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Financial decision making under uncertainty /
Financial Dec Making under Uncertainty.
| Clasificación: | Libro Electrónico |
|---|---|
| Otros Autores: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New York :
Academic Press,
1977.
|
| Colección: | Economic theory and mathematical economics.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Front Cover; Financial Decision Making Under Uncertainty; Copyright Page; Table of Contents; LIST OF CONTRIBUTORS; PREFACE; Part I: UTIULITY AND RISK ANALYSIS; CHAPTER 1. AN ALGORITHM FOR FINDING UNDOMINATED PORTFOLIOS; I. Introduction; II. An Alternate Criterion for Dominance; III. The Algorithm; References; CHAPTER 2. THE STRONG CASE FOR THE GENERALIZED LOGARITHMIC UTILITY MODEL AS THE PREMIER MODEL OF FINANCIAL MARKETS; I. Introduction; II. The Generalized Logarithmic Utility Model; III. Financial Choice; IV. Financial Equilibrium; V. Financial Efficiency; References
- Part II: INVESTMENT DECISIONS UNDER UNCERTAINTYCHAPTER 3. THE DEMAND FOR RISKY ASSETS: Some Extensions; I. Introduction and Summary; II. Determinants of Market Price of Risk: Theoretical Background; III. Determinants of Market Price of Risk: Statistical Tests; IV. Market Price of Risk and Inflation; References; CHAPTER 4. OPTIMAL TIMING OF CAPITAL EXPENDITURES; Introduction; I. The Replacement Model; II. Simplification of the Model; III. Generality of the Replacement Model; IV. Numerical Illustrations; V. The General Model; VI. Concluding Observations; References
- CHAPTER 5. LEASING, BUYING, AND THE COST OF CAPITAL SERVICESI. Introduction; II. The Neoclassical Analysis for the Certainty Case; III. The Extension to Allow for Uncertainty; IV. The Impact of Taxes on the Rent-or-Buy Decision; V. The Impact of Tax Subsidies and Tax Exemptions; VI. Summary; References; Part III: PORTFOLIO ANALYSIS AND CAPITAL MARKET THEORY; CHAPTER 6. THE CAPITAL ASSET PRICING MODEL: A ""Multi-Beta"" Interpretation; I. Introduction; II. The Multi-Beta Interpretation; I. A Multifactor Model; IV. A Discrete-State Model; V. Expected Returns
- VI. Historic Betas, Ex Ante Betas, and Actual ReturnsVII. Measurement of Factors; References; CHAPTER 7. PORTFOLIO EFFICIENCY ANALYSIS IN THREE MOMENTS: The Multiperiod Case; References; CHAPTER 8. EQUIVALENCE AMONG ALTERNATIVE PORTFOLIO SELECTION CRITERIA; I. Introduction; II. Mathematical Definitions and Comprehensive Theorem; III. Comments and Additional Results; References; Part IV: INFLATION AND FINANCIAL DECISIONS; CHAPTER 9. THE SUPERFUND: EFFICIENT PATHS TOWARD EFFICIENT CAPITAL MARKETS IN LARGE AND SMALL COUNTRIES; I. Introduction and Summary; II. Theoretical Foundations
- III. Pragmatics: Some Basic ConsiderationsIV. Taking Cognizance of the Nitty Gritty of Investment Decision Making; V. Some Implications of S; VI. Nominal Returns versus Deflated Returns; VII. Multiperiod Extensions; VIII. Concluding remarks; References; Part V: APPLICATIONS OF RISK ANALYSIS; CHAPTER 10. DEFAULT RISK AND THE DEMAND FOR FORWARD EXCHANGE; I. Introduction; II. The Model and the Optimality Conditions; III. The Demand Schedules; IV. Equilibrium with Homogeneous Expectations; V. Summary and Concluding Remarks; Appendix. Consumption Choices With Quadratic Utility; References