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An engine, not a camera [[electronic resource] ] : how financial models shape markets / / Donald MacKenzie



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Autore: MacKenzie Donald A Visualizza persona
Titolo: An engine, not a camera [[electronic resource] ] : how financial models shape markets / / Donald MacKenzie Visualizza cluster
Pubblicazione: Cambridge, Mass., : MIT Press, c2006
Descrizione fisica: 1 online resource (392 p.)
Disciplina: 332/.01/5195
Soggetto topico: Capital market - Mathematical models
Derivative securities - Mathematical models
Financial crises - Mathematical models
Financial crises
Soggetto genere / forma: Electronic books.
Note generali: Description based upon print version of record.
Nota di bibliografia: Includes bibliographical references and index.
Nota di contenuto: 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 World
Appendix 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RepoAppendix G A Typical Swap-Spread Arbitrage Trade; Appendix H List of Interviewees; Glossary; Notes; Sources of Unpublished Documents; References; Series List; Index
Sommario/riassunto: This 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.
Titolo autorizzato: An engine, not a camera  Visualizza cluster
ISBN: 1-282-09767-9
9786612097676
0-262-27880-4
1-4237-7448-5
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910452254503321
Lo trovi qui: Univ. Federico II
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Serie: Inside technology.