Capital Ideas and Market Realities: Option Replication, Investor Behavior, and Stock Market Crashes

Bruce I. Jacobs

Wiley, Aug 3, 1999 - Business & Economics - 424 pages

Bruce Jacobs sifts through the history of modern finance, from the efficient market hypothesis to behavioral psychology and chaos theory, to determine the cause of recent market crashes.

• Includes a Foreword from Nobel Laureate Harry M. Markowitz.
  
• Showcases the expertise of an author who identified and predicted the causes of 1987, 1997 and 1998 crashes.
  
• Explains the risks of little-understood option replication.
  
• Offers chapter summaries, appendices and a glossary.

About the author

Bruce I. Jacobs is a cofounder and principal of Jacobs Levy Equity Management, an investment counselor with $5 billion in institutional assets under management, located in Roseland, New Jersey. He holds a doctorate in finance from the Wharton School of the University of Pennsylvania. Dr Jacobs is co-author, with Kenneth N. Levy, of the book, Equity Management: Quantitative Analysis for Stock Selection.

Bibliographic information

• Title: Capital Ideas and Market Realities: Option Replication, Investor Behavior, and Stock Market Crashes
• Author: Bruce I. Jacobs
• Edition: illustrated
• Publisher: Wiley, 1999
• ISBN: 0631215557, 9780631215554
• Length: 424 pages
• Subjects: Business & Economics / Finance / General; Business & Economics / General