book covers various aspects of the theory and practice of dynamic investing, including fixed-mix and volatility-induced growth strategies.
Super Crunchers - Thryft
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Ian Ayres | John Murray Publishers

Super Crunchers

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When would a casino stop a gambler from playing his next hand?How could a company use statistical analysis to blackball you from the job you want?Why should you worry when customer services pay attention to your needs?Beginning with examples of the mathematician who out-predicted wine buffs in determining the best vintages, and the sports scouts who now use statistics rather than intuition to pick winners, Super Crunchers exposes the hidden patterns all around us. No businessperson, academic, student, or consumer (statistically that's everyone) should make another move without getting to grips with thinking-by-numbers - the new way to be smart, savvy and statistically superior.
Frequently Asked Questions in Quantitative Finance - Thryft
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Paul Wilmott | John Wiley & Sons

Frequently Asked Questions in Quantitative Finance

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Getting agreement between finance theory and finance practice is important like never before. In the last decade the derivatives business has grown to a staggering size, such that the outstanding notional of all contracts is now many multiples of the underlying world economy. No longer are derivatives for helping people control and manage their financial risks from other business and industries, no, it seems that the people are toiling away in the fields to keep the derivatives market afloat! (Apologies for the mixed metaphor!) If you work in derivatives, risk, development, trading, etc. you'd better know what you are doing, there's now a big responsibility on your shoulders. In this second edition of "Frequently Asked Questions in Quantitative Finance" I continue in my mission to pull quant finance up from the dumbed-down depths, and to drag it back down to earth from the super-sophisticated stratosphere. Readers of my work and blogs will know that I think both extremes are dangerous. Quant finance should inhabit the middle ground, the mathematics sweet spot, where the models are robust and understandable, and easy to mend....And that's what this book is about.This book contains important FAQs and answers that cover both theory and practice. There are sections on how to derive Black-Scholes (a dozen different ways!), the popular models, equations, formulae and probability distributions, critical essays, brainteasers, and the commonest quant mistakes. The quant mistakes section alone is worth trillions of dollars!I hope you enjoy this book, and that it shows you how interesting this important subject can be. And I hope you'll join me and others in this industry on the discussion forum on wilmott.com. See you there!""FAQQF2."..including key models, important formulae, popular contracts, essays and opinions, a history of quantitative finance, sundry lists, the commonest mistakes in quant finance, brainteasers, plenty of straight-talking, the Modellers' Manifesto and lots more.
Frequently Asked Questions in Quantitative Finance - Thryft
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Paul Wilmott | Wiley

Frequently Asked Questions in Quantitative Finance

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Goodreads rating: 3.98

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This book is ideal for individuals looking to build a career in quantitative finance or enhance their knowledge of the subject. It provides a comprehensive overview of important concepts, and offers practical insights into understanding and modeling financial data. With a balance of theoretical and practical perspectives, this book is an excellent resource for anyone seeking to improve their understanding of quantitative finance.
Cartoon Guide to Statistics - Thryft
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Larry Gonick, Woollcott Smith  | Harperperennial

Cartoon Guide to Statistics

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Goodreads rating: 3.9

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If you have ever looked for P-values by shopping at P mart, tried to watch the Bernoulli Trails on "People's Court," or think that the standard deviation is a criminal offense in six states, then you need The Cartoon Guide to Statistics to put you on the road to statistical literacy. The Cartoon Guide to Statistics covers all the central ideas of modern statistics: the summary and display of data, probability in gambling and medicine, random variables, Bernoulli Trials, the Central Limit Theorem, hypothesis testing, confidence interval estimation, and much more--all explained in simple, clear, and yes, funny illustrations. Never again will you order the Poisson Distribution in a French restaurant!
Basic Econometrics (Sie) - Thryft
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GuJRATI | Tata Mcgraw Hill

Basic Econometrics (Sie)

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Goodreads rating: 3.78

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Basic Econometrics (Sie) is an excellent book for students and professionals who want a better understanding of econometric theory and applications. The book is well-organized, practical, and up-to-date, making it an ideal resource for anyone looking to learn or review econometric techniques. It covers essential topics such as regression analysis, hypothesis testing, time-series analysis, panel data, and more. The book also includes real-world examples, case studies, and exercises that help readers apply the concepts to their work or research. Whether you are a student of economics, business, or social sciences, Basic Econometrics (Sie) is a great reference book that will help you succeed.
Complexity: A Very Short Introduction - Thryft
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John H. Holland | Oxford University Press

Complexity: A Very Short Introduction

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This book is for curious minds who want to explore the interconnectedness of the world. With captivating examples, John Holland introduces you to the fascinating world of complexity, from the intricate behavior of flocks of birds to the unpredictability of weather. This Very Short Introduction will leave you with a new perspective on the science of the 21st century and a deeper appreciation for the beauty of complex systems. Get ready to dive into this engaging and eye-opening journey!
Innumeracy : Mathematical Illiteracy and Its Consequences - Thryft
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This book is perfect for those who want to strengthen their mathematical skills and understand its implications. As you read through real-life examples and stories, you will realize the importance of being mathematically literate. Paulos not only teaches the value of mathematics but also shows how innumeracy can result in harmful consequences. This book is a must-read for those seeking to develop critical thinking and numeracy skills.
Complexity : The Emerging Science at the Edge of Order and Chaos - Thryft
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Complexity is a great read for those fascinated by the patterns and structures that arise from seemingly random events. The book explores how complex systems, from the stock market to ecosystems, emerge and evolve. Waldrop takes readers behind the scenes at The Santa Fe Institute, where Nobel Laureates are unlocking the secrets of complexity. The book's most unique feature is its ability to tie together disparate fields of study, offering a fresh perspective on the world around us.
Introductory Statistics 5e (WSE) - Thryft
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Thomas H. Wonnacott, Ronald J. Wonnacott  | Wiley

Introductory Statistics 5e (WSE)

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An updated and revised edition of the popular introduction to statistics for students of economics or business, suitable for a one- or two-semester course. Presents an approach that is generally available only in much more advanced texts, yet uses the simplest mathematics consistent with a sound presentation. This Fifth Edition includes a wealth of new problems and examples (many of them real-life problems drawn from the literature) to support the theoretical discussion. Emphasizes the regression model, including nonlinear and multiple regression. Topics covered include randomization to eliminate bias, exploratory data analysis, graphs, expected value in bidding, the bootstrap, path analysis, robust estimation, maximum likelihood estimation and Bayesian estimation and decisions.
Fundamentals of Modern Statistical Methods : Substantially Improving Power and Accuracy - Thryft
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Conventional statistical methods have a very serious flaw. They routinely miss differences among groups or associations among variables that are detected by more modern techniques, even under very small departures from normality. Hundreds of journal articles have described the reasons standard techniques can be unsatisfactory, but simple, intuitive explanations are generally unavailable. Situations arise where even highly nonsignificant results become significant when analyzed with more modern methods. Without assuming the reader has any prior training in statistics, Part I of this book describes basic statistical principles from a point of view that makes their shortcomings intuitive and easy to understand. The emphasis is on verbal and graphical descriptions of concepts. Part II describes modern methods that address the problems covered in Part I. Using data from actual studies, many examples are included to illustrate the practical problems with conventional procedures and how more modern methods can make a substantial difference in the conclusions reached in many areas of statistical research. The second edition of this book includes a number of advances and insights that have occurred since the first edition appeared. Included are new results relevant to medians, regression, measures of association, strategies for comparing dependent groups, methods for dealing with heteroscedasticity, and measures of effect size.

Unlock the World of Economics

At Thryft, our Economics collection opens up pathways to understanding complex economic theories and real-world applications. Whether you’re interested in microeconomics, macroeconomics, or behavioural economics, our carefully curated selection is designed to enrich your knowledge. Discover works from Nobel laureates and renowned economists that are essential for students, professionals, and enthusiasts who crave a deeper understanding of the economy.