All theory -- not practical at all (New York, NY) February 22, 2005 - 3.0/5...

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Options, Futures, and Other Derivatives (5th Edition)
John C. Hull

Options, Futures, and Other Derivatives (5th Edition) - image

Rating: 4.5/5 Stars
Rank: 3460

All theory -- not practical at all
(New York, NY) February 22, 2005 - 3.0/5 stars

Despite a wide coverage of topics, the book is way over priced. It is written at purely academic level and of limited use to practioners, quants, and traders who want to use and develop derivatives models.

The books focuses on theory and the material is too simplistic. Important details on how to use or implement the models in practice is completely lacking.

For instance, the book does not discuss the details for how to actually calibrate the parameters of the models to actual market data.

If you want to learn the material in detail and how derivatives securities are actually modeled and implemented in practice using real-world data, I would strongly recommend a book like Modeling Derivatives in C++ or Principles of Financial Engineering.

Customer Review: 32 of 33

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Customer Reviews

Options, Futures, and Other Derivatives (5th Edition)
John C. Hull

Customer Review 31 - 33 of 33


31.	This bible contains errors
	(Austria+Texas) March 3, 2002 - 3.0/5 stars
	First, my review refers to the 1997 3rd edition.Since this book is regarded as the bible of derivatives (it was also my first introduction) I will leave it to others to praise it and concentrate instead on what's wrong with... read full review

Current Review
32.	All theory -- not practical at all
	(New York, NY) February 22, 2005 - 3.0/5 stars
	Despite a wide coverage of topics, the book is way over priced. It is written at purely academic level and of limited use to practioners, quants, and traders who want to use and develop derivatives models. The books focuses... read full review

33.	Dull
	(Edo de Mexico, Edo de Mexico Mexico) March 30, 2001 - 3.0/5 stars
	If this is your fist time with derivatives stay away from this book. Although its content is quite comprehensive and most indicated for the topic, it lurches due to the inefficiency of the author to make this material... read full review

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Editorials

Sample 3 of 3

Options, Futures, and Other Derivatives (5th Edition)
John C. Hull


	The publisher, Prentice Hall Business Publishing
	Widely-adopted for its comprehensive coverage, exceptionally clear explanations of difficult material, and avoidance of nonessential math, this text bridges the gap between the theory and practice of derivatives, and helps... read full editorial

	From the Inside Flap
	Preface This book is appropriate for graduate and advanced undergraduate elective courses in business, economics, and financial engineering. It is also suitable for practitioners who want to acquire a working knowledge... read full editorial

	From the Back Cover
	JOHN C. HULL'S Options, Futures, and Other Derivatives is unique in that it is both a best-selling college textbook and the "bible" in trading rooms throughout the world. The Fifth Edition continues to offer the most... read full editorial

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