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Author : D. D. Purvis
Publisher :
ISBN 13 :
Total Pages : 7 pages
Book Rating : 4.:/5 (654 download)
Download or read book Dynamic Models of Portfolio Behavior written by D. D. Purvis and published by . This book was released on 1978 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gary Smith
Publisher :
ISBN 13 :
Total Pages : 7 pages
Book Rating : 4.:/5 (632 download)
Download or read book Dynamic Models of Portfolio Behavior written by Gary Smith and published by . This book was released on 1978 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dorian Owen
Publisher :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (254 download)
Download or read book Dynamic Models of Portfolio Behavior: Appropriate Balance Sheet Constraints and Ading Up Restrictions in Systems of Asset Equations written by Dorian Owen and published by . This book was released on 1979 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Erhard Robert Fernholz
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (134 download)
Download or read book Toward a Dynamic Theory of Portfolio Behavior and Stock Market Equilibrium written by Erhard Robert Fernholz and published by . This book was released on 1980 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard E. Oberuc
Publisher : McGraw Hill Professional
ISBN 13 : 9780071426695
Total Pages : 344 pages
Book Rating : 4.4/5 (266 download)
Download or read book Dynamic Portfolio Theory and Management written by Richard E. Oberuc and published by McGraw Hill Professional. This book was released on 2004 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher Description
Author : Stephen S. Poloz
Publisher : Bank of Canada
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.3/5 (121 download)
Download or read book An Integrated Model of the Portfolio Behaviour of the Canadian Household Sector written by Stephen S. Poloz and published by Bank of Canada. This book was released on 1986 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Donald D. Hester
Publisher :
ISBN 13 :
Total Pages : 316 pages
Book Rating : 4.3/5 (91 download)
Download or read book Studies of Portfolio Behavior written by Donald D. Hester and published by . This book was released on 1967 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Carl Chiarella
Publisher : Springer
ISBN 13 : 3662492296
Total Pages : 203 pages
Book Rating : 4.6/5 (624 download)
Download or read book Sustainable Asset Accumulation and Dynamic Portfolio Decisions written by Carl Chiarella and published by Springer. This book was released on 2016-09-01 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines sustainable wealth formation and dynamic decision-making. The global economy experienced a veritable meltdown of asset markets in the years 2007-9, where many funds were overexposed to risky returns and suffered considerable losses. On the other hand, the long-term upswing in the stock market since 2010 has led to asset price booms and some new, but also uneven, wealth formation. In this book a broader set of constraints and guidelines for asset management and wealth accumulation is developed. The authors investigate how wealth formation and the proper management of financial funds can help to adequately buffer income risk and obtain sufficient risk-free income at a later stage of life, while also being socially and environmentally sustainable. The book explores behavioral and institutional rules for decision-making that reflect such constraints and guidelines, without necessarily being optimal in the narrow sense. The authors explain the need for such a dynamic decision-making and dynamic re-balancing of portfolios, by putting forward dynamic programming as an approach to dynamic decision-making that can allow sustainable wealth accumulation and dynamic asset allocation to be successfully integrated. This book provides a clear and comprehensive treatment of asset accumulation and dynamic portfolio models with an emphasis on long term and sustainable wealth formation. An important concern in public debate is the sustainability of our economy and this book employs cutting edge quantitative techniques and models to highlight important facts that cannot be disputed under any reasonable assumptions. It has the potential to become a standard reference for both academic researchers and quantitatively trained practitioners. Eckhard Platen, Professor of Quantitative Finance, University of Technology Sydney, Australia This book should be read by both academics and practitioners alike. The former will find intellectually rigorous discussions and innovative solutions. The latter may find a few of the concepts a bit challenging. Yet, theory and technology are there to help simplify the work of those who worry about what time it is rather than how to make a watch--- but they do need a watch. Jean Brunel, Founder of Brunel Associates and Editor of The Journal of Wealth Management
Author : T. Basar
Publisher : Elsevier
ISBN 13 : 1483153312
Total Pages : 489 pages
Book Rating : 4.4/5 (831 download)
Download or read book Dynamic Modelling and Control of National Economies 1983 written by T. Basar and published by Elsevier. This book was released on 2014-05-17 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dynamic Modelling and Control of National Economies 1983 contains the proceedings of the Fourth IFAC/IFORS/IIASA Conference and the 1983 SEDC Conference on Economic Dynamics and Control held at Washington D.C., USA on June17-19, 1983. Separating the 65 papers presented in the conference as chapters, this book covers a broad class of problems or notions arising both in economic theory, control applications to planning, and implementation issues. Some chapters discuss multi-level interactions of government and private sectors in economic development; inflation and economic policy in an open economy; foreign debt and exchange rate stability in a developing country; and expectations in numerical general equilibrium models. This book also explains a rational decision-making process for resource policymaking; inference of the structure of economic reasoning from natural language analysis; modeling and analysis of a national economy; and methodological issues in global modeling. Econometric analysis of the economic effects of population change, aspects of optimal estimation control strategies in econometrics, and optimal policies for interdependent economies are also discussed. This book will be useful to those engaged in economic and control theory research.
Author : Tong Kim
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book Dynamic Non-Myopic Portfolio Behavior written by Tong Kim and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The dynamic non-myopic portfolio behavior of an investor who trades a risk-free and risky asset is derived, for all HARA utility functions and a stochastic risk premium. Conditions are found for when the investor holds more or less than the myopic amount of the risky asset; hedges against or speculates on the risk-premium uncertainty: in long or short the risky asset; and holds more or less of the risky asset at longer horizons. The analytical solutions derived take multiple mathematical forms and include extreme cases in which investors with long but finite horizons can attain quot;nirvanaquot.
Author : Dorian P. OWEN
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (119 download)
Download or read book DYNAMIC MODELS OF PORTFOLIO BEHAVIOUR APPRIOPRIATE BALANCE SHEET CONTRAINTS AND ADDING UP RESTRICTIONS IN SYSTEMS OF ASSET EQUATIONS written by Dorian P. OWEN and published by . This book was released on 1979 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Greg B. Davies
Publisher : McGraw Hill Professional
ISBN 13 : 0071748350
Total Pages : 384 pages
Book Rating : 4.0/5 (717 download)
Download or read book Behavioral Investment Management: An Efficient Alternative to Modern Portfolio Theory written by Greg B. Davies and published by McGraw Hill Professional. This book was released on 2012-01-12 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: The End of Modern Portfolio Theory Behavioral Investment Management proves what many have been thinking since the global economic downturn: Modern Portfolio Theory (MPT) is no longer a viable portfolio management strategy. Inherently flawed and based largely on ideology, MPT can not be relied upon in modern markets. Behavioral Investment Management offers a new approach-one addresses certain realities that MPT ignores, including the fact that emotions play a major role in investing. The authors lay out new standards reflecting behavioral finance and dynamic asset allocation, then explain how to apply these standards to your current portfolio construction efforts. They explain how to move away from the idealized, black-and-white world of MPT and into the real world of investing--placing heavy emphasis on the importance of mastering emotions. Behavioral Investment Management provides a portfolio-management standard for an investing world in disarray. PART 1- The Current Paradigm: MPT (Modern Portfolio Theory); Chapter 1: Modern Portfolio Theory as it Stands; Chapter 2: Challenges to MPT: Theoretical-the assumptions are not thus; Chapter 3: Challenges to MPT: Empirical-the world is not thus; Chapter 4: Challenges to MPT: Behavioural-people are not thus; Chapter 5: Describing the Overall Framework: Investors and Investments; PART 2- Amending MPT: Getting to BMPT; Chapter 1:Investors-The Rational Investor; Chapter 2: Investments-Extracting Value from the long-term; Chapter 3: Investments-Extracting Value from the short-term; Chapter 4: bringing it together, the new BMPT paradigm; PART 3- Emotional Insurance: Sticking with the Journey; Chapter 1: Investors- the emotional investor; Chapter 2: Investments- Constraining the rational portfolio; PART 4- Practical Implications; Chapter 1: The BMPT and Wealth Management; Chapter 2: The BMPT and the Pension Industry; Chapter 3: The BMPT and Asset Managemen
Author : Benjamin M. Friedman
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (351 download)
Download or read book Investor's Portfolio Behavior Under Alternative Models of Long-term Interest Rate Expectations written by Benjamin M. Friedman and published by . This book was released on 1977 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Carol C. Bertaut
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (318 download)
Download or read book Precautionary Portfolio Behavior from a Life-cycle Perspective written by Carol C. Bertaut and published by . This book was released on 1996 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : James Picerno
Publisher : Bloomberg Press
ISBN 13 : 9781576603598
Total Pages : 256 pages
Book Rating : 4.6/5 (35 download)
Download or read book Dynamic Asset Allocation written by James Picerno and published by Bloomberg Press. This book was released on 2010-02-17 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today’s modern portfolio theory is not your father’s MPT. It has undergone many changes in the past fifty years. Indeed, a new understanding of MPT has emerged, one that has a significant impact on managing asset allocation—especially in today’s turbulent markets. Dynamic Asset Allocation interprets and integrates the developments in modern portfolio theory: from the efficient-market hypothesis and indexing of decades past to strategies for building winning portfolios today. The book is filled with practical, hands-on advice for investors, including guidance on approaching investment as a risk-management task.
Author : John Y. Campbell
Publisher : OUP Oxford
ISBN 13 : 019160691X
Total Pages : 272 pages
Book Rating : 4.1/5 (916 download)
Download or read book Strategic Asset Allocation written by John Y. Campbell and published by OUP Oxford. This book was released on 2002-01-03 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Academic finance has had a remarkable impact on many financial services. Yet long-term investors have received curiously little guidance from academic financial economists. Mean-variance analysis, developed almost fifty years ago, has provided a basic paradigm for portfolio choice. This approach usefully emphasizes the ability of diversification to reduce risk, but it ignores several critically important factors. Most notably, the analysis is static; it assumes that investors care only about risks to wealth one period ahead. However, many investors—-both individuals and institutions such as charitable foundations or universities—-seek to finance a stream of consumption over a long lifetime. In addition, mean-variance analysis treats financial wealth in isolation from income. Long-term investors typically receive a stream of income and use it, along with financial wealth, to support their consumption. At the theoretical level, it is well understood that the solution to a long-term portfolio choice problem can be very different from the solution to a short-term problem. Long-term investors care about intertemporal shocks to investment opportunities and labor income as well as shocks to wealth itself, and they may use financial assets to hedge their intertemporal risks. This should be important in practice because there is a great deal of empirical evidence that investment opportunities—-both interest rates and risk premia on bonds and stocks—-vary through time. Yet this insight has had little influence on investment practice because it is hard to solve for optimal portfolios in intertemporal models. This book seeks to develop the intertemporal approach into an empirical paradigm that can compete with the standard mean-variance analysis. The book shows that long-term inflation-indexed bonds are the riskless asset for long-term investors, it explains the conditions under which stocks are safer assets for long-term than for short-term investors, and it shows how labor income influences portfolio choice. These results shed new light on the rules of thumb used by financial planners. The book explains recent advances in both analytical and numerical methods, and shows how they can be used to understand the portfolio choice problems of long-term investors.
Author : Peter Howitt
Publisher : University of Michigan Press
ISBN 13 : 9780472102105
Total Pages : 272 pages
Book Rating : 4.1/5 (21 download)
Download or read book The Keynesian Recovery and Other Essays written by Peter Howitt and published by University of Michigan Press. This book was released on 1990 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together Howitt's key contributions to the development of macroeconomic theory
