{"product_id":"riskreturn-analysis-volume-3-9780071818315","title":"RiskReturn Analysis Volume 3","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cstrong\u003eThe man who created investing as we know it provides critical insights, knowledge, and tools for generating steady profits in todayâs economy.\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003eWhen Harry Markowitz introduced the concept of examining and purchasing a range of diverse stocksâin essence, the practice of creating a portfolioâhe transformed the world of investing. The idea was novel, even radical, when he presented it in 1952 for his dissertation. Today, itâs second-nature to the majority of investors worldwide.  \u003c\/p\u003e\u003cp\u003eNow, the legendary economist returns with the third volume of his groundbreaking four-volume \u003cem\u003eRisk-Return Analysis\u003c\/em\u003e series, where he corrects common misperceptions about Modern Portfolio Theory (MPT) and provides critical insight into the practice of MPT over the last 60 years. He guides you through process of making rational decisions in the face of uncertaintyâmaking this a critical guide to investing in todayâs economy. \u003c\/p\u003e\u003cp\u003eFrom the Laffer Curve to RDM Reasoning t\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e Preface \u003cbr\u003eThe Rational Decision Maker\u003cbr\u003eWords of Wisdom\u003cbr\u003eJohn von Neumann\u003cbr\u003e\u003cbr\u003e Acknowledgments\u003cbr\u003e\u003cbr\u003e13. Predecessors \u003cbr\u003eIntroduction \u003cbr\u003eRené Descartes \u003cbr\u003eThere Is No “Is,” Only “Was” and “Will Be” \u003cbr\u003eWorking Hypotheses \u003cbr\u003eRDM Reasoning \u003cbr\u003eDavid Hume \u003cbr\u003eEudaimonia \u003cbr\u003eFinancial Economic Discoveries \u003cbr\u003eEconomic Analyses That Have Stood\u003cbr\u003ethe Test of Time \u003cbr\u003eConstructive Skepticism \u003cbr\u003eIsaac Newton, Philosopher \u003cbr\u003eFields Other Than Physics \u003cbr\u003eKarl Popper \u003cbr\u003eMysticism \u003cbr\u003eCaveats \u003cbr\u003eCharles Peirce \u003cbr\u003eImmanuel Kant \u003cbr\u003eWhat an RDM Can Know A Priori\u003cbr\u003e \u003cbr\u003e14. Deduction First Principles \u003cbr\u003eIntroduction \u003cbr\u003eThe Great Debate \u003cbr\u003eOne More Reason for Studying\u003cbr\u003eCantor’s Set Theory \u003cbr\u003e“Very Few Understood It” \u003cbr\u003eFinite Cardinal Arithmetic \u003cbr\u003eRelative Sizes of Finite Sets \u003cbr\u003eFinite Ordinal Arithmetic \u003cbr\u003eStandard Ordered Sets (SOSs) \u003cbr\u003eFinite Cardinal and Ordinal Numbers \u003cbr\u003eCantor (101) \u003cbr\u003eTheorem \u003cbr\u003eProof \u003cbr\u003eCorollary \u003cbr\u003eProof \u003cbr\u003eTransfinite Cardinal Numbers \u003cbr\u003eThe Continuum Hypothesis \u003cbr\u003eTransfinite Cardinal Arithmetic \u003cbr\u003eLemma \u003cbr\u003eTransfinite Ordinal Numbers\u003cbr\u003eExamples of Well-Ordered and\u003cbr\u003eNot Well-Ordered Sets\u003cbr\u003eTransfinite Ordinal Arithmetic\u003cbr\u003eExtended SOSs\u003cbr\u003eLemma\u003cbr\u003eProof\u003cbr\u003eThe Paradoxes (a.k.a. Antimonies) \u003cbr\u003eThree Directions \u003cbr\u003eFrom Aristotle to Hume to Hilbert \u003cbr\u003eBritish Empiricism versus Continental\u003cbr\u003eRationalism \u003cbr\u003eWho Created What? \u003cbr\u003eCantor Reconsidered \u003cbr\u003eBrouwer’s Objections \u003cbr\u003eAxiomatic Set Theory \u003cbr\u003ePeano’s Axioms (PAs) \u003cbr\u003eHilbert’s Programs \u003cbr\u003eWhitehead and Russell \u003cbr\u003eZermelo’s Axioms \u003cbr\u003eThe “Axiom of Choice” \u003cbr\u003eThe Trichotomy Equivalent to the Axiom of Choice \u003cbr\u003eKurt Gödel (1906–1978) \u003cbr\u003eThoralf Skolem (1887–1863) \u003cbr\u003e\u003cbr\u003e15. Logic is Programming is Logic \u003cbr\u003eIntroduction \u003cbr\u003eTerminology \u003cbr\u003eNumber Systems and the EAS Structures\u003cbr\u003eBuilt on Them \u003cbr\u003eDeductive Systems as Programming Languages \u003cbr\u003eA Variety of Deductive DSSs \u003cbr\u003eAlternative Rules of Inference \u003cbr\u003e“Ladders” and “Fire Escapes” \u003cbr\u003eOrganon 2000: From Ancient Greek\u003cbr\u003eto “Symbolic Logic” \u003cbr\u003eSo, What’s New? \u003cbr\u003eImmediate Consequences \u003cbr\u003eTwo Types of Set Ownership \u003cbr\u003eModeling Modeling \u003cbr\u003eEAS-E Deduction: Status \u003cbr\u003e\u003cbr\u003e16. The Infinite and The Infinitesimal \u003cbr\u003ePoints and Lines \u003cbr\u003eFields \u003cbr\u003eConstructing the Infinitesimals \u003cbr\u003eInfinite-Dimensional Utility Analysis \u003cbr\u003eThe Algebraic Structure Called “A Field” \u003cbr\u003e\u003cbr\u003e17. Induction Theory \u003cbr\u003eIntroduction \u003cbr\u003eThe Story Thus Far \u003cbr\u003eConcepts \u003cbr\u003eBasic Relationships \u003cbr\u003eExamples \u003cbr\u003e“Objective” Probability \u003cbr\u003eThe Formal M59 Model \u003cbr\u003eInitial Consequences \u003cbr\u003eBayes’s Rule \u003cbr\u003eA Bayesian View of MVA \u003cbr\u003eJudgment, Approximation and Axiom III \u003cbr\u003e(1) A Philosophical Difference between\u003cbr\u003eS54 and M59 \u003cbr\u003eExamples of Clearly “Objective” Probabilities” \u003cbr\u003ePropositions about Propositions \u003cbr\u003eA Problem with Axiom II \u003cbr\u003eAre the πj\u003cbr\u003e Probabilities the Scaling of the πj\u003cbr\u003e?\u003cbr\u003eThe πj\u003cbr\u003e“Mix on a Par” with Objective Probabilities \u003cbr\u003e\u003cbr\u003e18. Induction Practice \u003cbr\u003eIntroduction \u003cbr\u003eR. A. Fisher and Neyman-Pearson Hypothesis Tests \u003cbr\u003eThe Likelihood Principle \u003cbr\u003eAndrei Kolmogorov \u003cbr\u003eA Model of Models \u003cbr\u003eThe R.A. Fisher Argument \u003cbr\u003eBayesian Conjugate Prior Procedures \u003cbr\u003e\u003cbr\u003e19. Eudaimonia \u003cbr\u003eReview \u003cbr\u003eEudaimonia for the Masses \u003cbr\u003e\u003cbr\u003eNotes \u003cbr\u003e\u003cbr\u003eReferences \u003cbr\u003e\u003cbr\u003eIndex \u003cbr\u003e\u003c\/p\u003e","brand":"McGraw-Hill Education - Europe","offers":[{"title":"Default Title","offer_id":48864148521303,"sku":"9780071818315","price":49.49,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780071818315.jpg?v=1722270612","url":"https:\/\/bookcurl.com\/products\/riskreturn-analysis-volume-3-9780071818315","provider":"Book Curl","version":"1.0","type":"link"}