The Portfolio Theorists: Von Neumann, Savage, Arrow and Markowitz

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The Portfolio Theorists: Von Neumann, Savage, Arrow and Markowitz

Format:  Hardcover,

228 pages

Publisher: Palgrave Macmillan

Publish Date: Jan 2012

ISBN-13: 9780230274143

ISBN-10: 0230274145

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The following content was provided by the publisher.
Readexamines probability, risk, and uncertainty through the contributions of John von Neumann, Leonard Jimmie Savage, Kenneth Arrow and Harry Markowitz. These Portfolio Theorists provided us with a dramatic leap forward in our understanding and insights of financial rewards under risk and uncertainty.

Specifications

Author:
Publisher: Palgrave Macmillan
Publish Date: Jan 2012
ISBN-13: 9780230274143
ISBN-10: 0230274145
Format: Hardcover
Number of Pages: 228
Shipping Weight (in pounds): 1.05
Product in Inches (L x W x H): 5.5 x 0.9 x 8.6
Walmart No.: 9780230274143

Chapter outline

List of Figures and Tablesp. vii
Preface to the Great Minds in Finance seriesp. viii
Introductionp. 1
A Roadmap to Resolve the Big Questionp. 6
John von Neumannp. 9
The Early Years of John von Neumann and Oskar Morgensternp. 11
The Times and the Beginning of an Erap. 19
The Theory of von Neumann and Morgensternp. 32
Applications and Elaborations of the von Neumann-Morgenstern Modelp. 46
The Later Life and Legacy of von Neumann and Morgensternp. 56
Leonard Jimmie Savagep. 71
The Early Yearsp. 73
Friedman and Savage's Timesp. 80
The Theory of Friedman and Savagep. 91
Applications of the Concept of Subjective Probabilitiesp. 106
Life and Legacyp. 114
Kenneth J. Arrowp. 125
The Early Yearsp. 127
The Timesp. 140
Arrow's Great Ideap. 148
Applications of the Contingent Claims Modelp. 159
Life, Legacy, and the Nobel Prizep. 165
Harry Markowitzp. 171
The Early Yearsp. 173
The Times and a New Paradigm in Personal Financep. 177
The Theory of an Efficient Portfoliop. 184
Applications of Portfolio Theoryp. 193
Life, Legacy, and the Nobel Prizep. 200
What We Have Learnedp. 205
Combined Contributions in Portfolio Theoryp. 207
Conclusionsp. 211
Glossaryp. 214
Notesp. 218
Indexp. 226

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