Heterodox Investment Theory Stochastic Predictability and Uncertainty /

The best and the brightest investment gurus often rely on rational, statistical calculations of risk and return of investments. Pistorius traces their rhetoric and comes to a modest conclusion that stochastic predictability does not exist in investing. Thus, if we follow investment advice, we are ga...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Pistorius, Thomas (Συγγραφέας)
Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
Γλώσσα:English
Έκδοση: Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2017.
Θέματα:
Διαθέσιμο Online:Full Text via HEAL-Link
LEADER 03147nam a22004575i 4500
001 978-3-319-55005-3
003 DE-He213
005 20170824160940.0
007 cr nn 008mamaa
008 170824s2017 gw | s |||| 0|eng d
020 |a 9783319550053  |9 978-3-319-55005-3 
024 7 |a 10.1007/978-3-319-55005-3  |2 doi 
040 |d GrThAP 
100 1 |a Pistorius, Thomas.  |e author. 
245 1 0 |a Heterodox Investment Theory  |h [electronic resource] :  |b Stochastic Predictability and Uncertainty /  |c by Thomas Pistorius. 
264 1 |a Cham :  |b Springer International Publishing :  |b Imprint: Palgrave Macmillan,  |c 2017. 
300 |a XIII, 257 p. 7 illus.  |b online resource. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
347 |a text file  |b PDF  |2 rda 
505 0 |a Chapter 1: Introduction -- Chapter 2: The History of Investment Theory.-Chapter 3: Investment Theory, Probability Theory, and Uncertainty -- Chapter 4: Beyond Statistics: A New Rhetoric for Investment Theory -- Chapter 5: The Culture of Investing -- Chapter 6: Conclusions. 
520 |a The best and the brightest investment gurus often rely on rational, statistical calculations of risk and return of investments. Pistorius traces their rhetoric and comes to a modest conclusion that stochastic predictability does not exist in investing. Thus, if we follow investment advice, we are gambling because of their rank in professional hierarchies of status and authority, not because of their access to the holy grail of a successful prediction. — Slawomir Magala, Professor of cross-cultural management (emeritus), Rotterdam School of Management, Netherlands, and, Professor of management and social communication, Jagiellonian University Cracow, Poland  This book combines the study of rhetoric, history, philosophy, philosophy of statistics and the culture of investing to discuss the foundations of stochastic predictability in investment theory. Besides discussing the problem of stochastic prediction, the book also covers alternative investment theories. Ideas from uncertainty economics, expressed by the likes of Keynes, Knight, Von Mises, Taleb and McCloskey are also discussed. This book will be of interest to researchers and academics in the field of investment theory, as well as investment practitioners. 
650 0 |a Finance. 
650 0 |a Investment banking. 
650 0 |a Securities. 
650 0 |a Capital investments. 
650 0 |a Economic theory. 
650 0 |a Macroeconomics. 
650 1 4 |a Finance. 
650 2 4 |a Investments and Securities. 
650 2 4 |a Personal Finance/Wealth Management/Pension Planning. 
650 2 4 |a Investment Appraisal. 
650 2 4 |a Economic Theory/Quantitative Economics/Mathematical Methods. 
650 2 4 |a Macroeconomics/Monetary Economics//Financial Economics. 
710 2 |a SpringerLink (Online service) 
773 0 |t Springer eBooks 
776 0 8 |i Printed edition:  |z 9783319550046 
856 4 0 |u http://dx.doi.org/10.1007/978-3-319-55005-3  |z Full Text via HEAL-Link 
912 |a ZDB-2-ECF 
950 |a Economics and Finance (Springer-41170)