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The Resource The rise of the Quants : Marschak, Sharpe, Black, Scholes and Merton, Colin Read, (electronic book)

The rise of the Quants : Marschak, Sharpe, Black, Scholes and Merton, Colin Read, (electronic book)

Label
The rise of the Quants : Marschak, Sharpe, Black, Scholes and Merton
Title
The rise of the Quants
Title remainder
Marschak, Sharpe, Black, Scholes and Merton
Statement of responsibility
Colin Read
Creator
Subject
Genre
Language
eng
Summary
This is the third in a series of books about the 'great minds' in the history and theory of finance. The first book in the series examines the role of returns in our personal financial decisions. The second book adds risk and uncertainty to the mix. In the third book, Colin Read looks at the innovators who took the simple finance models of the 1940s and 1950s and developed from them the tools we use today to analyze the value of securities. These tools also revolutionized the study of finance and heralded in a new and distinctly American quant school of finance and decision making over time. This book chronicles the great minds who were transformational in taking the Ivory Tower to Wall Street. They answer the following questions: How do we measure risk? Can we standardize how our measure of risk affects a market-determined securities price? How does time affect the price path of a security? And, how does one determine the price of an option that derives its value based on the value of an underlying security? Finally, how can we use these tools to diversify our risk and optimize our portfolio? Their solutions to these questions transformed the static and theoretical world of economics into one that could cope with the quantification and time dynamic needs of modern finance. The author examines the pricing of securities and the risk/reward tradeoff through the legends, contribution, and legacies of Jacob Marschak, William Sharpe, Fischer Black and Myron Scholes, and Robert Merton. These Pricing Analysts provided us with the first effective models that allow the practitioner to price risk and the value of individual securities. They effectively bridged significant advances from the life cyclists in the 1940s and the portfolio theorists of the 1950s, and brought theory into practice. In doing so, these great minds forever established the relevancy of financial theory on the functioning of global financial markets. They also forever changed finance the clearly established the discipline as distinct from economics. This profound influence on both theory and practice is a hallmark of great minds
Cataloging source
UK-WkNB
http://library.link/vocab/creatorDate
1959-
http://library.link/vocab/creatorName
Read, Colin
Illustrations
illustrations
Index
no index present
LC call number
HG171
LC item number
.R339 2012eb
Literary form
non fiction
http://library.link/vocab/subjectName
  • Quantitative analysts
  • Financial engineering
  • Financial engineering
  • Speculation
  • Speculation
Label
The rise of the Quants : Marschak, Sharpe, Black, Scholes and Merton, Colin Read, (electronic book)
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Preface to the Series -- Introduction -- A Roadmap to Resolve the Big Questions -- Part I:Jacob Marschak The Early Years -- The Times -- The Theory -- Applications -- Life and Legacy -- Part II: William Forsyth Sharpe, John Lintner, Jan Mossin, and Jack Treynor -- The Early Years -- The Times -- The Theory -- Applications -- The Nobel Prize, Life, and Legacy -- Part III: Fischer Black and Myron Scholes -- The Early Years -- The Times -- The Theory -- Applications -- The Nobel Prize, Life, and Legacy -- Part IV: Robert Merton -- The Early Years -- The Times -- The Theory -- Applications -- The Nobel Prize, Life, and Legacy -- Part V: What we have learned -- Combined Contributions -- Conclusions -- Glossary -- Index -- Endnotes
Control code
9781137026149
Extent
208 p.
Form of item
electronic
Governing access note
Users can print and/or download individual articles/chapters and other individual items from Palgrave Connect ebooks, limited to no more than one chapter per title per authorised user
Isbn
9781137026149
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
ill.
Specific material designation
remote
Type of computer file
PDF
Label
The rise of the Quants : Marschak, Sharpe, Black, Scholes and Merton, Colin Read, (electronic book)
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Preface to the Series -- Introduction -- A Roadmap to Resolve the Big Questions -- Part I:Jacob Marschak The Early Years -- The Times -- The Theory -- Applications -- Life and Legacy -- Part II: William Forsyth Sharpe, John Lintner, Jan Mossin, and Jack Treynor -- The Early Years -- The Times -- The Theory -- Applications -- The Nobel Prize, Life, and Legacy -- Part III: Fischer Black and Myron Scholes -- The Early Years -- The Times -- The Theory -- Applications -- The Nobel Prize, Life, and Legacy -- Part IV: Robert Merton -- The Early Years -- The Times -- The Theory -- Applications -- The Nobel Prize, Life, and Legacy -- Part V: What we have learned -- Combined Contributions -- Conclusions -- Glossary -- Index -- Endnotes
Control code
9781137026149
Extent
208 p.
Form of item
electronic
Governing access note
Users can print and/or download individual articles/chapters and other individual items from Palgrave Connect ebooks, limited to no more than one chapter per title per authorised user
Isbn
9781137026149
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
ill.
Specific material designation
remote
Type of computer file
PDF

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