important of financial mathematics?
468047
So you can calculate time value money.
881539
Black-Scholes theory is the theory underlying financial derivatives which involves stochastic calculus and assumes an uncorrelated log normal distribution of continuously varying prices. A simplified "binomial" version of the theory was subsequently developed by Sharpe et al. (1995) and Cox et al. (1979). It reproduces many results of the full-blown theory, and allows approximation of options for which analytic solutions are not known.\n\nMonteCarlo method: Any method which solves a problem by generating suitable random numbers and observing that fraction of the numbers obeying some property or properties. The method is useful for obtaining numerical solutions to problems which are too complicated to solve analytically. It was named by S. Ulam, who in 1946 became the first mathematician to dignify this approach with a name, in honor of a relative having a propensity to gamble. Nicolas Metropolis  also made important contributions to the development of such methods.\nThe most common application of the Monte Carlo method is Monte Carlo integration. \n\nMonte carlo integration: In order to integrate a function over a complicated domain D, Monte Carlo integration picks random points over some simple domain D^' which is a superset of D, checks whether each point is within D, and estimates the area of D (volume, n-dimensional content, etc.) as the area of D^' multiplied by the fraction of points falling within D. Monte Carlo integration is implemented in Mathematica  as NIntegrate[f, ..., Method->MonteCarlo].\n\ns
353839
Learn stochastic calculus and maths modelization first. It's your only way to making consistent profit on the FX. Charts are a great way to "learn" except they have no PREDICTIVE value whatsoever... sounds familiar? ;)
234449
I'm reading this book right now\n\nhttp://search.barnesandnoble.com/booksearch/isbnInquiry.asp?z=y&isbn=0452285259&itm=1\n\nI just got it, so I haven't read too far, but so far it's very interesting and easy to understand.  Here's some others on my list\n\nhttp://search.barnesandnoble.com/booksearch/isbnInquiry.asp?z=y&isbn=0195142373&itm=2\n\nhttp://search.barnesandnoble.com/booksearch/isbnInquiry.asp?z=y&isbn=019514743X&itm=5\n\nI would look on ebay or half.com, or even your library, first.\n\nI also think game theory and number theory are interesting topics, so if you or anyone else has a recommendation for those, please let me know :)\n\n~~~~~~~~~~~~~~~~~~~~~~~~\nI forgot this one, it's on my list, too\n\nhttp://search.barnesandnoble.com/booksearch/isbninquiry.asp?z=y&pwb=1&ean=9780691058542\n\nAnd I agree, good for you for expanding your horizons.
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Its crucial.\n\nBasically the field of algebra and discrete mathematics (combinatorics) lends naturally to the subject.\n\nAlgorithms or computer procedures are analysed in terms of their efficiency using maths.\n\nNumbers in computers are stored in binary.\n\nThe fundamental theorem of computer science is about the equivalence in dealing with certain types of problems. Problems whose solutions can be verified in polynomial time are called NP. Those that can be solved in polynomial time are called P. We would like to show P<NP but we cant. The best we can do is supply a bunch of equivalent problems in NP such that if any one of these key hard problems is in P, then P=NP. In practice that means these problems are impossible to solve precisely and we need an approximate solution.\n\nAnother area where math is used is correctness. Ideally people would like to prove a program is correct. In practice this is usually hell but to do so is mathemstical\n\nThere is an entire field of numerical analysis that involves the use of computers to approximate complex calculations.\n\nGraphic algorithms use lots of math and there is a whole field called computational geometry.\n\nCryptography which is the study of secret codes and encryption is all math.\n\nThe list goes on.\n\nIn addition mathematics requires one to think methodicaly and logically. This is fundamental to wroiting/designing s/w
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Fractional factorial plans are of immense practical utility in many fields of investigation (particularly in experimental design, quality control, and quality improvment), and research in this area is progressing at a vigorous pace with an already voluminous and growing amount of research papers published.\n\n---------------\n\nPractical applications of recursion\nThere are many practical situations in which recursion can be a valuable technique—among them is the classic programming problem called Bill of Materials. This problem has at least two different applications, which include:\n\nGiven the demand for one instance of an object, produce the Bill of Materials required to build it. \nGiven specific inventory levels of the constituent objects that comprise an object, how many objects of this kind can we build? \n\n\n----------------\n\n"Practical Fibonacci Methods For Forex Trading." It covers everything you need to know about using Fibonacci levels for entries, exits and stops.Position ,swing and intra day traders will find this information useful.You'll learn how to boost your trading skills using precision trading.
368062
Firstly look at all the different engineering feats that men has ever engaged in - for example your desk, the home you live in, lights, cars, highways, computers, TV, Internet, commerical planes, ipod etc - everything is related to mathematics!\n\nWhile eating your meal think about this, how would a chef be able to cook that delicious dish without the use of mathematical principles of proportion.\n\nThe designer clothes that you are currently wearing, how would the designer be able to create such clothes without the help of mathematical measuring instruments.\n\nThe back engine of any business enterprise is mathematics! Without a sound mathematical business strategy, business can go bankrupt overnight!\n\nAnd the list goes on! \n\nSorry to say, but i think you had a very lousy Mathematics Teacher!
54837
no.financial stability is also very important.even with all the love,understanding,trust etc.,it's hard to make the relationship work with hungry mouths to feed
612761
i dont know but you should study english - i study economics not finance. Finance is just more focused, i guess its for people that know exactly what they want to do i.e. a boring accountant.
416167
If you want to go into something business-related take classes like introduction to business, micro- or macro- economics, accounting. This way you will have a clearer idea of what business school is all about. Mathematics wouldn't hurt either.
860900
theres a lot of things. if you have x amount of money in the bank and need y amount of money for rent and food then spending z amount of money on clothes will keep you in your spending limit! haha! or if for some reason your boss decides to build a wall and you have x & z but the equasion is x + y= z. i dunno man. algebra sucks but until they take it off the needed for graduation list your stuck with it.
320038
The most important thing for you to know is your own mathematical skills.  You must know how to add, subtract, multiply, & divide.  NEVER be fully dependent on the machine!  You need to have a really good idea of what the total should be without the machine.  This is so that you can do it on your own in case the machine is broken or the power is out.
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You have THE NUMBER!\n\nhttp://search.barnesandnoble.com/booksearch/isbnInquiry.asp?z=y&isbn=0743270312&itm=2\n\nThis book asks what is the amount of money you need to put away to be financially free (or something to that effect). I havent read it yet but its on my list.\n\nI heard the question and my answer is 10 million. Invest it in riskless gov't bonds and you get half a mill to spend each year. Who needs that much, invest half or 1/3rd there and the rest in a value investing plan like found in this book:\n\nhttp://search.barnesandnoble.com/booksearch/isbnInquiry.asp?z=y&isbn=0471733067&itm=1\n\nAnd you are set for life!
624460
Well money is important in my life because as a student i have to pay a lot of money to attend school to aquire knowledge and without money I would not be able to aquire this knowledge.\n\nMoney also is important to me as it allows me to purchase books and pay for the internet which also allows me access to learning and knowledge.\n\nI hope that helps with your essay.
180281
Yes, mathematics are extensively used in computing.
60076
The most important thing is to convince yourself that all what is mathematics has an explanation, so you are SURELY able to understand it.\nIf you need more time, take your time, but never loose confidence in yourself, and try until you succeed in doing it.
516893
Fundamentals of Mathematical Economics -- Chang