From the reviews of the third edition:
“This book provides an excellent introduction to the tools from probability and statistics necessary to
analyze financial data. Clearly written and accessible, it will be very useful to students and practitioners alike”
Yacine Ait-Sahalia, Otto Hack 1903 Professor of Finance and Economics, Princeton University
“This is a well-written book on statistical aspects of finance, which starts from definitions of basic financial instruments and then develops both old and latest models and methods … . There is a very good coverage of stochastic volatility through GARCH models, bringing out both its strength, and weakness in the non-stationary case. … Discussions of most models and their assessment are supported with real data. … the style of writing is clear, precise, and rigorous.” (Jayanta K. Ghosh, International Statistical Review, Vol. 80 (3), 2012)