The following text field will produce suggestions that follow it as you type.

Loading Inventory...

Indigo

Postmodern Portfolio Theory by James Ming Chen, Hardcover | Indigo Chapters

From James Ming Chen

Current price: $204.50
Postmodern Portfolio Theory by James Ming Chen, Hardcover | Indigo Chapters
Postmodern Portfolio Theory by James Ming Chen, Hardcover | Indigo Chapters

Indigo

Postmodern Portfolio Theory by James Ming Chen, Hardcover | Indigo Chapters

From James Ming Chen

Current price: $204.50
Loading Inventory...

Size: 1 x 8.27 x 12.48

Buy OnlineGet it at Indigo
*Product information may vary - to confirm product availability, pricing, shipping and return information please contact Indigo
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, contemporary finance continues to rest on mean-variance optimization and the two-moment capital asset pricing model. The term postmodern portfolio theory captures many of the advances in financial learning since the original articulation of modern portfolio theory. A comprehensive approach to financial risk management must address all aspects of portfolio theory, from the beautiful symmetries of modern portfolio theory to the disturbing behavioral insights and the vastly expanded mathematical arsenal of the postmodern critique. Mastery of postmodern portfolio theory's quantitative tools and behavioral insights holds the key to the efficient frontier of risk management. | Postmodern Portfolio Theory by James Ming Chen, Hardcover | Indigo Chapters

More About Indigo at St. Vital Centre

Canada's Largest Bookstore. Indigo is the largest book, gift and specialty toy retailer in Canada

Powered by Adeptmind