FQ là tổng hợp những bài viết ngắn của chính tôi, chia sẻ về kiến thức tài chính cơ bản theo một cách thú vị và dễ hiểu nhất có thể. Chỉ cần 1 phút, hàng ngày, hãy cùng tôi nâng cao chỉ số thông minh tài chính của bạn.
This book is the first 3 levels of 4-level FQ4WiseKids series and the 4th level is the 2nd book of the FQ4WiseKids subseries. In a growingly complex economic environment, people needs to develop financial intelligence in many ways. The best way to find an answer is by asking the right question. In the current market, there lacks a comprehensive book with organized knowledge for the daily financial needs in American life. The book meets the demand with a simple and clear Q&A structure. With its eleven subjects in two volumes, it helps people to clarify their needs and feed them with answers right away. All the answers are in layman's language to make it an easy and quick read. It shares with the readers the daily needs like mobile phones, credit cards, taxes, loans, to uncommon endeavors like entrepreneurship, finance, investment, insurance, and so on. Its seemingly small talk formats are perfect navigators for people coming to visit or live and try to find their way in all financial matters of the United States.
There’s no denying the importance of knowledge in today’s information age. There’s no denying the importance of money in today’s consumption age. The days of limited and assured-return investment options are history. The future belongs to the multitude but market-linked investment opportunities. You are very well aware that you need three things to grow a plant. Consumption too has seen a phenomenal explosion. Not only do we see many new models or varieties within the existing product range, but also innovative products coming into the markets quite regularly. Availability of finance also has not lagged behind. Getting loans at your door-step may appear normal to the today’s younger generation. However, their parents only know how impossible it was to get credit from banks to finance their need and desires. In fact, debt was not only unheard of but also a sacrilege. Today the attitudes have changed so much that borrowing money is considered quite normal. This whole host of investment, borrowing and spending avenues have turned the world of personal finance into a virtual mine-field. One right move and you could multiply your money. But one wrong move and you could end-up in a deep financial mess. Therefore, knowledge has become critical to both successful wealth creation and its management.In addition to IQ (Intelligence Quotient) and EQ (Emotional Quotient), you need to work upon your FQ (Financial Quotient) too. In this book I have covered many areas of your personal finance and endeavoured to present them in a unique and interesting manner. The essays have been divided into five categories viz. * Emotions – acquire mastery over emotional aspects * Elementary – it’s all about getting the basics right * Entertainment – learn with a bit of fun element * Education – discern new insights/insights into new products * Enquiry – get answers to some of your everyday queries I am quite hopeful that each of the articles would add value and improve your Financial Quotient, thereby making you more adept and financially savvy.
Now in widespread use, generalized additive models (GAMs) have evolved into a standard statistical methodology of considerable flexibility. While Hastie and Tibshirani's outstanding 1990 research monograph on GAMs is largely responsible for this, there has been a long-standing need for an accessible introductory treatment of the subject that also emphasizes recent penalized regression spline approaches to GAMs and the mixed model extensions of these models. Generalized Additive Models: An Introduction with R imparts a thorough understanding of the theory and practical applications of GAMs and related advanced models, enabling informed use of these very flexible tools. The author bases his approach on a framework of penalized regression splines, and builds a well-grounded foundation through motivating chapters on linear and generalized linear models. While firmly focused on the practical aspects of GAMs, discussions include fairly full explanations of the theory underlying the methods. Use of the freely available R software helps explain the theory and illustrates the practicalities of linear, generalized linear, and generalized additive models, as well as their mixed effect extensions. The treatment is rich with practical examples, and it includes an entire chapter on the analysis of real data sets using R and the author's add-on package mgcv. Each chapter includes exercises, for which complete solutions are provided in an appendix. Concise, comprehensive, and essentially self-contained, Generalized Additive Models: An Introduction with R prepares readers with the practical skills and the theoretical background needed to use and understand GAMs and to move on to other GAM-related methods and models, such as SS-ANOVA, P-splines, backfitting and Bayesian approaches to smoothing and additive modelling.
An Introduction to Stochastic Modeling provides information pertinent to the standard concepts and methods of stochastic modeling. This book presents the rich diversity of applications of stochastic processes in the sciences. Organized into nine chapters, this book begins with an overview of diverse types of stochastic models, which predicts a set of possible outcomes weighed by their likelihoods or probabilities. This text then provides exercises in the applications of simple stochastic analysis to appropriate problems. Other chapters consider the study of general functions of independent, identically distributed, nonnegative random variables representing the successive intervals between renewals. This book discusses as well the numerous examples of Markov branching processes that arise naturally in various scientific disciplines. The final chapter deals with queueing models, which aid the design process by predicting system performance. This book is a valuable resource for students of engineering and management science. Engineers will also find this book useful.
The world of quantitative finance (QF) is one of the fastest growing areas of research and its practical applications to derivatives pricing problem. Since the discovery of the famous Black-Scholes equation in the 1970's we have seen a surge in the number of models for a wide range of products such as plain and exotic options, interest rate derivatives, real options and many others. Gone are the days when it was possible to price these derivatives analytically. For most problems we must resort to some kind of approximate method. In this book we employ partial differential equations (PDE) to describe a range of one-factor and multi-factor derivatives products such as plain European and American options, multi-asset options, Asian options, interest rate options and real options. PDE techniques allow us to create a framework for modeling complex and interesting derivatives products. Having defined the PDE problem we then approximate it using the Finite Difference Method (FDM). This method has been used for many application areas such as fluid dynamics, heat transfer, semiconductor simulation and astrophysics, to name just a few. In this book we apply the same techniques to pricing real-life derivative products. We use both traditional (or well-known) methods as well as a number of advanced schemes that are making their way into the QF literature: Crank-Nicolson, exponentially fitted and higher-order schemes for one-factor and multi-factor options Early exercise features and approximation using front-fixing, penalty and variational methods Modelling stochastic volatility models using Splitting methods Critique of ADI and Crank-Nicolson schemes; when they work and when they don't work Modelling jumps using Partial Integro Differential Equations (PIDE) Free and moving boundary value problems in QF Included with the book is a CD containing information on how to set up FDM algorithms, how to map these algorithms to C++ as well as several working programs for one-factor and two-factor models. We also provide source code so that you can customize the applications to suit your own needs.
Since the publication of its first edition, this book has served as one of the few available on the classical Adams spectral sequence, and is the best account on the Adams-Novikov spectral sequence. This new edition has been updated in many places, especially the final chapter, which has been completely rewritten with an eye toward future research in the field. It remains the definitive reference on the stable homotopy groups of spheres. The first three chapters introduce the homotopy groups of spheres and take the reader from the classical results in the field though the computational aspects of the classical Adams spectral sequence and its modifications, which are the main tools topologists have to investigate the homotopy groups of spheres. Nowadays, the most efficient tools are the Brown-Peterson theory, the Adams-Novikov spectral sequence, and the chromatic spectral sequence, a device for analyzing the global structure of the stable homotopy groups of spheres and relating them to the cohomology of the Morava stabilizer groups. These topics are described in detail in Chapters 4 to 6. The revamped Chapter 7 is the computational payoff of the book, yielding a lot of information about the stable homotopy group of spheres. Appendices follow, giving self-contained accounts of the theory of formal group laws and the homological algebra associated with Hopf algebras and Hopf algebroids. The book is intended for anyone wishing to study computational stable homotopy theory. It is accessible to graduate students with a knowledge of algebraic topology and recommended to anyone wishing to venture into the frontiers of the subject.
This book was prepared mainly for specialists on the assumption that it would provide the background to an important neglected field of discussion in public finance. Since it was first published in 1958, the theory of public goods and its implications for public policy have become incorporated in the main body of the economic analysis of public finance in the literature. A glance at the footnotes of some of the standard textbooks on public finance indicates that this assembly of articles has not been in vain. Probably the most influential part of this collection has been the papers concerned with the theory of public expenditure, which contains two closely related elements. The first is as a part of welfare economics: under what conditions can Pareto optimality be achieved in an economic system in which some goods supplied are indivisible? The other strand of thought is concerned with the positive theory of the public sector: how can economic analysis be used in order to explain how the size and composition of the budget is actually determined?