Bics 4 Derivatives : Theory

Check the author's blog at: http://kongtcheu.blogspot.com/ for more explanations, insights & relevance to current affairs Introductory material on BICs is available at: http://knol.google.com/k/phil-kongtcheu/introduction-to-basis-instruments/ This volume introduces the reader to the proto-probabilistic concept of BICs, a new paradigm in dynamic systems and decision sciences analysis in the most appropriate framework of financial derivatives. Globally, the major contribution of this book is the analytic framework it introduces, develops and the rationale behind it. It represents a major departure from the stochastic process approach as major tool for randomly fluctuating systems analysis of the past century. This approach widens the scope of analysis while at the same time practically simplifying real life problems.