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    1. Ekonomi och Ledarskap
    2. Företagsekonomi

    Risk-Return Analysis Volume 3

    AvHarry Markowitz

    Inbunden, Engelska, 2020

    731 kr

    Beställningsvara. Skickas inom 3-6 vardagar. Fri frakt över 249 kr.

    Beskrivning

    The man who created investing as we know it provides critical insights, knowledge, and tools for generating steady profits in today’s economy.

    When Harry Markowitz introduced the concept of examining and purchasing a range of diverse stocks—in essence, the practice of creating a portfolio—he transformed the world of investing. The idea was novel, even radical, when he presented it in 1952 for his dissertation. Today, it’s second-nature to the majority of investors worldwide. 

    Now, the legendary economist returns with the third volume of his groundbreaking four-volume Risk-Return Analysis series, where he corrects common misperceptions about Modern Portfolio Theory (MPT) and provides critical insight into the practice of MPT over the last 60 years. He guides you through process of making rational decisions in the face of uncertainty—making this a critical guide to investing in today’s economy.

    From the Laffer Curve to RDM Reasoning to Finite Ordinal Arithmetic to the ideas and concepts of some of history’s most influential thinkers, Markowitz provides a wealth and depth of financial knowledge, wisdom, and insights you would be hard pressed to find elsewhere. 

    This deep dive into the theories and practices of the investing legend is what you need to master strategic portfolio management designed to generate profits in good times and bad.

     

    Produktinformation

    • Utgivningsdatum:2020-07-22
    • Mått:160 x 236 x 35 mm
    • Vikt:557 g
    • Format:Inbunden
    • Språk:Engelska
    • Antal sidor:336
    • Förlag:McGraw-Hill Education
    • ISBN:9780071818315

    Utforska kategorier

    • Företagsekonomi inom Ekonomi och Ledarskap

    Mer om författaren

    Harry M. Markowitz is president of Harry Markowitz Co. in San Diego. In 1990, he was jointly awarded the Nobel Prize for economics with Merton Miller and William Sharpe.

    Innehållsförteckning

    • Preface The Rational Decision MakerWords of WisdomJohn von NeumannAcknowledgments13. Predecessors Introduction René Descartes There Is No “Is,” Only “Was” and “Will Be” Working Hypotheses RDM Reasoning David Hume Eudaimonia Financial Economic Discoveries Economic Analyses That Have Stoodthe Test of Time Constructive Skepticism Isaac Newton, Philosopher Fields Other Than Physics Karl Popper Mysticism Caveats Charles Peirce Immanuel Kant What an RDM Can Know A Priori 14. Deduction First Principles Introduction The Great Debate One More Reason for StudyingCantor’s Set Theory “Very Few Understood It” Finite Cardinal Arithmetic Relative Sizes of Finite Sets Finite Ordinal Arithmetic Standard Ordered Sets (SOSs) Finite Cardinal and Ordinal Numbers Cantor (101) Theorem Proof Corollary Proof Transfinite Cardinal Numbers The Continuum Hypothesis Transfinite Cardinal Arithmetic Lemma Transfinite Ordinal NumbersExamples of Well-Ordered andNot Well-Ordered SetsTransfinite Ordinal ArithmeticExtended SOSsLemmaProofThe Paradoxes (a.k.a. Antimonies) Three Directions From Aristotle to Hume to Hilbert British Empiricism versus ContinentalRationalism Who Created What? Cantor Reconsidered Brouwer’s Objections Axiomatic Set Theory Peano’s Axioms (PAs) Hilbert’s Programs Whitehead and Russell Zermelo’s Axioms The “Axiom of Choice” The Trichotomy Equivalent to the Axiom of Choice Kurt Gödel (1906–1978) Thoralf Skolem (1887–1863) 15. Logic is Programming is Logic Introduction Terminology Number Systems and the EAS StructuresBuilt on Them Deductive Systems as Programming Languages A Variety of Deductive DSSs Alternative Rules of Inference “Ladders” and “Fire Escapes” Organon 2000: From Ancient Greekto “Symbolic Logic” So, What’s New? Immediate Consequences Two Types of Set Ownership Modeling Modeling EAS-E Deduction: Status 16. The Infinite and The Infinitesimal Points and Lines Fields Constructing the Infinitesimals Infinite-Dimensional Utility Analysis The Algebraic Structure Called “A Field” 17. Induction Theory Introduction The Story Thus Far Concepts Basic Relationships Examples “Objective” Probability The Formal M59 Model Initial Consequences Bayes’s Rule A Bayesian View of MVA Judgment, Approximation and Axiom III (1) A Philosophical Difference betweenS54 and M59 Examples of Clearly “Objective” Probabilities” Propositions about Propositions A Problem with Axiom II Are the πjProbabilities the Scaling of the πj?The πj“Mix on a Par” with Objective Probabilities 18. Induction Practice Introduction R. A. Fisher and Neyman-Pearson Hypothesis Tests The Likelihood Principle Andrei Kolmogorov A Model of Models The R.A. Fisher Argument Bayesian Conjugate Prior Procedures 19. Eudaimonia Review Eudaimonia for the Masses Notes References Index