ISBN10: 3540262342, ISBN13: 9783540262343, [publisher: Springer Berlin Heidelberg] Softcover Druck auf Anfrage Neuware - Printed after ordering - Yet that weakness is also its greatest strength. People like the model because they can easily understand its assumptions. The model is often good as a rst approximation, and if you can see the holes in the assumptions you can use the model in more sophisticated ways. Black (1992) Expected volatility as a measure of risk involved in economic decision making isakeyingredientinmodern nancialtheory:therational,risk-averseinvestor will seek to balance the tradeo between the risk he bears and the return he expects. The more volatile the asset is, i.e. the more it is prone to exc- sive price uctuations, the higher will be the expected premium he demands. Markowitz (1959), followed by Sharpe (1964) and Lintner (1965), were among the rst to quantify the idea of the simple equation 'more risk means higher return' in terms of equilibrium models. Since then, the analysis of volatility and price uctuations has sparked a vast literature in theoretical and quan- tative nance that re nes and extends these early models. As the most recent climax of this story, one may see the Nobel prize in Economics granted to Robert Engle in 2003 for his path-breaking work on modeling time-dependent volatility.
[Einbeck, Germany] [Publication Year: ...
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ISBN10: 3540262342, ISBN13: 9783540262343, [publisher: Springer] Softcover This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. Clean from markings. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,450grams, ISBN:9783540262343
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ISBN10: 3540262342, ISBN13: 9783540262343, [publisher: Springer] Softcover This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. Clean from markings. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,450grams, ISBN:9783540262343
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[Amherst, NY, U.S.A.] [Publication Year: 2005]

Berlin, Heidelberg Springer 2005 2005 ed. Trade paperback New. Trade paperback (US). Glued binding. 224 p. Contains: Illustrations, black & white, Tables, black & white.

Springer 2005 2005 ed. Trade paperback This is an ex-library book and may have the usual library/used-book markings inside. This book has soft covers. Clean from markings. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 450grams, ISBN: 9783540262343.

Springer 2005-10-19 2005 ed. Paperback New Size: 9x6x0; New. In shrink wrap. Looks like an interesting title!

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