: C. Read
: The Portfolio Theorists von Neumann, Savage, Arrow and Markowitz
: Palgrave Macmillan
: 9780230362307
: 1
: CHF 47.30
:
: Betriebswirtschaft
: English
: 230
: Wasserzeichen/DRM
: PC/MAC/eReader/Tablet
: PDF
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.
Cover1
Contents6
List of Figures and Tables8
Preface to the Great Minds in Finance series9
1 Introduction12
2 A Roadmap to Resolve the Big Question17
Section 1 John von Neumann19
3 The Early Years of John von Neumann and Oskar Morgenstern20
4 The Times and the Beginning of an Era28
5 The Theory of von Neumann and Morgenstern41
6 Applications and Elaborations of the von Neumann-Morgenstern Model55
7 The Later Life and Legacy of von Neumann and Morgenstern65
Section 2 Leonard Jimmie Savage79
8 The Early Years80
9 Friedman and Savage's Times87
10 The Theory of Friedman and Savage98
11 Applications of the Concept of Subjective Probabilities113
12 Life and Legacy121
Section 3 Kenneth J. Arrow131
13 The Early Years132
14 The Times145
15 Arrow's Great Idea153
16 Applications of the Contingent Claims Model164
17 Life, Legacy, and the Nobel Prize170
Section 4 Harry Markowitz176
18 The Early Years177
19 The Times and a New Paradigm in Personal Finance181
20 The Theory of an Efficient Portfolio188
21 Applications of Portfolio Theory197
22 Life, Legacy, and the Nobel Prize204
Section 5 What We Have Learned208
23 Combined Contributions in Portfolio Theory209
24 Conclusions213
Glossary216
Notes220
Index228