This is an excellent book to grasp the basics of financial risk management. Everything in the book is explained from … Financial Risk Management includes 2 new chapters. The first chapter is on Bayesian Analysis and covers Bayes' Theorem, Many …

financial topic, discount factors. Emphasis will be given to the specific aspects of these topics that are most relevant to risk … management. In chapter 2, the author explores the application of probabilities to risk management. There is also an introduction … intervals and hypothesis testing. For risk management, these are possibly the two most important concepts in statistics. Chapter …