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3018 10
2011-02-15
I am going to take MFE in May 2011

Is it OK if I use ASM 7th edition? Or must I switch to ASM 8th edition (which is newest version)?

Is there a lot of changes between them?

Urgent!

Thanks
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2011-2-15 14:35:12
我也想知道, 期待大家的意见
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2011-2-15 22:00:05
No. Just read the MFE syllabus and found no big changes. To pass should not be a problem (if you do 7ed thoroughly, of course).
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2011-2-15 23:01:01
3# joysun_10

Do you have any suggestion on MFE?

Because most common voice is "hard,difficult and fail"

thanks a lot
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2011-2-15 23:40:12
4# 精算者66 um......I don't know.....I personally didn't find MFE a hard one...instead I found it most interesting...
People say it's difficult probably because problems of MFE are often tricky, not straight-forward formula applications like MLC or FM. So if you FULLY understand all the concepts, not just memorizing them, you should be fine. I found deriving formulas (Ex. option-pricing, closed-form solutions of different SDEs) myself a good practice when I learned this course. Unfortunately, you can't find them in manuals.
I would say Shreve's Stochastic Calculus for Finance II is a good reference book (I won't suggest reading McDonald's Derivatives Markets. It's notorious for many mistakes. And you only have a few months). But if your goal is only a pass, then doing manual is more than enough.
Good luck.
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2011-2-16 04:04:10
thanks for sharing the experience. Very useful
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