| 書目名稱 | Finance‘s Wrong Turns | | 副標(biāo)題 | A New Foundation for | | 編輯 | Richard O. Michaud | | 視頻video | http://file.papertrans.cn/343/342900/342900.mp4 | | 概述 | Exposes a foundational crisis in financial theory and professional investment practice.Addresses the limitations and resolutions for more useful financial theory.Traces the major historical developmen | | 圖書封面 |  | | 描述 | .There is a foundational crisis in financial theory and professional investment practice: There is little, if any, credible evidence that active investment strategies and traditional institutional quantitative technologies are able to provide superior risk-adjusted, cost-adjusted return over investment relevant horizons...Economic and financial theory has been in error for more than fifty years and is the fundamental cause of the persistent ineffectiveness of professional asset management. Contemporary sociological and economic theory, agent-based modeling, and an appreciation of the social context for preference theory provides a rational and intuitive framework for understanding financial markets and economic behavior.? The author narrates his long-term experience in the use and limitations of traditional tools of quantitative asset management as an institutional asset manager in practice and as a quantitative analyst and strategist on Wall Street.? Monte Carlo simulation methods, modern statistical tools, and U.S. patented innovations are introduced to redefine portfolio optimality and procedures for enhanced professional asset management.? A new social context for expected util | | 出版日期 | Book 2023 | | 關(guān)鍵詞 | Financial markets; Monte Carlo simulation; Professional investment; Investment strategies; Asset managem | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-031-21863-7 | | isbn_softcover | 978-3-031-21865-1 | | isbn_ebook | 978-3-031-21863-7 | | copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl |
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