Atnaujintas knygų su minimaliais defektais pasiūlymas! Naršykite ČIA >>

Postmodern Portfolio Theory: Navigating Abnormal Markets and Investor Behavior

-15% su kodu: ENG15
194,46 
Įprasta kaina: 228,78 
-15% su kodu: ENG15
Kupono kodas: ENG15
Akcija baigiasi: 2025-03-03
-15% su kodu: ENG15
194,46 
Įprasta kaina: 228,78 
-15% su kodu: ENG15
Kupono kodas: ENG15
Akcija baigiasi: 2025-03-03
-15% su kodu: ENG15
2025-02-28 228.7800 InStock
Nemokamas pristatymas į paštomatus per 11-15 darbo dienų užsakymams nuo 20,00 

Knygos aprašymas

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. In pursuit of financial models that more accurately describe abnormal markets and investor psychology, this book bifurcates beta on either side of mean returns. It then evaluates this traditional risk measure according to its relative volatility and correlation components. After specifying a four-moment capital asset pricing model, this book devotes special attention to measures of market risk in global banking regulation.
 
Despite the deficiencies of modern portfolio theory, contemporary finance continues to rest on mean-variance optimization and the two-moment capital asset pricing model. The term postmodern portfolio theory captures many of the advances in financial learning since the original articulation ofmodern portfolio theory. A comprehensive approach to financial risk management must address all aspects of portfolio theory, from the beautiful symmetries of modern portfolio theory to the disturbing behavioral insights and the vastly expanded mathematical arsenal of the postmodern critique. Mastery of postmodern portfolio theory¿s quantitative tools and behavioral insights holds the key to the efficient frontier of risk management.

Informacija

Autorius: James Ming Chen
Serija: Quantitative Perspectives on Behavioral Economics and Finance
Leidėjas: Palgrave Macmillan US
Išleidimo metai: 2016
Knygos puslapių skaičius: 360
ISBN-10: 1137544635
ISBN-13: 9781137544636
Formatas: 216 x 153 x 24 mm. Knyga kietu viršeliu
Kalba: Anglų

Pirkėjų atsiliepimai

Parašykite atsiliepimą apie „Postmodern Portfolio Theory: Navigating Abnormal Markets and Investor Behavior“

Būtina įvertinti prekę

Goodreads reviews for „Postmodern Portfolio Theory: Navigating Abnormal Markets and Investor Behavior“