Svetlozar T. Rachev

Bayesian Methods in Finance provides a detailed overview of the theory of Bayesian methods and explains their real-world applications to financial modelling. While the principles and concepts explained throughout the book can be used in financial modelling and decision making in general, the authors focus on portfolio management and market risk management—since these are the areas in finance where Bayesian...

A comprehensive look at how probability and statistics is applied to the investment process. Finance has become increasingly more quantitative, drawing on techniques in probability and statistics that many finance practitioners have not had exposure to before. In order to keep up, you need a firm understanding of this discipline. Probability and Statistics for Finance addresses this issue by showing...