Prospect Theory
| Author | : Daniel Kahneman |
| Publisher | : |
| Total Pages | : 27 |
| Release | : 1979 |
| Genre | : Utility theory |
| ISBN | : |
A Conceptual Foundation For The Theory Of Risk Aversion
Download A Conceptual Foundation For The Theory Of Risk Aversion full books in PDF, epub, and Kindle. Read online free A Conceptual Foundation For The Theory Of Risk Aversion ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Foundations for Financial Economics
| Author | : Chi-fu Huang |
| Publisher | : |
| Total Pages | : 394 |
| Release | : 1988 |
| Genre | : Business & Economics |
| ISBN | : |
Based on formal derivations of financial theory, this volume provides a rigorous exploration of individual's consumption and portfolio decisions under uncertainty. Features in-depth coverage of such topics as: concepts of risk aversion and stochastic dominance; mathematical properties of a portfolio frontier; distributional conditions for mutual fund separation; capital asset pricing models and arbitrage pricing models; general pricing rules for securities that pay off in more than one state of nature; the pricing of options; rational expectation models of risky asset prices; signaling models; how multiperiod dynamic economies can be modeled; a multiperiod economy with emphasis on valuation by arbitrage; econometric issues associated with testing capital asset pricing models.
Risk attitude & Economics
| Author | : Laura Concina |
| Publisher | : FonCSI |
| Total Pages | : 55 |
| Release | : 2014-05-01 |
| Genre | : Technology & Engineering |
| ISBN | : |
This document is an introduction, for non-economists, to standard and behavioral economic theories of risk and uncertainty. It describes some broadly-accepted results in economics that are determinant in decision-making under risk or uncertainty and in situations where we have to deal with losses and gains. To illustrate this point, the document presents a selection of theoretical results, ponctuated with examples taken from everyday life, and research studies in economics and psychology on the perception of risk.
Risk, Uncertainty and Profit
| Author | : Frank H. Knight |
| Publisher | : Cosimo, Inc. |
| Total Pages | : 401 |
| Release | : 2006-11-01 |
| Genre | : Business & Economics |
| ISBN | : 1602060053 |
A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.
Risk Profiling and Tolerance: Insights for the Private Wealth Manager
| Author | : Joachim Klement |
| Publisher | : CFA Institute Research Foundation |
| Total Pages | : 150 |
| Release | : 2018-05-01 |
| Genre | : Business & Economics |
| ISBN | : 1944960473 |
If risk aversion and willingness to take on risk are driven by emotions and we as humans are bad at correctly identifying them, the finance profession has a serious challenge at hand—how to reliably identify the individual risk profile of a retail investor or high-net-worth individual. In this series of CFA Institute Research Foundation briefs, we have asked academics and practitioners to summarize the current state of knowledge about risk profiling in different key areas.
The Conceptual Foundations of Investing
| Author | : Bradford Cornell |
| Publisher | : John Wiley & Sons |
| Total Pages | : 195 |
| Release | : 2018-09-19 |
| Genre | : Business & Economics |
| ISBN | : 1119516315 |
The need-to-know essentials of investing This book explains the conceptual foundations of investing to improve investor performance. There are a host of investment mistakes that can be avoided by such an understanding. One example involves the trade-off between risk and return. The trade-off seems to imply that if you bear more risk you will have higher long-run average returns. That conclusion is false. It is possible to bear a great deal of risk and get no benefit in terms of higher average return. Understanding the conceptual foundations of finance makes it clear why this is so and, thereby, helps an investor avoid bearing uncompensated risks. Another choice every investor has to make is between active versus passive investing. Making that choice wisely requires understanding the conceptual foundations of investing. • Instructs investors willing to take the time to learn all of the concepts in layman’s terms • Teaches concepts without overwhelming readers with math • Helps you strengthen your portfolio • Shows you the fundamental concepts of active investing The Conceptual Foundations of Investing is ultimately for investors looking to understand the science behind successful investing.
Posttraumatic Growth
| Author | : Richard G. Tedeschi |
| Publisher | : Routledge |
| Total Pages | : 420 |
| Release | : 2018-06-12 |
| Genre | : Psychology |
| ISBN | : 131552743X |
Posttraumatic Growth reworks and overhauls the seminal 2006 Handbook of Posttraumatic Growth. It provides a wide range of answers to questions concerning knowledge of posttraumatic growth (PTG) theory, its synthesis and contrast with other theories and models, and its applications in diverse settings. The book starts with an overview of the history, components, and outcomes of PTG. Next, chapters review quantitative, qualitative, and cross-cultural research on PTG, including in relation to cognitive function, identity formation, cross-national and gender differences, and similarities and differences between adults and children. The final section shows readers how to facilitate optimal outcomes with PTG at the level of the individual, the group, the community, and society.
Foundations of Risk Analysis
| Author | : Terje Aven |
| Publisher | : John Wiley & Sons |
| Total Pages | : 208 |
| Release | : 2004-01-09 |
| Genre | : Mathematics |
| ISBN | : 0470871237 |
Everyday we face decisions that carry an element of risk and uncertainty. The ability to analyse, communicate and control the level of risk entailed by these decisions remains one of the most pressing challenges to the analyst, scientist and manager. This book presents the foundational issues in risk analysis ? expressing risk, understanding what risk means, building risk models, addressing uncertainty, and applying probability models to real problems. The principal aim of the book is to give the reader the knowledge and basic thinking they require to approach risk and uncertainty to support decision making. Presents a statistical framework for dealing with risk and uncertainty. Includes detailed coverage of building and applying risk models and methods. Offers new perspectives on risk, risk assessment and the use of parametric probability models. Highlights a number of applications from business and industry. Adopts a conceptual approach based on elementary probability calculus and statistical theory. Foundations of Risk Analysis provides a framework for understanding, conducting and using risk analysis suitable for advanced undergraduates, graduates, analysts and researchers from statistics, engineering, finance, medicine and the physical sciences, as well as for managers facing decision making problems involving risk and uncertainty.
Risk-Taking in International Politics
| Author | : Rose McDermott |
| Publisher | : University of Michigan Press |
| Total Pages | : 256 |
| Release | : 2001 |
| Genre | : Political Science |
| ISBN | : 9780472087877 |
Discusses the way leaders deal with risk in making foreign policy decisions
Modern Portfolio Theory
| Author | : Jack Clark Francis |
| Publisher | : John Wiley & Sons |
| Total Pages | : 576 |
| Release | : 2013-01-18 |
| Genre | : Business & Economics |
| ISBN | : 1118417208 |
A through guide covering Modern Portfolio Theory as well as the recent developments surrounding it Modern portfolio theory (MPT), which originated with Harry Markowitz's seminal paper "Portfolio Selection" in 1952, has stood the test of time and continues to be the intellectual foundation for real-world portfolio management. This book presents a comprehensive picture of MPT in a manner that can be effectively used by financial practitioners and understood by students. Modern Portfolio Theory provides a summary of the important findings from all of the financial research done since MPT was created and presents all the MPT formulas and models using one consistent set of mathematical symbols. Opening with an informative introduction to the concepts of probability and utility theory, it quickly moves on to discuss Markowitz's seminal work on the topic with a thorough explanation of the underlying mathematics. Analyzes portfolios of all sizes and types, shows how the advanced findings and formulas are derived, and offers a concise and comprehensive review of MPT literature Addresses logical extensions to Markowitz's work, including the Capital Asset Pricing Model, Arbitrage Pricing Theory, portfolio ranking models, and performance attribution Considers stock market developments like decimalization, high frequency trading, and algorithmic trading, and reveals how they align with MPT Companion Website contains Excel spreadsheets that allow you to compute and graph Markowitz efficient frontiers with riskless and risky assets If you want to gain a complete understanding of modern portfolio theory this is the book you need to read.
