{"product_id":"pricing-options-using-multifactor-stochastic-volatility-models-von-alessio-pieri","title":"Pricing options using multifactor stochastic volatility models","description":"\u003cp\u003eAccurate option pricing has been a main concern for financial quantitative practitioners and academics since the introduction of such instruments.   The Black and Scholes option pricing formula is a cornerstone in the derivatives world; nonetheless it is based on a set of unrealistic assumptions and does not explain volatility patterns.  Pricing options using multifactor stochastic volatility models illustrates step by step why volatility has to be considered a variable that moves in a random fashion and why multifactor stochastic volatility models have become the most popular among practitioners.   The book also presents a practical framework for building multifactor stochastic volatility models. Matlab codes are provided in the appendix.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783846542781\"\u003e\u003ch3\u003eincludes Matlab codes used to develop multifactor stochastic volatility models\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783846542781","offer_id":39493628919901,"sku":"9783846542781","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/72f8b748-5316-4ee6-b64e-bcdc718eb47c.jpg?v=1773381788","url":"https:\/\/shop.autorenwelt.de\/en\/products\/pricing-options-using-multifactor-stochastic-volatility-models-von-alessio-pieri","provider":"Autorenwelt Shop","version":"1.0","type":"link"}