Derivatives: An Introduction

Excellent book. I disagree with the previous reviewer. I believe it is well written. Remember this is a text book, and part of the author's goal is to get the reader (student) to think. The author's style is somewhat informal and conversational, which I think makes it easier to read and comprehend. Also, unlike Hull's text, this book presents a unique binomial pricing methodology which is more intuitive (and clever). Perfectly suited for general MBA students looking for an introduction to derivatives.

This is a really good book for those who have no background in equity derivatives. It explains in a very concise and understandable layman's terms. Thank goodness for this book. It was recommended from my class instructor.