Thompson / Williams / Findlay Models for Investors in Real World Markets

1. Auflage 2009
ISBN: 978-0-470-31793-8
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 408 Seiten, E-Book

Reihe: Wiley Series in Probability and Statistics

* Considers neoclassical models in light of results that can gowrong with them to bring about better models.
* Questions the assumption that markets clear quickly.
* Offers a timely examination of the LTCM collapse.
* Written by a group of well-respected and highly qualifiedauthors.

Autoren/Hrsg.

Thompson, James R.

Williams, Edward E.

Findlay, M. Chapman

Inhaltsverzeichnis

Preface.
Introduction and the Institutional Environment.
Some Conventional Building Blocks (With VariousReservations).
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, andConclusions.
Appendix A: A Brief Introduction to Probability andStatistics.
Appendix B: Statistical Tables.
Index.

Über Autor(innen)

JAMES R. THOMPSON, PhD, is the Noah Harding Professor of Statisticsat Rice University.
EDWARD E. WILLIAMS, PhD, is Henry Gardiner Symonds Professor atthe Jesse H. Jones Graduate School of Business Administration atRice University.
M. CHAPMAN FINDLAY, III, PhD, is President and Director of FinFin Inc., and Director of First Texas Venture Capital, LLC, and aprincipal at Findlay, Phillips and Associates in Los Angeles,California.