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Models for Investors in Real World Markets : Wiley Series in Probability and Statistics - James R. Thompson

Models for Investors in Real World Markets

Wiley Series in Probability and Statistics

Hardcover

Published: 15th November 2002
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* Considers neoclassical models in light of results that can go wrong with them to bring about better models.<br> * Questions the assumption that markets clear quickly.<br> * Offers a timely examination of the LTCM collapse.<br> * Written by a group of well-respected and highly qualified authors.

?This volume provides a new, antiefficient markets approach to investment theory and management?a valuable reference?? (Zentralblatt Math, Vol.1050, 2005)

"...very readable and highly educational...a good choice for your next investment..." (Technometrics, Vol. 45, No. 3, August 2003)

"...examines investment strategies based on risk-neutral probabilities and offers an anti-efficient markets approach to investment theory and management." (AAII Journal, August 2003)

Preface.

Introduction and the Institutional Environment.

Some Conventional Building Blocks (With Various Reservations).

Diversification and Portfolio Selection.

Capital Market Equilibrium Theories.

Equilibrium Implying Efficiency: The Neoclassical Fantasy.

More Realistic Paradigms for Investment.

Security Analysis.

Empirical Financial Forecasting.

Stock Price Growth as Noisy Compound Interest.

Investing in Real World Markets: Returns and Risk Profiles.

Common Stock Options.

Summary, Some Unsettled (Unsettling) Questions, and Conclusions.

Appendix A: A Brief Introduction to Probability and Statistics.

Appendix B: Statistical Tables.

Index.

ISBN: 9780471356288
ISBN-10: 047135628X
Series: Wiley Series in Probability and Statistics
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 408
Published: 15th November 2002
Publisher: John Wiley and Sons Ltd
Country of Publication: US
Dimensions (cm): 24.16 x 16.13  x 2.29
Edition Number: 1