by Philippe Jorion (Author), GARP (Global Association of Risk Professionals) (Author) "An investor considers a zero-coupon bond that pays $100 in 10 years..." 

　　Phillipe Jorion, PhD, MBA (Irvine, CA) is a Professor of Finance at the Graduate School of Management at UC Irvine. He has also taught at Columbia University, Northwestern University, the University of Chicago, and the University of British Columbia. The Global Association of Risk Professionals (GARP) oversees the FRM(r) Certification Program and is the leading association for risk professionals, with over 55,000 members worldwide.

Schaum's Outline of Probability and Statistics

　　by Murray R Spiegel (Author), John J. Schiller (Author), R. Alu Srinivasan (Author)
　Book Description
　　Selling over 220,000 copies in its first edition, Schaum's Outline of Probability and Statistics has become a vital resource for the more than 977,000 college students who enroll in related probability and statistics courses each year. Its big-picture, calculus-based approach makes it an especially authoriatative reference for engineering and science majors. Now thoroughly update, this second edition includes vital new coverage of order statistics, best critical regions, likelihood ratio testsChapters include:

by Philippe Jorion (Author)

　Book Description

　　Since its original publication, Value at Risk has become the industry standard in risk management. Now in its Third Edition, this international bestseller addresses the fundamental changes in the field that have occurred across the globe in recent years. Philippe Jorion provides the most current information needed to understand and implement VAR-as well as manage newer dimensions of financial risk. Featured updates include:

◎ An increased emphasis on operational risk
◎ Using VAR for integrated risk management and to measure economic capital
◎ Applications of VAR to risk budgeting in investment management
◎ Discussion of new risk-management techniques, including extreme value theory, principal components, and copulas
◎ Extensive coverage of the recently finalized Basel II capital adequacy rules for commercial banks, integrated throughout the book

　　A major new feature of the Third Edition is the addition of short questions and exercises at the end of each chapter, making it even easier to check progress. Detailed answers are posted on the companion web site www.pjorion.com/var/. The web site contains other materials, including additional questions that course instructors can assign to their students.

　　Jorion leaves no stone unturned, addressing the building blocks of VAR from computing and backtesting models to forecasting risk and correlations. He outlines the use of VAR to measure and control risk for trading, for investment management, and for enterprise-wide risk management. He also points out key pitfalls to watch out for in risk-management systems.

　　The value-at-risk approach continues to improve worldwide standards for managing numerous types of risk. Now more than ever, professionals can depend on Value at Risk for comprehensive, authoritative counsel on VAR, its application, and its results-and to keep ahead of the curve.

　　Philippe Jorion is a professor of finance at the University of California, Irvine. Editor in chief of the Journal of Risk, Jorion is a consultant to institutions including PIMCO, the World Bank, AIMR, the Federal Reserve, and the United Nations.