Released on 2002-08-19Categories Business & Economics

Puzzles of Finance

Puzzles of Finance

Author: Mark P. Kritzman

Publisher: John Wiley & Sons

ISBN: 0471228842

Category: Business & Economics

Page: 214

View: 582

". . . shining clarity and enviable originality" --Peter L. Bernstein, author of Against the Gods "Mark Kritzman presents the reader with an entertaining way of learning some serious finance." --Harry Markowitz, Nobel Prize Recipient, 1990, Economic Sciences President, Harry Markowitz Company Six challenging questions . . . six entertaining solutions, profound yet straightforward, and relevant to the everyday challenge of investing and investment management. Puzzles of Finance takes on today's most persistently challenging financial questions and, through clever examples and just plain logic, helps you move beyond those questions to arrive at a deeper understanding of finance and the daily management of money. From Siegel's Paradox ("Is it possible to profit from asymmetry of exchange rate changes?") to questions of option value ("Why is the value of an option unaffected by the underlying asset's expected return?"), Puzzles of Finance goes beyond vague theoretical suppositions to supply practical, concrete solutions that investors and money managers can benefit from every day. While the intellectually curious will be drawn to Puzzles of Finance, it is the day-to-day finance professional who will derive the most benefit from this remarkable book. In clear, concise language-with more than a touch of humor-renowned author and financial professional Mark Kritzman simplifies six of today's most perplexing financial riddles. Along the way, he presents a finance primer as practical as it is profound, as illuminating as it is entertaining. Kritzman artfully explores the relationship of such seemingly disparate fields as botany and thermodynamics to options. These proofs propel Puzzles of Finance forward with the pace of a novel. An easy-to-understand primer on financial concepts and quantitative methods combined with a technical glossary ensures that no concept is misunderstood. The result is an unprecedented book that will change the way you view finance and investing. When you invest your time in reading Puzzles of Finance, you will uncover some of the most probing and insightful lessons in financial literature today. For updates on new and bestselling Wiley Finance books: wiley.com/wbns Critical Praise for Puzzles of Finance ". . . an extraordinary combination of the elements of finance, commonsense wisdom, sparkling humor, shining clarity, and enviable originality. This is a potent blend by any standard of measurement. Long time Kritzman watchers, however, would anticipate nothing less." --Peter L. Bernstein, Author, Against the Gods "A modest, lively, clever, little book. Kritzman's puzzles range from party tidbits to the profound, and each is presented with a bit of history, a lot of insight, and just the right measure of wit. While he may not have intended it to be more than a collection of interesting conundrums, Kritzman has actually created a wonderful introduction to finance for the uninitiated with challenges for even the most sophisticated." --Stephen A. Ross, Franco Modigliani Professor of Finance and Economics, Sloan School, MIT; Co-Chairman, Roll and Ross Asset Management Corp. "Some people do crosswords. Mark Kritzman does financial puzzles and his explications amuse and instruct. Financial theory has never been this much fun."-Jack R. Meyer, President, Harvard Management Company "Puzzles of Finance should be a joy to finance mavens and even their friends! Perhaps all students of the field should be required to solve these six puzzles; they go to the heart of the intuitions for essential contributions, such as the pricing of options, the meaning of efficient diversification, and the definition of risk." --Kenneth A. Froot, Andre R. Jakurski Professor of Business Administration and Director of Research, Harvard Business School
Released on 2000-05-03Categories Business & Economics

Puzzles of Finance

Puzzles of Finance

Author: Mark P. Kritzman

Publisher: John Wiley & Sons

ISBN: 9780471246572

Category: Business & Economics

Page: 209

View: 291

". . . shining clarity and enviable originality" --Peter L. Bernstein, author of Against the Gods "Mark Kritzman presents the reader with an entertaining way of learning some serious finance." --Harry Markowitz, Nobel Prize Recipient, 1990, Economic Sciences President, Harry Markowitz Company Six challenging questions . . . six entertaining solutions, profound yet straightforward, and relevant to the everyday challenge of investing and investment management. Puzzles of Finance takes on today's most persistently challenging financial questions and, through clever examples and just plain logic, helps you move beyond those questions to arrive at a deeper understanding of finance and the daily management of money. From Siegel's Paradox ("Is it possible to profit from asymmetry of exchange rate changes?") to questions of option value ("Why is the value of an option unaffected by the underlying asset's expected return?"), Puzzles of Finance goes beyond vague theoretical suppositions to supply practical, concrete solutions that investors and money managers can benefit from every day. While the intellectually curious will be drawn to Puzzles of Finance, it is the day-to-day finance professional who will derive the most benefit from this remarkable book. In clear, concise language-with more than a touch of humor-renowned author and financial professional Mark Kritzman simplifies six of today's most perplexing financial riddles. Along the way, he presents a finance primer as practical as it is profound, as illuminating as it is entertaining. Kritzman artfully explores the relationship of such seemingly disparate fields as botany and thermodynamics to options. These proofs propel Puzzles of Finance forward with the pace of a novel. An easy-to-understand primer on financial concepts and quantitative methods combined with a technical glossary ensures that no concept is misunderstood. The result is an unprecedented book that will change the way you view finance and investing. When you invest your time in reading Puzzles of Finance, you will uncover some of the most probing and insightful lessons in financial literature today. For updates on new and bestselling Wiley Finance books: wiley.com/wbns Critical Praise for Puzzles of Finance ". . . an extraordinary combination of the elements of finance, commonsense wisdom, sparkling humor, shining clarity, and enviable originality. This is a potent blend by any standard of measurement. Long time Kritzman watchers, however, would anticipate nothing less." --Peter L. Bernstein, Author, Against the Gods "A modest, lively, clever, little book. Kritzman's puzzles range from party tidbits to the profound, and each is presented with a bit of history, a lot of insight, and just the right measure of wit. While he may not have intended it to be more than a collection of interesting conundrums, Kritzman has actually created a wonderful introduction to finance for the uninitiated with challenges for even the most sophisticated." --Stephen A. Ross, Franco Modigliani Professor of Finance and Economics, Sloan School, MIT; Co-Chairman, Roll and Ross Asset Management Corp. "Some people do crosswords. Mark Kritzman does financial puzzles and his explications amuse and instruct. Financial theory has never been this much fun."-Jack R. Meyer, President, Harvard Management Company "Puzzles of Finance should be a joy to finance mavens and even their friends! Perhaps all students of the field should be required to solve these six puzzles; they go to the heart of the intuitions for essential contributions, such as the pricing of options, the meaning of efficient diversification, and the definition of risk." --Kenneth A. Froot, Andre R. Jakurski Professor of Business Administration and Director of Research, Harvard Business School
Released on 1994Categories Day care centers

Puzzles in International Financial Markets

Puzzles in International Financial Markets

Author: Karen K. Lewis

Publisher:

ISBN: UCSD:31822018962415

Category: Day care centers

Page: 94

View: 203

This paper presents a survey of two basic puzzles in international finance. The first puzzle is the `predictable excess return puzzle.' The returns on foreign currency deposits relative to domestic currency deposits should be equalized based upon uncovered interest parity. However, not only do researchers find that deviations from uncovered interest parity are predictable ex ante, but their variance exceeds the variance in expected exchange rate changes. In the paper, I describe different explanations of this phenomenon including the view that excess returns are driven by a foreign exchange risk premium, peso problems or learning, and market inefficiencies. While the research to date has been able to better define the `predictable excess return puzzle' and to suggest the most likely directions for future progress, no one explanation has provided a full answer to the puzzle. The second puzzle is the `home bias puzzle.' Empirical evidence shows that domestic residents do not diversify sufficiently into foreign stocks. This evidence is clear whether looking at models based on portfolio holdings or outcomes of consumption realizations across countries. In this paper, I examine several possible explanations including non-traded goods and market inefficiencies, although even after considering these possibilities, the puzzle remains.
Released on 2021-03-31Categories

All Things Finance - Word Search Puzzle Book

All Things Finance - Word Search Puzzle Book

Author: Rowan Jetsets Publishing

Publisher:

ISBN: 9798731402101

Category:

Page: 164

View: 733

Enjoy this financial world word search puzzle.-102 puzzles-Solutions included-Learn some of the names of the movers and shakers of this global economy-New vocabulary to learn and finance words and names to enjoy-All puzzles themed with finance, money and economic words
Released on 2008-06-20Categories Business & Economics

International Business Scholarship

International Business Scholarship

Author: Jean J. Boddewyn

Publisher: Emerald Group Publishing

ISBN: 9780762314706

Category: Business & Economics

Page: 431

View: 937

The AIB Fellows Group includes top researchers, educators, and administrators in the IB field. This book covers the growth of several functional areas (marketing, advertising, and finance). It reviews problems of methodological rigor in IB research. It also traces the history and evolution of IB studies.
Released on 2016Categories Business & Economics

Productivity Puzzles Across Europe

Productivity Puzzles Across Europe

Author: Philippe Askenazy

Publisher: Oxford University Press

ISBN: 9780198786160

Category: Business & Economics

Page: 338

View: 175

A volume on labour productivity in Europe in the aftermath of the 2008 financial crisis. It provides rationales for recent productivity trends in France, the UK, Germany, and Spain, and analyses policy responses to the crisis and how these have affected post-recession outcomes.
Released on 2005-07-25Categories Business & Economics

Advances in Behavioral Finance, Volume II

Advances in Behavioral Finance, Volume II

Author: Richard H. Thaler

Publisher: Princeton University Press

ISBN: 9780691121758

Category: Business & Economics

Page: 739

View: 335

A definitive and wide-ranging overview of developments in behavioural finance over the past ten years. This second volume presents twenty recent papers by leading specialists that illustrate the abiding power of behavioural finance.
Released on 2011-10-31Categories Self-Help

The Puzzle: Putting Together the Pieces Toward a Successful Financial Future

The Puzzle: Putting Together the Pieces Toward a Successful Financial Future

Author: Anthony W. Bernard

Publisher: Xlibris Corporation

ISBN: 9781465353290

Category: Self-Help

Page: 153

View: 370

In life, there are many things that you see, experience, and learn from family, friends, and the public at large. This information learned from the past can either set you up to fail or provide a road map to reaching your financial goals, visions, and dreams you set for your life. The Puzzle is a book written to teach teens and adults how to build strong fi nancial habits. These habits will empower, educate, and provide the clarity you need to go from where you are today to where you want to be financially.
Released on 2021-08-10Categories Common fallacies

Controversies in Economics and Finance

Controversies in Economics and Finance

Author: Imad A. Moosa

Publisher:

ISBN: 1802203281

Category: Common fallacies

Page: 272

View: 195

In this fascinating book, Imad A. Moosa challenges existing preconceptions surrounding normative economics, arguing that what some economists see as undisputed facts of life may be myths caused by dogmatic thinking. With this in mind, Moosa argues that the alleged puzzles found in the economics and finance literature are not puzzles at all, because they can be explained intuitively, without the need for complex models or the extravaganza of econometrics. Plausible explanations are suggested for puzzles in various areas of economics and finance, such as the home bias puzzle, the PPP puzzle and the presidential puzzle. The author explains why some common beliefs are, in fact, myths, including those of the power of the market, inefficiency of the public sector and the use of low-interest policy to combat the depression caused by the Covid-19 outbreak. Controversies in Economics and Financeis a thought-provoking and stimulating read that exposes common flaws in economic analysis. It will be of great benefit to academics, graduate students and policy-makers looking to understand the limits of economic analysis.