Credit Risk : Pricing, Measurement, and Management
Author: Darrell Duffie, Kenneth J. Singleton
List Price: $65.00
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ISBN: 0691090467
Publisher: Princeton Univ Pr (06 January, 2003)
Sales Rank: 59,121
Average Customer Rating: 2.4 out of 5
Customer Reviews
Rating: 2 out of 5
Poor writers
The book covers all the relevant topics and provides a slightly different presentation of their own models. However, the book glosses over the mathematics and is written in a very stiff style. The authors have never been known as good writers but in this case they are not presenting anything new. Rather disappointing from two rather strong academics.
Rating: 1 out of 5
Unsatisfying compromise
It seems the authors attempted a compromise between theoretical and practical aspects - and failed at both. From a theoretical point of view, this book is missing the rigorous exposition these authors have been known for in their previous work. From a practical point of view, this book will be of no help to someone trying to implement any credit risk models. The numerous figures - probably added by the authors in a attempt to banish their reputation for texts that are extremely hard to read - do not help in this respect. Detailed descriptions or real examples that could be used for practical purposes are completely absent. There are better choices of credit risk books for both the theoretically and practically inclined.
Rating: 1 out of 5
Disappointing - Bits and pieces jotted together
This book is obviously a quick shot. It's bits and pieces taken from various articles: not one topic is covered right. If the authors had at least selected the most relevant results and formulas from the respective articles, but no, they chose to spray the text with the occasional formula, often irrelevant and seemingly arbitrarily selected, while formulas representing important results are completely missing. The authors might be famous - this book is not going to be. Similar Products
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