.png){kind=logo}
Stock image for illustration purposes only - book cover, edition or condition may vary.
Postmodern Portfolio Theory: Navigating Abnormal Markets and Investor Behavior (Quantitative Perspectives on Behavioral Economics and Finance)
James Ming Chen
€ 161.52
FREE Delivery in Ireland
Description for Postmodern Portfolio Theory: Navigating Abnormal Markets and Investor Behavior (Quantitative Perspectives on Behavioral Economics and Finance)
Hardcover. Series: Quantitative Perspectives on Behavioral Economics and Finance. Num Pages: 359 pages, 1 black & white illustrations, 8 colour illustrations, 16 black & white tables, biography. BIC Classification: KCA; KCB; KFFM. Category: (G) General (US: Trade). Dimension: 159 x 217 x 25. Weight in Grams: 592.
This survey of portfolio theory, from its modern origins through more sophisticated, “postmodern” incarnations, evaluates portfolio risk according to the first four moments of any statistical distribution: mean, variance, skewness, and excess kurtosis. In pursuit of financial models that more accurately describe abnormal markets and investor psychology, this book bifurcates beta on either side of mean returns. It then evaluates this traditional risk measure according to its relative volatility and correlation components. After specifying a four-moment capital asset pricing model, this book devotes special attention to measures of market risk in global banking regulation. Despite the deficiencies of modern portfolio theory, ... Read more
This survey of portfolio theory, from its modern origins through more sophisticated, “postmodern” incarnations, evaluates portfolio risk according to the first four moments of any statistical distribution: mean, variance, skewness, and excess kurtosis. In pursuit of financial models that more accurately describe abnormal markets and investor psychology, this book bifurcates beta on either side of mean returns. It then evaluates this traditional risk measure according to its relative volatility and correlation components. After specifying a four-moment capital asset pricing model, this book devotes special attention to measures of market risk in global banking regulation. Despite the deficiencies of modern portfolio theory, ... Read more
Product Details
Format
Hardback
Publication date
2016
Publisher
Palgrave Macmillan
Condition
New
Series
Quantitative Perspectives on Behavioral Economics and Finance
Number of Pages
339
Place of Publication
Basingstoke, United Kingdom
ISBN
9781137544636
SKU
V9781137544636
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About James Ming Chen
James Ming Chen holds the Justin Smith Morrill Chair in Law at Michigan State University, USA. He teaches, lectures, and writes widely on law, economics, and regulation. His books, Disaster Law and Policy and Postmodern Portfolio Theory, cover a broad range of issues concerning extreme events and risk management, from natural to financial disasters. He is of counsel to the ... Read more
Reviews for Postmodern Portfolio Theory: Navigating Abnormal Markets and Investor Behavior (Quantitative Perspectives on Behavioral Economics and Finance)