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Uncertainty Expectations & Financial Ins
Eric Barthalon
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Description for Uncertainty Expectations & Financial Ins
Hardback. Num Pages: 448 pages, 100 figures. BIC Classification: KCA; KCB; KFFM. Category: (P) Professional & Vocational. Dimension: 238 x 160 x 30. Weight in Grams: 742.
Eric Barthalon applies the neglected theory of psychological time and memory decay of Nobel Prize-winning economist Maurice Allais (1911-2010) to model investors' psychology in the present context of recurrent financial crises. Shaped by the behavior of the demand for money during episodes of hyperinflation, Allais's theory suggests economic agents perceive the flow of clocks' time and forget the past at a context-dependent pace: rapidly in the presence of persistent and accelerating inflation and slowly in the event of the opposite situation. Barthalon recasts Allais's work as a general theory of "expectations" under uncertainty, narrowing the gap between economic theory and ... Read more
Eric Barthalon applies the neglected theory of psychological time and memory decay of Nobel Prize-winning economist Maurice Allais (1911-2010) to model investors' psychology in the present context of recurrent financial crises. Shaped by the behavior of the demand for money during episodes of hyperinflation, Allais's theory suggests economic agents perceive the flow of clocks' time and forget the past at a context-dependent pace: rapidly in the presence of persistent and accelerating inflation and slowly in the event of the opposite situation. Barthalon recasts Allais's work as a general theory of "expectations" under uncertainty, narrowing the gap between economic theory and ... Read more
Product Details
Publication date
2014
Publisher
Columbia University Press United States
Number of pages
448
Condition
New
Format
Hardback
Number of Pages
448
Place of Publication
New York, United States
ISBN
9780231166287
SKU
V9780231166287
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Eric Barthalon
Eric Barthalon is the global head of capital markets and tactical asset allocation at Allianz Investment Management in Munich, Germany. Throughout more than three decades of exposure to capital markets in global financial institutions (at Paribas and Allianz), in which he has focused constantly on asset management, Barthalon has sought to blend operational and research responsibilities, action with theoretical reflection. ... Read more
Reviews for Uncertainty Expectations & Financial Ins
The jury of the 2015 Maurice Allais prize in economic science has nominated a seasoned investment professional, Eric Barthalon, for his book, Uncertainty, Expectations, and Financial Instability. Maurice Allais has constantly sought to bring economic theory as close as possible to empirical observations; fostering communication between practitioners and theorists has therefore been one of his long standing priorities. In this ... Read more