Physics of Finance. Kirill Ilinski. ∗. IPhys Group, CAPE, th line of Vasilievskii’s Island, St-Petersburg, , Russian Federation. School of Physics and. Subjects: High Energy Physics – Theory (hep-th); Statistical Mechanics (cond-mat .stat-mech); High Energy From: Kirill N. Ilinski [view email]. Kirill Ilinski is a Russian born British businessman and scientist. He is the founder and Chief Investment Officer of Fusion Asset Management and the author of “ Physics of Finance: Gauge Modelling in Non-Equilibrium Pricing”.

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Physics of Finance

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All in all, this is a very readable work for anyone who understands the basics of Black-Sholes and appreciates finamce math behind stochastic differential equations. Kirill is credited as the jirill of The Shock Absorber Fee SAFe[3] a special compensation structure aimed to reduce the systemic risks involved in hedge funds. Retrieved 19 July Description One of the newest and most controversial approaches to financial pricing.

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The author presented several valid points which challenge the established financial economics. Customers who bought this item also bought.

I am not sure whether his fiber bundle theory is “more correct and more useful” than the existing phhysics theories it might be though, I am currently still reading the bookbut certainly the author has laid out his theory on a solid footing. Amazon Rapids Fun stories for kids on the go. The framework he is proposing is new and interesting. The Physics of Wall Street: I was put off initially by his references to Peters writings on chaos and the markets because Peters doesn’t understand nonlnear dynamics.


The eventual discussions of models near and not so near equilibrium leave out most of the finer the details but give the reader just enough to re-derive the coupled stochastics equations. Without doubt a great triumph for the gauge theory of all things.

He spent five years as a Research Fellow in the School phtsics Physics at the University of Birmingham, where he became interested in applications of methods of theoretical physics to financial economics, and attracted the attention of both financial researchers and practitioners by introducing gauge modelling of asset prices out of equilibrium.

Physics of Finance: Gauge Modelling in Non-Equilibrium Pricing

Wiley; 1 edition February 15, Language: Amazon Inspire Digital Educational Resources. The theory is beautiful and the ramificatons are many. This book couldprove to be finajce pivotal publication as the next generation oftraders and financial engineers begin the search for the nextsignificant stage in modern finance.

Ilinski offers a new vision of the finance based on the method of physics. This is the ‘new order’, maybe.


Saint PetersburgRussia. Review “Illinski’s book is well written and well finnance I believe Ilinski has done a good job to make me look at the financial economics from a very different point of view.

Physics Of Finance by Ilinski, Kirill

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By using this site, you agree to the Terms of Use and Finnce Policy. In Physics of Finance, basic assumptions underlying equilibriumpricing are re-examined, the risk factors hidden in theimplications of equilibrium theory and the potential profit inunstable markets are discussed and gauge modelling is introduced.

The detailed derivation for the non-equilibrium model needs expansion, IMHO. In Physics of Finance the author applies the methods of theoretical physics to financial economics to develop an altogether original method for pricing financial assets that steps outside the equilibrium paradigm in finance.