LEADER 04132nam 22006495 450 001 9910255046303321 005 20200703163841.0 010 $a3-319-55005-5 024 7 $a10.1007/978-3-319-55005-3 035 $a(CKB)3710000001632727 035 $a(DE-He213)978-3-319-55005-3 035 $a(MiAaPQ)EBC4987070 035 $a(EXLCZ)993710000001632727 100 $a20170824d2017 u| 0 101 0 $aeng 135 $aurnn|008mamaa 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aHeterodox Investment Theory $eStochastic Predictability and Uncertainty /$fby Thomas Pistorius 205 $a1st ed. 2017. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2017. 215 $a1 online resource (XIII, 257 p. 7 illus.) 311 $a3-319-55004-7 320 $aIncludes bibliographical references at the end of each chapters and index. 327 $aChapter 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. 330 $aThe 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. 606 $aInvestment banking 606 $aSecurities 606 $aPersonal finance 606 $aPension plans 606 $aCapital investments 606 $aEconomic theory 606 $aMacroeconomics 606 $aInvestments and Securities$3https://scigraph.springernature.com/ontologies/product-market-codes/626020 606 $aPersonal Finance/Wealth Management/Pension Planning$3https://scigraph.springernature.com/ontologies/product-market-codes/622000 606 $aInvestment Appraisal$3https://scigraph.springernature.com/ontologies/product-market-codes/612030 606 $aEconomic Theory/Quantitative Economics/Mathematical Methods$3https://scigraph.springernature.com/ontologies/product-market-codes/W29000 606 $aMacroeconomics/Monetary Economics//Financial Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W32000 615 0$aInvestment banking. 615 0$aSecurities. 615 0$aPersonal finance. 615 0$aPension plans. 615 0$aCapital investments. 615 0$aEconomic theory. 615 0$aMacroeconomics. 615 14$aInvestments and Securities. 615 24$aPersonal Finance/Wealth Management/Pension Planning. 615 24$aInvestment Appraisal. 615 24$aEconomic Theory/Quantitative Economics/Mathematical Methods. 615 24$aMacroeconomics/Monetary Economics//Financial Economics. 676 $a332.6 700 $aPistorius$b Thomas$4aut$4http://id.loc.gov/vocabulary/relators/aut$0988755 906 $aBOOK 912 $a9910255046303321 996 $aHeterodox Investment Theory$92260823 997 $aUNINA