The portfolio theorists: Von Neumann, Savage, Arrow and Markowitz

The portfolio theorists: Von Neumann, Savage, Arrow and Markowitz

Read, Colin

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Read examines probability, risk, and uncertainty through the contributions ofJohn von Neumann, Leonard Jimmie Savage, Kenneth Arrow and Harry Markowitz. These Portfolio Theorists provided us with a dramatic leap forward in our understanding of and insights into financial rewards under risk and uncertainty. COLIN READ Professor of Economics and Finance at SUNY College at Plattsburgh, USA, and a columnist for the 'Plattsburgh New York Press' Republican newspaper. He has a PhD in Economics, JD in Law, MBA, Master's of Taxation, and hastaught environmental and energy economics and finance for 25 years. Colin's recent books include 'BP and the Macondo Spill: The Complete Story', 'The Fear Factor', 'Global Financial Meltdown: How We Can Avoid the Next Economic Crisis', 'The Rise and Fall of an Economic Empire: With Lessons for Aspiring Nations', and a book on international taxation. He has written dozens of papers on market failure, volatility, and housing markets, writes a weekly newspaper column, and appears monthly on a local PBS television show to discuss the regional and national economy. INDICE: Introduction - A Roadmap to Resolve the Big Question - PART I: JOHN VON NEUMANN - The Early Years for John von Neumann and Oskar Morgenstern - The Times and the Beginning of an Era - The Theory of von Neumann and Morgenstern - Applications and Elaborations of the von Neumann-Morgenstern Model - The Later Life and Legacy of John von Neumann and Oskar Morgenstern - PART II: LEONARD JIMMIE SAVAGE - The Early Years - Friedman and Savage's Times - The Theory of Friedman and Savage - Applications of the Concept of Subjective Probabilities - Savage's Later Life and Legacy - PART III: KENNETH J. ARROW - Arrow's Early Years - The Times - Arrow's Great Idea - Applications of the Contingent Claims Model - Arrow's Life, Legacy, and the Nobel Prize - PART IV: HARRY MARKOWITZ - The Early Years of Harry Markowitz - The Times and a New Paradigm in Personal Finance - The Theory of an Efficient Portfolio - Applications of Portfolio Theory - The Nobel Prize, Life, and Legacy of Harry Markowitz - PART V: WHAT WE HAVE LEARNED - Combined Contributions in Portfolio Theory - Conclusions

  • ISBN: 978-0-230-27414-3
  • Editorial: Palgrave MacM
  • Encuadernacion: Cartoné
  • Páginas: 240
  • Fecha Publicación: 23/12/2011
  • Nº Volúmenes: 1
  • Idioma: Inglés