James Ming Chen - Böcker

Technical analysis has evolved into the discipline of choice for traders who wish to extract profits from the financial markets in the most effective and systematic manner possible. Based upon identifying patterns on financial price charts, technical analysis relies upon a wide range of tools - primarily chart drawings and mechanical indicators - that help to inform high-probability trading decisions. This book will provide an in-depth overview of these tools, providing both detailed descriptions as well as comprehensive chart examples that illustrate real world market applications.

This survey of portfolio theory, from its modern origins through more sophisticated, “postmodern” incarnations, evaluates portfolio risk according to the first four moments of any statistical distribution: mean, variance, skewness, and excess kurtosis.

This book explains how investor behavior, from mental accounting to the combustible interplay of hope and fear, affects financial economics. The transformation of portfolio theory begins with the identification of anomalies. Gaps in perception and behavioral departures from rationality spur momentum, irrational exuberance, and speculative bubbles. Behavioral accounting undermines the rational premises of mathematical finance. Assets and portfolios are imbued with “affect.” Positive and negative emotions warp investment decisions. Whether hedging against intertemporal changes in their ability to bear risk or climbing a psychological hierarchy of needs, investors arrange their portfolios and financial affairs according to emotions and perceptions. Risk aversion and life-cycle theories of consumption provide possible solutions to the equity premium puzzle, an iconic financial mystery. Prospect theory has questioned the cogency of the efficient capital markets hypothesis. Behavioral portfolio theory arises from a psychological account of security, potential, and aspiration.

This book rehabilitates beta as a definition of systemic risk by using particle physics to evaluate discrete components of financial risk.

This book explains how investor behavior, from mental accounting to the combustible interplay of hope and fear, affects financial economics.