Author: Jonathan E. Ingersoll Publisher: Rowman & Littlefield ISBN: 9780847673599 Category : Finance Languages : en Pages : 506
Book Description
Based on courses developed by the author over several years, this book provides access to a broad area of research that is not available in separate articles or books of readings. Topics covered include the meaning and measurement of risk, general single-period portfolio problems, mean-variance analysis and the Capital Asset Pricing Model, the Arbitrage Pricing Theory, complete markets, multiperiod portfolio problems and the Intertemporal Capital Asset Pricing Model, the Black-Scholes option pricing model and contingent claims analysis, 'risk-neutral' pricing with Martingales, Modigliani-Miller and the capital structure of the firm, interest rates and the term structure, and others.
Author: Jonathan E. Ingersoll Publisher: Rowman & Littlefield ISBN: 9780847673599 Category : Finance Languages : en Pages : 506
Book Description
Based on courses developed by the author over several years, this book provides access to a broad area of research that is not available in separate articles or books of readings. Topics covered include the meaning and measurement of risk, general single-period portfolio problems, mean-variance analysis and the Capital Asset Pricing Model, the Arbitrage Pricing Theory, complete markets, multiperiod portfolio problems and the Intertemporal Capital Asset Pricing Model, the Black-Scholes option pricing model and contingent claims analysis, 'risk-neutral' pricing with Martingales, Modigliani-Miller and the capital structure of the firm, interest rates and the term structure, and others.
Author: Leonard C. MacLean Publisher: World Scientific ISBN: 9814417351 Category : Business & Economics Languages : en Pages : 941
Book Description
This handbook in two parts covers key topics of the theory of financial decision making. Some of the papers discuss real applications or case studies as well. There are a number of new papers that have never been published before especially in Part II.Part I is concerned with Decision Making Under Uncertainty. This includes subsections on Arbitrage, Utility Theory, Risk Aversion and Static Portfolio Theory, and Stochastic Dominance. Part II is concerned with Dynamic Modeling that is the transition for static decision making to multiperiod decision making. The analysis starts with Risk Measures and then discusses Dynamic Portfolio Theory, Tactical Asset Allocation and Asset-Liability Management Using Utility and Goal Based Consumption-Investment Decision Models.A comprehensive set of problems both computational and review and mind expanding with many unsolved problems are in an accompanying problems book. The handbook plus the book of problems form a very strong set of materials for PhD and Masters courses both as the main or as supplementary text in finance theory, financial decision making and portfolio theory. For researchers, it is a valuable resource being an up to date treatment of topics in the classic books on these topics by Johnathan Ingersoll in 1988, and William Ziemba and Raymond Vickson in 1975 (updated 2 nd edition published in 2006).
Author: Jay L. Schofield Publisher: CreateSpace ISBN: 9781516924028 Category : Languages : en Pages : 100
Book Description
This updated and expanded second edition of the Theory of Financial Decision Making provides a user-friendly introduction to the subject, Taking a clear structural framework, it guides the reader through the subject's core elements. A flowing writing style combines with the use of illustrations and diagrams throughout the text to ensure the reader understands even the most complex of concepts. This succinct and enlightening overview is a required reading for all those interested in the subject . We hope you find this book useful in shaping your future career & Business. Feel free to send us your inquiries related to our publications to [email protected]
Author: Leonard C MacLean Publisher: World Scientific Publishing Company ISBN: 9814759368 Category : Languages : en Pages : 212
Book Description
This book consists of invaluable introductions, tutorials and problems which are helpful for teaching purposes and have a very broad appeal and usage. The problems cover many aspects of static and dynamic portfolio theory as well as other important subjects such as arbitrage and asset pricing, utility theory, stochastic dominance, risk aversion and static portfolio theory, risk measures, dynamic portfolio theory and asset allocation. This material could be used with important books that cover these topics including MacLean-Ziemba's The Handbook of the Fundamentals of Financial Decision Making, and Ziemba-Vickson's Stochastic Optimization Models in Finance.
Author: Eddie McLaney Publisher: Pearson Education ISBN: 9780273702627 Category : Business enterprises Languages : en Pages : 544
Book Description
Now in its 7th edition, Business Finance is an essential introduction to financial decision making in businesses. Taking a user's perspective it explores the type of investments a business should make and how they should be financed, and successfully blends the theoretical, analytical and practical aspects of finance and investment. This new edition of Business Finance has a real-world flavour, exploring the theories surrounding financial decision making and relating these theories to what happens in the real world. Key Features include: an extensive range of real world examples; solid theoretical underpinning in an easily accessible form; excellent blend of theory and practice offering a comprehensive insight into the decision making process within finance and investment; exploration into, and explanation of, any divergence between theory and practice; comprehensive coverage of the latest international issues;
Author: Aman Khan Publisher: Greenwood Publishing Group ISBN: 9781567206258 Category : Finance, Public Languages : en Pages : 292
Book Description
To have a clear picture of developments in public financial management, a multidimensional perspective of the field is needed, since governments--unlike for-profit organizations-- serve multiple and often conflicting interests. This book provides this dynamic approach by integrating insights from economics, business, and political science. Written by some of the leading scholars in the field, this collection presents eleven chapters that run the gamut of public financial management issues. Topics include: Transaction costs in contractual relationships; Uncertain conditions and probability assessment in the bond market; Rational choice and the institutional framework in public investment decision; E-Government financial management models; Budget balance as the building block of public financial strategy. Together the contributors present a robust framework for understanding and analyzing financial decision making in the public sector.
Author: Hendrik-Sebastian Schmitz Publisher: GRIN Verlag ISBN: 3656383782 Category : Business & Economics Languages : en Pages : 53
Book Description
Master's Thesis from the year 2012 in the subject Economics - Other, grade: 1,3, University of Münster (Institut für Siedlungs- und Wohnungswesen), language: English, abstract: Behavioral economics is a relatively young subdiscipline of economics that has garnered a noticeable amount of attention especially over the last two decades. It seeks to utilize findings from other scientific fields, especially psychology, in order to enhance the plausibility of neo-classical (mainstream) economic models without replacing or abandoning them . The inclusion of psychology into economic thinking is nothing new, however. Instead, it can be traced back to the period of the classical economists of the 18th century. While lacking the rigorous formal approach of today ́s behavioral economists, the conception of the human nature and human decision making was surprisingly sophisticated at the time. For instance, time-inconsistent preferences, which are an important aspect of behavioral economics, have already been examined by David Hume and Adam Smith . Other phenomena, including loss aversion and overconfidence, have also been discussed by classical economists. This thesis has the following structure: Chapter 2 explains a general, quite powerful model of dynamically inconsistent preferences. Special emphasis is placed on real-life examples as well as welfare analysis, including political implications. As we move along, we will constantly compare our findings to the results we would obtain from the neoclassical paradigm. The next two chapters take a closer look at time inconsistencies in the realm of financial decision making. We will examine the behavior of individuals regarding credit card debt in chapter 3, which will require the introduction of another model that is more specifically tailored towards the credit card market. However, the foundations laid out in chapter 2 will be helpful in understanding this second model of inconsistency. Chapter 3 will also discuss recent legislation in credit card markets in the US. In chapter 4, we discuss retirement savings decisions, specifically in the context of the 401(k) retirement plan . After having introduced two models already that explain how people and companies act in certain situations, in the chapter we will discuss several behavioral phenomena that help us explain the motivation behind the decisions of individuals. We will assess the costs and benefits of government interference into the market and the possible measures that might improve the market outcome. Chapter 5 concludes and discusses interesting questions that might be examined further in the future.
Author: Lucy Ackert Publisher: Cengage Learning ISBN: 1111781672 Category : Business & Economics Languages : en Pages : 432
Book Description
Now you can offer your students a structured, applied approach to behavioral finance with the first academic text of its kind--Ackert/Deaves' BEHAVIORAL FINANCE: PSYCHOLOGY, DECISION MAKING, AND MARKETS. This comprehensive text--ideal for your behavioral finance elective-- links finance theory and practice to human behavior. The book begins by building upon the established, conventional principles of finance that students have already learned in their principles course. The authors then move into psychological principles of behavioral finance, including heuristics and biases, overconfidence, emotion and social forces. Students learn how human behavior influences the decisions of individual investors and professional finance practitioners, managers, and markets. Your students gain a strong understanding of how social forces impact people's choices. The book clearly explains what behavioral finance indicates about observed market outcomes as well as how psychological biases potentially impact the behavior of managers. Students learn the implications of behavioral finance on retirement, pensions, education, debiasing, and client management. This book is unique as it spends a significant amount of time examining how behavioral finance can be used effectively by practitioners today. The book's solid academic approach provides opportunities for students to utilize theory and complete applications in every chapter. A wide variety of end-of-chapter exercises, discussion questions, simulations and experiments reinforce the book's applied approach, while useful instructor supplements ensure you have the resources to clearly present theories of behavioral finance and their applications. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
Author: Jonathan E. Ingersoll
Author: Jonathan E. Ingersoll
Author: Leonard C. MacLean
Author: Jay L. Schofield
Author: ANDERSON WEBSTER
Author: Leonard C MacLean
Author: Eddie McLaney
Author: Aman Khan
Author: Avery Berlow Cohan
Author: Hendrik-Sebastian Schmitz
Author: Lucy Ackert