03835oam 22007694a 450 991082485030332120190503073334.00-262-25004-71-282-09767-997866120976760-262-27880-41-4237-7448-59780262134606(CKB)1000000000461573(EBL)3338571(SSID)ssj0000147453(PQKBManifestationID)11137578(PQKBTitleCode)TC0000147453(PQKBWorkID)10013679(PQKB)10778616(StDuBDS)EDZ0000131163(OCoLC)69662285(OCoLC)228169924(OCoLC)228169925(OCoLC)253932511(OCoLC)473716149(OCoLC)568000627(OCoLC)648225075(OCoLC)654385487(OCoLC)655189020(OCoLC)722565153(OCoLC)728037146(OCoLC)741343319(OCoLC)815776441(OCoLC)888562454(OCoLC)961522782(OCoLC)962588438(OCoLC)988502999(OCoLC)991985885(OCoLC)1037462317(OCoLC)1037908562(OCoLC)1038628511(OCoLC)1058058481(OCoLC)1081279752(OCoLC)1083555256(OCoLC-P)69662285(MaCbMITP)2757(Au-PeEL)EBL3338571(CaPaEBR)ebr10173629(CaONFJC)MIL209767(OCoLC)69662285(PPN)170239195(MiAaPQ)EBC3338571(EXLCZ)99100000000046157320060531d2006 uy 0engurcn|||||||||txtccrAn engine, not a camera how financial models shape markets /Donald MacKenzieCambridge, Mass. MIT Press©20061 online resource (392 p.)Inside technologyDescription based upon print version of record.0-262-13460-8 Includes bibliographical references and index.Acknowledgements; 1 Performing Theory?; 2 Transforming Finance; 3 Theory and Practice; 4 Tests, Anomalies, and Monsters; 5 Pricing Options; 6 Pits, Bodies, and Theorems; 7 The Fall; 8 Arbitrage; 9 Models and Markets; Appendix A An Example of Modigliani and Miller's "Arbitrage Proof" of the Irrelevance of Capital Structure to Total Market Value; Appendix B Lévy Distributions; Appendix C Sprenkle's and Kassouf's Equations for Warrant Prices; Appendix D The Black-Scholes Equation for a European Option on a Non- Dividend-Bearing Stock; Appendix E Pricing Options in a Binomial WorldAppendix F Repo, Haircuts, and Reverse RepoAppendix G A Typical Swap-Spread Arbitrage Trade; Appendix H List of Interviewees; Glossary; Notes; Sources of Unpublished Documents; References; Series List; IndexThis pioneering work in the social studies of finance describes how the emergence of modern finance theory has affected financial markets in fundamental ways. Paraphrasing Milton Friedman, the author says that economic models are an engine of inquiry rather than a camera to reproduce empirical facts.Inside technology.Capital marketMathematical modelsDerivative securitiesMathematical modelsFinancial crisesMathematical modelsFinancial crisesCase studiesSCIENCE, TECHNOLOGY & SOCIETY/GeneralECONOMICS/FinanceECONOMICS/GeneralCapital marketMathematical models.Derivative securitiesMathematical models.Financial crisesMathematical models.Financial crises332/.01/5195MacKenzie Donald A464054OCoLC-POCoLC-PBOOK9910824850303321An engine, not a camera3924036UNINA