This so-called Arrow security is at the foundation of modern finance theory. It allows market participants to economize on the number of commodities they need to trade. For instance, farmers can enter ...

Merton, Robert C. "On the Role of the Wiener Process in Finance Theory and Practice: The Case of Replicating Portfolios." In The Legacy of Norbert Wiener: A Centennial Symposium. Vol. 60, edited by D.

What’s going on? And most importantly: were pronouns in bio the only thing standing between America and total financial ruin? JK Rowling’s anti-asexual posting has us all scratching our heads ...

Econometrics is limited in that it relies on the inference of raw data without connecting it to established economic theory or looking for any causal relationships. Financial modeling is the act ...

It can help in contextualizing the genesis of a model or theory and to introduce pluralism. It can support an in-depth analysis of a model which considers the evolution of its applications in real ...

Traditional finance theory would argue that the rational decision stands to make the most profit. But real investors face complex emotions and decisions about money. They don’t always optimize.

Poised at the leading edge of finance theory and practice, our faculty members produce research that is consistently recognized in flagship journals. Faculty research is consistently recognized in ...

Students must have completed Principles of Finance (FM212 or FM213), Mathematical Methods (MA100) and Elementary Statistical Theory (ST102). Introduction to Econometrics, Principles of Econometrics or ...

David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning.

You could break free of financial limitations, stick to your budget and avoid a sense of deprivation by embracing the newest shopping trend. Called “stretch theory,” this approach focuses on ...