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Author: Bruce N. Lehmann
Publisher: Oxford University Press
ISBN: 0195168364
Category : Business & Economics
Languages : en
Pages : 319
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Book Description
Fischer Black was a remarkable social scientist, one whose contributions range from the lofty perch of highbrow theory to the trenches of practical application. The papers represented in this work span the same range, the contributions of a remarkable array of financial economists who embody in different ways Fischer's ideal of insight from economic theory that both guides and is rooted in the kind of detailed observation of relevant aspects of actual financial markets. It is hoped that readers find this volume to be both a fitting tribute and a stimulus to further research. After all, the advancement of economic science remained a constant goal throughout Fischer's remarkable career in the many and disparate venues in which he plies his trade.
Author: Bruce N. Lehmann
Publisher: Oxford University Press
ISBN: 0195168364
Category : Business & Economics
Languages : en
Pages : 319
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Book Description
Fischer Black was a remarkable social scientist, one whose contributions range from the lofty perch of highbrow theory to the trenches of practical application. The papers represented in this work span the same range, the contributions of a remarkable array of financial economists who embody in different ways Fischer's ideal of insight from economic theory that both guides and is rooted in the kind of detailed observation of relevant aspects of actual financial markets. It is hoped that readers find this volume to be both a fitting tribute and a stimulus to further research. After all, the advancement of economic science remained a constant goal throughout Fischer's remarkable career in the many and disparate venues in which he plies his trade.
Author: Perry Mehrling
Publisher: John Wiley & Sons
ISBN: 1118287630
Category : Business & Economics
Languages : en
Pages : 402
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Book Description
praise for FISCHER BLACK AND THE REVOLUTIONARY IDEA OF FINANCE "The story of Fischer Black. . . . is remarkable both because of the creativity of the man and because of the revolution he brought to Wall Street. . . . Mehrling's book is fascinating." FINANCIAL TIMES "A fascinating history of things we take for granted in our everyday financial lives." THE NEW YORK TIMES "Mehrling's book is essential reading for anyone interested in the development of modern finance or the life of an idiosyncratic creative genius." PUBLISHERS WEEKLY "Fischer Black was more than a vital force in the development of finance theory. He was also a character. Perry Mehrling has captured both sides of the picture: the evolution of thinking about the pricing of risk and time, as well as the thinkers, especially this fascinating eccentric, who worked it out." ROBERT M. SOWLO, Nobel laureate and Institute Professor of Economics, Emeritus, Massachusetts Institute of Technology "Although I worked closely with Fischer for nine years at Goldman Sachs and clearly recognized both his genius and the breadth and originality of his ideas, until I read this book, I had only the vaguest grasp of the source of his inspiration and no understanding at all of the source of his many idiosyncrasies." BOB LITTERMAN, Partner, Kepos Capital "Perry Mehrling has done a remarkable job of tracing the intellectual and personal development of one of the most original and complex thinkers of our generation. Fischer Black deserved it: a charming and brilliant book about a charming and brilliant man." ROBERT E. LUCAS JR., Nobel laureate and Professor of Economics, The University of Chicago
Author: Simone Polillo
Publisher: Cornell University Press
ISBN: 1501750399
Category : Business & Economics
Languages : en
Pages : 202
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Book Description
The Ascent of Market Efficiency weaves together historical narrative and quantitative bibliometric data to detail the path financial economists took in order to form one of the central theories of financial economics—the influential efficient-market hypothesis—which states that the behavior of financial markets is unpredictable. As the notorious quip goes, a blindfolded monkey would do better than a group of experts in selecting a portfolio of securities, simply by throwing darts at the financial pages of a newspaper. How did such a hypothesis come to be so influential in the field of financial economics? How did financial economists turn a lack of evidence about systematic patterns in the behavior of financial markets into a foundational approach to the study of finance? Each chapter in Simone Polillo's fascinating meld of economics, science, and sociology focuses on these questions, as well as on collaborative academic networks, and on the values and affects that kept the networks together as they struggled to define what the new field of financial economics should be about. In doing so, he introduces a new dimension—data analysis—to our understanding of the ways knowledge advances. There are patterns in the ways knowledge is produced, and The Ascent of Market Efficiency helps us make sense of these patterns by providing a general framework that can be applied equally to other social and human sciences.
Author: C. Read
Publisher: Springer
ISBN: 1137026146
Category : Business & Economics
Languages : en
Pages : 199
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Book Description
The third book in the Great Minds in Finance series examines the pricing of securities and the risk/reward trade off through the legends, contribution, and legacies of Jacob Marschak, William Sharpe, Fischer Black and Myron Scholes, and Robert Merton, influencing both theory and practice, answering the question 'how do we measure risk?'
Author: George Szpiro
Publisher:
ISBN: 0465022480
Category : Business & Economics
Languages : en
Pages : 322
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Book Description
Financial economist Szpiro tells the fascinating stories of the pioneers of mathematical finance who conducted the search for the elusive options pricing formula. "Pricing the Future" retraces the historical and intellectual developments that ultimately led to the widespread use of mathematical models to drive investment strategies on Wall Street.
Author: Glenn Shafer
Publisher: John Wiley & Sons
ISBN: 0470903058
Category : Business & Economics
Languages : en
Pages : 480
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Book Description
Game-theoretic probability and finance come of age Glenn Shafer and Vladimir Vovk’s Probability and Finance, published in 2001, showed that perfect-information games can be used to define mathematical probability. Based on fifteen years of further research, Game-Theoretic Foundations for Probability and Finance presents a mature view of the foundational role game theory can play. Its account of probability theory opens the way to new methods of prediction and testing and makes many statistical methods more transparent and widely usable. Its contributions to finance theory include purely game-theoretic accounts of Ito’s stochastic calculus, the capital asset pricing model, the equity premium, and portfolio theory. Game-Theoretic Foundations for Probability and Finance is a book of research. It is also a teaching resource. Each chapter is supplemented with carefully designed exercises and notes relating the new theory to its historical context. Praise from early readers “Ever since Kolmogorov's Grundbegriffe, the standard mathematical treatment of probability theory has been measure-theoretic. In this ground-breaking work, Shafer and Vovk give a game-theoretic foundation instead. While being just as rigorous, the game-theoretic approach allows for vast and useful generalizations of classical measure-theoretic results, while also giving rise to new, radical ideas for prediction, statistics and mathematical finance without stochastic assumptions. The authors set out their theory in great detail, resulting in what is definitely one of the most important books on the foundations of probability to have appeared in the last few decades.” – Peter Grünwald, CWI and University of Leiden “Shafer and Vovk have thoroughly re-written their 2001 book on the game-theoretic foundations for probability and for finance. They have included an account of the tremendous growth that has occurred since, in the game-theoretic and pathwise approaches to stochastic analysis and in their applications to continuous-time finance. This new book will undoubtedly spur a better understanding of the foundations of these very important fields, and we should all be grateful to its authors.” – Ioannis Karatzas, Columbia University
Author: Paul Hockenos
Publisher: Oxford University Press
ISBN: 0195181832
Category : Biography & Autobiography
Languages : en
Pages : 395
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Book Description
Over the course of his long and controversial career, Joschka Fischer evolved from an archetypal 1960s radical--a firebrand street activist--into a shrewd political insider, operating at the heights of German politics. In the 1980s he was one of the first elected Greens and went on to become Germany's foreign minister from 1998 to 2005. His famous challenge to Donald Rumsfeld's case for invading Iraq--"Excuse me, I am not convinced"--won him worldwide recognition, and the Bush administration's contempt.Here is both a lively biography of Joschka Fischer and a gripping history 'from below'of postwar Germany. Paul Hockenos begins in the ruins of postwar Germany and guides us through the flashpoints of the late sixties and seventies, from the student protests and the terrorism of the Baader-Meinhof group to the evolution of Europe's premier Green party, and brings us up to the present in the united Germany. He shows how the grassroots movements that became the German Greens challenged and changed the republic's status quo, making postwar Germany more democratic, liberal and worldly along the way. Despite the ideological twists and turns of Fischer and his peers, the lessons of the Holocaust and the Nazi terror remained their constant coordinates. Hockenos traces that political journey, providing readers with unique insight into the impact that these movements and the Greens have had on Germany.Informed by hundreds of interviews with key figures and fellow travelers, Joschka Fischer and the Making of the Berlin Republic presents readers with one of the most intriguing personalities on the European scene, and paints a rich picture of the rebellious generation of 1968 that became the political elite of modern Germany.
Author: James Owen Weatherall
Publisher: Houghton Mifflin Harcourt
ISBN: 0547317271
Category : Business & Economics
Languages : en
Pages : 309
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Book Description
A young scholar tells the story of the physicists and mathematicians who created the models that have become the basis of modern finance and argues that these models are the "solution" to--not the source of--our current economic woes.
Author: Kevin D. Hoover
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 492
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Book Description
Author:
Publisher:
ISBN:
Category : Investment analysis
Languages : en
Pages : 428
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Book Description
