An engine, not a camera : how financial models shape markets / / Donald MacKenzie

• Autore: MacKenzie Donald A
• Pubblicazione: Cambridge, Mass., : MIT Press, ©2006
• 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 non controllato: SCIENCE, TECHNOLOGY & SOCIETY/General; ECONOMICS/Finance; ECONOMICS/General
• 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RepoAppendix G A Typical Swap-Spread Arbitrage Trade; Appendix H List of Interviewees; Glossary; Notes; Sources of Unpublished Documents; References; Series List; Index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
• ISBN: 0-262-25004-7; 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.: 9910824850303321
• Lo trovi qui: Univ. Federico II
• Serie: Inside technology.