Title: Copied Equations
Product review: Wilmott seems to have copied theoretical derivations using partial differential equations and matrix multiplication symbols. The only examples in the book use basic algebra, so it seems as if the authors don't understand how to apply theory to practice except in the most simple cases.This book is irritatingly bad. Terms are not well defined. There are no concrete examples following the derivations as if the authors don't understand the meaning of the equations.The information on options seems to have been copied from the many derivatives dictionaries available on the web. It's clear the authors don't know how to apply the math to price these options. It seems their understanding is equivalent to that of a parrot.
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