Rating: 
Summary: A Must Read for all Quants
Review: I had to add another star to this book because of my ignorance on the source code availability.
Rating:
Summary: Source code is available after all.
Review: I had to add another star to this book because of my ignorance on the source code availability.
Rating: 
Summary: A great challenge to C++ programmers.
Review: I love this book. It by far exceeds any attempt by other authors who have tried to write a programming book for financial models. I like this book because it was written with a tool that most people do not use and forces you to try compilations on other compilers. One drawback I have is that the source code is not included and that is why there are four stars and not five. If you are going to write a book that has software the examples have to be easily available. I just don't get it why these financial guys have such a hard time with this.
Rating:
Summary: A great challenge to C++ programmers.
Review: I love this book. It by far exceeds any attempt by other authors who have tried to write a programming book for financial models. I like this book because it was written with a tool that most people do not use and forces you to try compilations on other compilers. One drawback I have is that the source code is not included and that is why there are four stars and not five. If you are going to write a book that has software the examples have to be easily available. I just don't get it why these financial guys have such a hard time with this.
Rating: 
Summary: Inefficient
Review: If one merely times (cpu time) the binomial lattice implementation found in this book (the simplest option pricing model imaginable!), one will quickly see why this book is no more efficient than it is valuable, for code that is roughly twenty times slower than code that simply avoids such practices as unecessarily calling the "pow()" function* is code wrought via hodgepodge and not innovation. But in all fairness it provides a vast index of necessary functions for those taking courses in computational finance, i.e., it is well suited for use in an academic, non-professional setting, where efficiency is secondary in most users' desirata. And of course it's always possible to find ways to speeden things up onself. However, do not expect the book to cultivate -- whatsoever -- ways to make things faster; by necessity then, expect it to cultivate ways to make things slower. *it is considerably faster say to evaluate x*x than it is pow(x,2).
Rating: 
Summary: Note to Visual Studio users: but no rating yet
Review: If you are a Microsoft Visual Studio user, beware. This book is written with Borland C++ Builder users in mind, and this fact should be made more clear from the outset. It will be difficult to use for those working on a Visual C++ or Unix environment.
Rating:
Summary: Code Available
Review: If you have shopped around you may be aware that this is one of the only books available that is dedicated to pricing derivatives using C++. Perhaps like me as a student of Pure and Applied Mathematics you have wondered why all those Financial Engineering grad schools are pushing so hard for C++.
You can expect that this book will introduce you to a set of traditional algorithms for option pricing at a basic level. It will be helpful if you already know standard C++, and also if you have seen mathematical models of what is being implemented here.
Rating:
Summary: Best Available
Review: If you have shopped around you may be aware that this is one of the only books available that is dedicated to pricing derivatives using C++. Perhaps like me as a student of Pure and Applied Mathematics you have wondered why all those Financial Engineering grad schools are pushing so hard for C++.
You can expect that this book will introduce you to a set of traditional algorithms for option pricing at a basic level. It will be helpful if you already know standard C++, and also if you have seen mathematical models of what is being implemented here.
The bottom line is that this is the best available book dedicated to this subject of derivative pricing and C++. If it is not written in your favourite compiler, just be thankful it isn't written in Java. If you cannot convert the source code, which Dr. Brooks will provide upon request, then you probably won't get in to grad school.
Rating:
Summary: great book
Review: One of the best books in the market. I enjoyed reading it.
Rating:
Summary: great book
Review: One of the best books in the market. I enjoyed reading it.
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