Experiments in Quantitative Finance

Business & Finance, Finance & Investing, Finance
Cover of the book Experiments in Quantitative Finance by Joel Gibbons, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Joel Gibbons ISBN: 9781351521017
Publisher: Taylor and Francis Publication: July 28, 2017
Imprint: Routledge Language: English
Author: Joel Gibbons
ISBN: 9781351521017
Publisher: Taylor and Francis
Publication: July 28, 2017
Imprint: Routledge
Language: English

This book presents a novel approach to characterizing markets in quantitative terms. The examples cut across the world of interest rates, price of gold, stock market and corporate worlds that the stock market rests on, and the pricing of options on financial instruments. The emphasis is on methods of inquiry, methods that can just as easily be applied to other markets and other economic phenomena as well. The goal is to make the methods available to the widest possible audience of quantitative analysts and to the trading desks and investment plans they feed.Quantitative research and modeling in finance and economics have a long history going back to Frank Ramsey, mathematician, logician, and economist, who pioneered the application of dynamic models in economics in the 1920s, and to his theory of the Ramsey Tax, which is a rule for apportioning tax rates in a way that raises the maximum tax revenues while impacting the decisions of taxpayers as little as possible. The opposite would be a tax so inefficient that it causes people to avoid doing whatever it is that subjects them to the tax.These experiments yield valuable insight into economic affairs, but they are only a stepping-stone for others—a starting point for discovery. Foremost among them is locating usable statistical findings to the investment world. Gibbons' intention is not to provide investment advice, it is to provide education. These data are subject to changing results, but that should not diminish their educational value. This is a proactive fusion of business economics and sound social science methods.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book presents a novel approach to characterizing markets in quantitative terms. The examples cut across the world of interest rates, price of gold, stock market and corporate worlds that the stock market rests on, and the pricing of options on financial instruments. The emphasis is on methods of inquiry, methods that can just as easily be applied to other markets and other economic phenomena as well. The goal is to make the methods available to the widest possible audience of quantitative analysts and to the trading desks and investment plans they feed.Quantitative research and modeling in finance and economics have a long history going back to Frank Ramsey, mathematician, logician, and economist, who pioneered the application of dynamic models in economics in the 1920s, and to his theory of the Ramsey Tax, which is a rule for apportioning tax rates in a way that raises the maximum tax revenues while impacting the decisions of taxpayers as little as possible. The opposite would be a tax so inefficient that it causes people to avoid doing whatever it is that subjects them to the tax.These experiments yield valuable insight into economic affairs, but they are only a stepping-stone for others—a starting point for discovery. Foremost among them is locating usable statistical findings to the investment world. Gibbons' intention is not to provide investment advice, it is to provide education. These data are subject to changing results, but that should not diminish their educational value. This is a proactive fusion of business economics and sound social science methods.

More books from Taylor and Francis

Cover of the book Cognitive-Behavioral Interventions in Educational Settings by Joel Gibbons
Cover of the book Training to Teach in the Learning and Skills Sector by Joel Gibbons
Cover of the book Shakespeare, Cinema, Counter-Culture by Joel Gibbons
Cover of the book Meeting the Standards in Primary Mathematics by Joel Gibbons
Cover of the book Epistemics and Economics by Joel Gibbons
Cover of the book Routledge Revivals: A Failed Strategy (1993) by Joel Gibbons
Cover of the book The State and Indigenous Movements by Joel Gibbons
Cover of the book The Social Skills Handbook by Joel Gibbons
Cover of the book Space, Place and Inclusive Learning by Joel Gibbons
Cover of the book The Nature of the Mind by Joel Gibbons
Cover of the book Conscience and Convenience by Joel Gibbons
Cover of the book Towards a critique of Foucault by Joel Gibbons
Cover of the book The Gay Past by Joel Gibbons
Cover of the book The Routledge Handbook of Translation and Politics by Joel Gibbons
Cover of the book Gerard Manley Hopkins by Joel Gibbons
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy