Описание: This book presents selected paperson the factors that serve to influence an individual’s capacity in financialdecision-making. Initial chapters provide an overview of the cognitive factorsaffecting financial decisions and suggest a link between limited cognitivecapacity and the need for financial education. The book then expands on thesecognitive limitations to explore the tendency for overconfidence indecision-making and the interplay between rational and irrational factors.Later contributions show how credit card companies benefit from limitations inconsumer financial literacy, how gender and cognition intersect to play animportant role in financial decision-making, and how to improve financialcapacity through financial literacy and education campaigns, including thoseaddressing developed marketplaces. This comprehensive collection of papers willbe of value to all readers who seek to better understand the multi-factorialand complex nature of personal financial management in today’s economicclimate.
A new, evolutionary explanation of markets and investor behavior
Half of all Americans have money in the stock market, yet economists can't agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe--and as financial bubbles, crashes, and crises suggest. This is one of the biggest debates in economics and the value or futility of investment management and financial regulation hang on the outcome. In this groundbreaking book, Andrew Lo cuts through this debate with a new framework, the Adaptive Markets Hypothesis, in which rationality and irrationality coexist.
Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency isn't wrong but merely incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo's new paradigm explains how financial evolution shapes behavior and markets at the speed of thought--a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation.
A fascinating intellectual journey filled with compelling stories, Adaptive Markets starts with the origins of market efficiency and its failures, turns to the foundations of investor behavior, and concludes with practical implications--including how hedge funds have become the Gal pagos Islands of finance, what really happened in the 2008 meltdown, and how we might avoid future crises.
An ambitious new answer to fundamental questions in economics, Adaptive Markets is essential reading for anyone who wants to know how markets really work.
-- "Foreign Affairs"
Автор: Niamh Moloney, Eilis Ferran, Jennifer Payne Название: The Oxford handbook of financial regulation ISBN: 019968720X ISBN-13(EAN): 9780199687206 Издательство: Oxford Academ Рейтинг: Цена: 21384.00 р. Наличие на складе: Поставка под заказ.
Описание: The Oxford Handbook of Financial Regulation is the first comprehensive, state of the art survey of the nature and function of financial regulation. Written by an international team of leading scholars in the field, it takes a contextual and comparative approach to examine scholarly, policy, and regulatory developments in the past three decades.
Автор: Edited by Gerard Caprio, Jr. Название: Reforming Financial Systems ISBN: 0521032814 ISBN-13(EAN): 9780521032810 Издательство: Cambridge Academ Рейтинг: Цена: 5069.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This volume summarizes the key lessons of financial history for emerging market and developing economies. Discussed topics include the role of central banks, debates on how to make banking secure and sound, the relative efficiency of universal banking (compared with the Anglo-American commercial banking model), and the role of savings banks, non-banks and securities markets development.
Автор: Venzin, Markus Название: Building an International Financial Services Firm ISBN: 0199535205 ISBN-13(EAN): 9780199535200 Издательство: Oxford Academ Рейтинг: Цена: 14256.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book explores the issues that arise for banks in their strategic choices as they move into new international markets. It focuses on fundamental strategic decisions such as when, where, and how to enter foreign markets and how to design the organizational architecture of the multinational financial services firm.
Автор: Clark, Gordon L.; Dixon, Adam D.; Monk, Ashby H. B Название: Managing Financial Risks ISBN: 0199557438 ISBN-13(EAN): 9780199557431 Издательство: Oxford Academ Рейтинг: Цена: 15840.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book brings together a group of leading scholars from a range of disciplines to formulate a more holistic understanding of financial risk by rooting it in different environments, spatial scales, and disciplines. The result is an all-encompassing exposition of current and future financial risk management practices, possibilities, and problems.
Описание: Presents a comparison between London and Paris as international financial centres since the late nineteenth century. This book provides a long term perspective on the development of each centre, with attention devoted to pre-1914 years and to the last decades of the twentieth century, in order to contrast these two eras of globalization.
Автор: Belke, Ansgar Polleit, Thorsten Название: Monetary economics in globalised financial markets ISBN: 3540710027 ISBN-13(EAN): 9783540710028 Издательство: Springer Рейтинг: Цена: 23751.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Integrates the fundamentals of monetary theory, monetary policy theory and financial market theory, providing a comprehensive introduction to the many-sided interrelations between these fields of research. This work covers topics including, inter alia, alternative money supply regimes, money demand functions and monetary policy transmission.
Автор: Ali Hirsa Название: An Introduction to the Mathematics of Financial Derivatives, ISBN: 012384682X ISBN-13(EAN): 9780123846822 Издательство: Elsevier Science Рейтинг: Цена: 13304.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: A text that eases the transition between basic summaries of financial engineering to more advanced treatments using stochastic calculus. Requiring a basic knowledge of calculus and probability, it takes readers on a tour of advanced financial engineering. It encourages use of discrete chapters as complementary readings on different topics.
Автор: David Hillier,Mark Grinblatt Название: Financial Markets and Corporate Strategy 2 ed. ISBN: 0077129423 ISBN-13(EAN): 9780077129422 Издательство: McGraw-Hill Рейтинг: Цена: 10637.00 р. Наличие на складе: Поставка под заказ.
Описание: Financial Markets and Corporate Strategy
Название: Financial Calculus ISBN: 0521552893 ISBN-13(EAN): 9780521552899 Издательство: Cambridge Academ Рейтинг: Цена: 12355.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Here is a rigorous and accessible account of the mathematics behind the pricing, construction and hedging of derivative securities. An essential purchase for market practitioners, quantitative analysts, and derivatives traders, whether existing or trainees, in investment banks in the major financial centres throughout the world.
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