Read The Portfolio Theorists

von Neumann, Savage, Arrow and Markowitz
2012
ISBN: 978-0-230-36230-7
Verlag: Palgrave Macmillan UK
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 230 Seiten

Reihe: Great Minds in Finance

Read examines probability, risk, and uncertainty through the contributions of John 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.

Autoren/Hrsg.

Read, C.

Inhaltsverzeichnis

1;Cover;1
2;Contents;6
3;List of Figures and Tables;8
4;Preface to the Great Minds in Finance series;9
5;1 Introduction;12
6;2 A Roadmap to Resolve the Big Question;17
7;Section 1 John von Neumann;19
7.1;3 The Early Years of John von Neumann and Oskar Morgenstern;20
7.2;4 The Times and the Beginning of an Era;28
7.3;5 The Theory of von Neumann and Morgenstern;41
7.4;6 Applications and Elaborations of the von Neumann-Morgenstern Model;55
7.5;7 The Later Life and Legacy of von Neumann and Morgenstern;65
8;Section 2 Leonard Jimmie Savage;79
8.1;8 The Early Years;80
8.2;9 Friedman and Savage's Times;87
8.3;10 The Theory of Friedman and Savage;98
8.4;11 Applications of the Concept of Subjective Probabilities;113
8.5;12 Life and Legacy;121
9;Section 3 Kenneth J. Arrow;131
9.1;13 The Early Years;132
9.2;14 The Times;145
9.3;15 Arrow's Great Idea;153
9.4;16 Applications of the Contingent Claims Model;164
9.5;17 Life, Legacy, and the Nobel Prize;170
10;Section 4 Harry Markowitz;176
10.1;18 The Early Years;177
10.2;19 The Times and a New Paradigm in Personal Finance;181
10.3;20 The Theory of an Efficient Portfolio;188
10.4;21 Applications of Portfolio Theory;197
10.5;22 Life, Legacy, and the Nobel Prize;204
11;Section 5 What We Have Learned;208
11.1;23 Combined Contributions in Portfolio Theory;209
11.2;24 Conclusions;213
12;Glossary;216
13;Notes;220
14;Index;228