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Axioms of Rational Choice under Uncertainty
Confirmation Information and Induction
Mathematics of Speculative Price
9 other sections not shown
analysis arbitrage assets assumed assumption axiom Bachelier behavior beta beta coefficient Black-Scholes buy and hold closing price coefficients common stock consistent consumption decision maker decision problem density derived determine Econometrica efficient markets hypothesis empirical equation equilibrium estimates evaluation evidence ex post example expected return expected value Fama forecasts framework future price future security prices hypothesis implies independent individual investment decisions investor Journal L.J. Savage land heads large number lexicographic preferences linear log-normal distribution market-line theory maximization mean and variance measures money supply normal distribution optimal paper parameters percent period portfolio manager portfolio selection potential answers prediction preference ordering price changes probability distributions quadratic random variable random walk RBEP rebalancing regression relationship risk risk-free rate risky rule Samuelson speculative statistical stochastic process stock market stock price strategy theorem tion uncertainty utility function wealth York zero zero-beta portfolio