This handbook in two parts covers key topics of the theory of financial decision making. Some of the papers discuss real applications or case studies as well. There are a number of new papers that have never been published before especially in Part II.Part I is concerned with Decision Making Under Uncertainty. This includes subsections on Arbitrage, Utility Theory, Risk Aversion and Static Portfolio Theory, and Stochastic Dominance. Part II is concerned with Dynamic Modeling that is the transition for static decision making to multiperiod decision making. The analysis starts with Risk Measures and then discusses Dynamic Portfolio Theory, Tactical Asset Allocation and Asset-Liability Management Using Utility and Goal Based Consumption-Investment Decision Models.A comprehensive set of problems both computational and review and mind expanding with many unsolved problems are in an accompanying problems book. The handbook plus the book of problems form a very strong set of materials for PhD and Masters courses both as the main or as supplementary text in finance theory, financial decision making and portfolio theory. For researchers, it is a valuable resource being an up to date treatment of topics in the classic books on these topics by Johnathan Ingersoll in 1988, and William Ziemba and Raymond Vickson in 1975 (updated 2 nd edition published in 2006).

This handbook in two parts covers key topics of the theory of financial decision making. Some of the papers discuss real applications or case studies as well. There are a number of new papers that have never been published before especially in Part II.Part I is concerned with Decision Making Under Uncertainty. This includes subsections on Arbitrage, Utility Theory, Risk Aversion and Static Portfolio Theory, and Stochastic Dominance. Part II is concerned with Dynamic Modeling that is the transition for static decision making to multiperiod decision making. The analysis starts with Risk Measures and then discusses Dynamic Portfolio Theory, Tactical Asset Allocation and Asset-Liability Management Using Utility and Goal Based Consumption-Investment Decision Models.A comprehensive set of problems both computational and review and mind expanding with many unsolved problems are in an accompanying problems book. The handbook plus the book of problems form a very strong set of materials for PhD and Masters courses both as the main or as supplementary text in finance theory, financial decision making and portfolio theory. For researchers, it is a valuable resource being an up to date treatment of topics in the classic books on these topics by Johnathan Ingersoll in 1988, and William Ziemba and Raymond Vickson in 1975 (updated 2nd edition published in 2006).

This book consists of invaluable introductions, tutorials and problems which are helpful for teaching purposes and have a very broad appeal and usage. The problems cover many aspects of static and dynamic portfolio theory as well as other important subjects such as arbitrage and asset pricing, utility theory, stochastic dominance, risk aversion and static portfolio theory, risk measures, dynamic portfolio theory and asset allocation. This material could be used with important books that cover these topics including MacLean-Ziemba's The Handbook of the Fundamentals of Financial Decision Making, and Ziemba-Vickson's Stochastic Optimization Models in Finance.

A Comprehensive Guide to Quantitative Financial Risk Management Written by an international team of experts in the field, Quantitative Financial Risk Management: Theory and Practice provides an invaluable guide to the most recent and innovative research on the topics of financial risk management, portfolio management, credit risk modeling, and worldwide financial markets. This comprehensive text reviews the tools and concepts of financial management that draw on the practices of economics, accounting, statistics, econometrics, mathematics, stochastic processes, and computer science and technology. Using the information found in Quantitative Financial Risk Management can help professionals to better manage, monitor, and measure risk, especially in today's uncertain world of globalization, market volatility, and geo-political crisis. Quantitative Financial Risk Management delivers the information, tools, techniques, and most current research in the critical field of risk management. This text offers an essential guide for quantitative analysts, financial professionals, and academic scholars.

This volume, inspired by and dedicated to the work of pioneering investment analyst, Jack Treynor, addresses the issues of portfolio risk and return and how investment portfolios are measured. In a career spanning over fifty years, the primary questions addressed by Jack Treynor were: Is there an observable risk-return trade-off? How can stock selection models be integrated with risk models to enhance client returns? Do managed portfolios earn positive, and statistically significant, excess returns and can mutual fund managers time the market? Since the publication of a pair of seminal Harvard Business Review articles in the mid-1960’s, Jack Treynor has developed thinking that has greatly influenced security selection, portfolio construction and measurement, and market efficiency. Key publications addressed such topics as the Capital Asset Pricing Model and stock selection modeling and integration with risk models. Treynor also served as editor of the Financial Analysts Journal, through which he wrote many columns across a wide spectrum of topics. This volume showcases original essays by leading researchers and practitioners exploring the topics that have interested Treynor while applying the most current methodologies. Such topics include the origins of portfolio theory, market timing, and portfolio construction in equity markets. The result not only reinforces Treynor’s lasting contributions to the field but suggests new areas for research and analysis.

This book presents the refereed proceedings of the 6th International Conference on Advanced Machine Learning Technologies and Applications (AMLTA 2021) held in Cairo, Egypt, during March 22–24, 2021, and organized by the Scientific Research Group of Egypt (SRGE). The papers cover current research Artificial Intelligence Against COVID-19, Internet of Things Healthcare Systems, Deep Learning Technology, Sentiment analysis, Cyber-Physical System, Health Informatics, Data Mining, Power and Control Systems, Business Intelligence, Social media, Control Design, and Smart Systems.

Francis Frimpong argues that the exponential growth of finance and credit infrastructures in Ghana did not alleviate poverty in the country. It has, however, resulted in rising financial profits, financialising poverty and stagnating the real sector of the economy

As an expansion of the book “Construction Dispute Research” published in 2014, this book presents further contributions and breaks into three new research foci in construction dispute studies. Part A discusses the conceptualization and minimization of biases in construction dispute decisions; Part B examines other impediments against settlement such as inequity, power asymmetry and loss aversion. Part C focuses on realty check of construction dispute negotiation conditions such as market competition, interdependence of contracting parties and dispute avoidance function of construction incentivization. This book showcases new ideas in construction dispute research. It offers research studies that are theory rich and conducted with robust methodologies. The research implications are practical and implementable.

Humans are highly curious – we are eager to understand ourselves and the world around us, and we love the feeling of discovering something new. Some people choose to become scientists and devote their lives to exploring and understanding the laws of nature and life itself. A scientific understanding of the natural world is critical for developing new technologies and materials, and for curing devastating diseases. Every scientist makes discoveries that contribute to the constantly expanding body of human knowledge. Occasionally, scientists even discover entirely new phenomena that transform the way we understand the universe! Think of Albert Einstein’s famous theories, for example, or the pioneering work of Marie Skłodowska Curie, which led to the discovery of new elements and advanced the treatment of certain cancers. Indeed, her discovery of radioactivity paved the way for both the diagnosis via X-rays, and treatment of cancer via radiation therapy. Groundbreaking discoveries such as these usually result from a combination of knowledge, dedication, brilliance, and good luck. Each year, we celebrate these transformative discoveries by awarding Nobel Prizes in chemistry, physics, economics, and physiology or medicine. These prizes represent our highest-level recognition of the scientific accomplishments that have changed the world for the better. Now, in 2021 – exactly 120 years after the first Nobel Prize was awarded – we launch this special Nobel Collection in Frontiers for Young Minds. This Collection brings you articles by Nobel laureates, written specifically for young minds. In this first-of-its-kind collection, Nobel Prize winners explain their amazing discoveries and describe how they accomplished them. These Nobel laureates share their thoughts on research and what it means to be a scientist, and they even provide advice for becoming a successful researcher and living a happy, meaningful life. Like all Frontiers for Young Minds articles, these articles have been reviewed and approved by kids like you! Did you know that Nobel Prize winners and Young Minds readers have several important traits in common? The first is curiosity. The scientific journeys of Nobel laureates are often fueled by an intense, child-like curiosity – the same curiosity that motivates you to read these articles. Many Nobel laureates also manage to stay as open-minded as Young Minds readers – they keep their opinions flexible and can be persuaded to change their minds when new data challenges their existing beliefs. In the words of 2014 Nobel laureate May-Britt Moser, “I believe that it is important to maintain your curiosity about things, both now and as an adult, and find something that you have a passion for, that makes you enthusiastic and feel alive. For myself, I can say that I am very curious about things and that it is extremely important for me to understand things. It gives me so much pleasure when I understand something that I did not understand before - this is my leading star.” We hope that this unique new Collection will be your leading star – that it will help you to further develop your own curiosity and openness, and that it inspires you reach for new discoveries in your own life!