THE MIT PRESS FUNDAMENTAL MODELS IN FINANCIAL THEORY 2014 RETAIL

TITLE: FUNDAMENTAL MODELS IN FINANCIAL THEORY
PUBLISHER: THE MIT PRESS LANGUAGE: ENGLISH
LINK: http://is.gd/juhr5H RELEASE TYPE: RETAIL
FORMAT: PDF RELEASE DATE: 2014.06.25
ISBN: 9780262026673 STORE DATE: 2014
SAVED.MONEY: 68 DOLLAR DISKCOUNT: 02 x 05MB
AUTHOR: DORON PELEG

BOOK

This book provides an innovative, integrated, and methodical
approach to understanding complex financial models, integrating
topics usually presented separately into a comprehensive whole
The book brings together financial models and high-level
mathematics, reviewing the mathematical background necessary for
understanding these models organically and in context. It begins
with underlying assumptions and progresses logically through
increasingly complex models to operative conclusions. Readers who
have mastered the material will gain the tools needed to put
theory into practice and incorporate financial models into
real-life investment, financial, and business scenarios. Modern
finance's most bothersome shortcoming is that the two basic
models for building an optimal investment portfolio, Markowitz's
mean-variance model and Sharpe and Treynor's Capital Asset
Pricing Model (CAPM), fall short when we try to apply them using
Excel Solver. This book explores these two models in detail, and
for the first time in a textbook the Black-Litterman model for
building an optimal portfolio constructed from a small number of
assets (developed at Goldman Sachs) is thoroughly presented. The
model's integration of personal views and its application using
Excel templates are demonstrated. The book also offers innovative
presentations of the Modigliani--Miller model and the
Consumption-Based Capital Asset Pricing Model (CCAPM). Problems
at the end of each chapter invite the reader to put the models
into immediate use. Fundamental Models in Financial Theory is
suitable for classroom use or as a reference for finance
practitioners