Name: Physics Envy: A Collection of White Papers Identifying Positive Economics, Optimization, Their Role in the Financial Crisis and Solu (en Inglés)
SKU: 58089286
Price: 203870.00 COP
Availability: InStock
Author: Nawrocki, David ; Viole, Fred
ISBN: 9781460933787

portada Physics Envy: A Collection of White Papers Identifying Positive Economics, Optimization, Their Role in the Financial Crisis and Solu (en Inglés)

Physics Envy: A Collection of White Papers Identifying Positive Economics, Optimization, Their Role in the Financial Crisis and Solu (en Inglés)

Formato

Libro Físico

Autor

David Nawrocki

Fred Viole

Editorial

Createspace

Idioma

Inglés

N° páginas

200

Encuadernación

Tapa Blanda

Dimensiones

25.4x20.3x1.3 cm

Peso

0.56 kg.

ISBN13

9781460933787

Categorías

Financiación de la educación y los alumnos

Physics Envy: A Collection of White Papers Identifying Positive Economics, Optimization, Their Role in the Financial Crisis and Solu (en Inglés)

David Nawrocki (Autor) · Fred Viole (Autor) · Createspace · Tapa Blanda

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Reseña del libro "Physics Envy: A Collection of White Papers Identifying Positive Economics, Optimization, Their Role in the Financial Crisis and Solu (en Inglés)"

The authors begin by re-examining utility theory in order to establish a stable foundation to their work in risk quantification and a markets hypothesis. This fresh perspective offers a truly heterodox methodology, abandoning the assumptions economic and financial theory have depended on for decades. Introducing the updated utility theory into post modern portfolio theory has enabled the authors to demonstrate ex ante efficiency, rather than ex post optimization. The current financial crisis, as well as historical ones, could have been avoided if market participants had a better theoretical framework from which to operate. This work offers such a framework with the guiding principle that the inherent uncertainty of markets cannot be modeled away with convenient assumptions.