UID:
almafu_9960950829502883
Format:
1 online resource (392 p.)
Edition:
1st ed.
ISBN:
9786612097676
,
9780262250047
,
0262250047
,
9781282097674
,
1282097679
,
9780262278805
,
0262278804
,
9781423774488
,
1423774485
Series Statement:
Inside technology
Content:
This pioneering work in the social studies of finance describes how the emergence of modern finance theory has affected financial markets in fundamental ways. Paraphrasing Milton Friedman, the author says that economic models are an engine of inquiry rather than a camera to reproduce empirical facts.
Note:
Description based upon print version of record.
,
Acknowledgements; 1 Performing Theory?; 2 Transforming Finance; 3 Theory and Practice; 4 Tests, Anomalies, and Monsters; 5 Pricing Options; 6 Pits, Bodies, and Theorems; 7 The Fall; 8 Arbitrage; 9 Models and Markets; Appendix A An Example of Modigliani and Miller's "Arbitrage Proof" of the Irrelevance of Capital Structure to Total Market Value; Appendix B Lévy Distributions; Appendix C Sprenkle's and Kassouf's Equations for Warrant Prices; Appendix D The Black-Scholes Equation for a European Option on a Non- Dividend-Bearing Stock; Appendix E Pricing Options in a Binomial World
,
Appendix F Repo, Haircuts, and Reverse RepoAppendix G A Typical Swap-Spread Arbitrage Trade; Appendix H List of Interviewees; Glossary; Notes; Sources of Unpublished Documents; References; Series List; Index
,
English
Additional Edition:
ISBN 9780262134606
Additional Edition:
ISBN 0262134608
Language:
English
URL:
MIT scholarship online
