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How Do I Choose the Best Quantitative Finance Books?

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  • Written By: D. Nelson
  • Edited By: M. C. Hughes
  • Last Modified Date: 06 December 2016
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Quantitative finance is a form of financial engineering that incorporates tenets of economics, mathematics, and information technology (IT). Individuals who practice quantitative finance use innovative financial models to predict market behaviors and discover market averages. To choose the best quantitative finance books, you should first consider why you are interested in the subject. For example, if you are considering taking courses in this field, but you are not sure that this kind of financial analysis is right for you, you might want to choose quantitative finance books that provide you with a general introduction to the field. Individuals who are practicing analysts, on the other hand, should choose books that are more complicated and which are directed toward specific kinds of financial management.

For students, the best quantitative finance books are probably those assigned for classes. A list of required books can often be found on syllabi distributed by course instructors. This is, however, a complicated subject, and students commonly find that they need some extra help. To find the best quantitative finance books to supplement required reading, it might be a good idea to consult your professor. In other cases, you might choose study aids published by educational publishing houses.

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People who are interested in quantitative finance books, but who are not financial professionals and who do not wish to earn degrees, might find books directed toward the general public. These books tend to be less complicated than more technical books. They might contain less jargon and fewer mathematical equations. Instead, these texts might include histories of quantitative finance, as well as ways in which this brand of financial engineering is applied to contemporary financial processes.

This is a complex field with many different methods and perspectives held by its practitioners. For this reason, you should become familiar with the ideas and experiences of those who write or edit books. A financial scholar who has worked for years at a university, for example, might not have the same ideas about quantitative finances that a practicing financial analyst might possess.

Quantitative finance can be heavily dependent on current technology that is continually changing. For this reason, you might want to choose quantitative finance books that are relatively current. If you are interested in merely a brief introduction, this factor might not be as important. People who are interested in the practical application of financial modeling, on the other hand, should make sure that they are reading recently updated texts.

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