Options, Futures, and Other Derivatives

I was planning to buy this book for a few years. This is a classical book on Derivatives. A must have for anyone that is interested in learning how derivatives work and how to price them. It provides good reasoning and intuitive ideas on risk-neutral pricing. I tried learning that from other books before but the main ideas are so well explained here that now I can understand what those other books say (concepts like market price of risk and the equivalent martingale result for change of numeraire). Interest rate derivatives are well introduced here and the new chapter on more numerical procedures extends the results from previous chapters to dynamics with stochastic volatility and so on. So, this is a must have and basic reading book for any quant analyst.

One cannot fully understand the quantitative aspects of risk management without having this book in your reference library. It's thorough, easy to read and has all the necessary mathematics for reproduce the risk measures, pricing and valuation for most exchange traded securities out there. I fails only in the introduction to cover the requisite history of risk management but that's not so important for the work. I particuarly like the Merton model descriptions for pricing corporate bonds, the options pricing methods because it makes binomial pricing for options really easy to program yourself. This is one book you need in your library and also one you must read too.

The hard cover of the book worn out so that it appears to be not so clean, but the papers are clean.

The book had some highlighting that I didn't think would be there when i ordered it, but then I got the book and it had lots of highlighting. It wasn't exactly in the promised condition.

Not just people in Sales & Trading / Structuring, but anyone who worries about the role of derivatives needs to first give this important book a read through: It simply and elegantly explains the role of derivatives. Don't make judgments about things you don't understand: read hull and learn

This is an exceptional book our professor use it for our class but if you truly want to learn derivatives and options and futures this book will benefit you

It is suitable for person who are starting to study finance.All things about derivetives are told more detailed. There are many examples to explain terms. This book is new and its quality is also very well.

great purchase. it works very well and is exactly as it was described. i would recommend this to a friend. i've been very happy with it.

The book is the bible of Derivatives and is on the reading list of several exams. Indian students preparing for FRM exam should use this version of the book as the problems in this book are matching with the solutions manual.

Es un libro el cuál sirve para estudiantes tanto de administración financiera que requieren enfoques prácticos así como para estudiantes de Matemáticas en ramas financieras ya que encamina para que el estudiante pueda profundizar en los desarrollos matemáticos.

Un livre de deuxième main, qui est arrivé tout nouveau et même encore emballé en plastique !!! Sur le contenu je ne sais rien dire, c’est pour mon fils qui est Docteur en Mathématiques....

good book, very helpful if you want to understand the basics of derivatives

It was the textbook for my finance class. Very well written.