1. Why Finance? |
2. Utilities, Endowments, and Equilibrium |
3. Computing Equilibrium |
4. Efficiency, Assets, and Time |
5. Present Value Prices and the Real Rate of Interest |
6. Irving Fisher's Impatience Theory of Interest |
7. Shakespeare's Merchant of Venice, Collateral. Present Value and the Vocabulary of Finance |
8. How a Long-Lived Institution Figures an Annual Budget. Yield |
9. Yield Curve Arbitrage |
10. Dynamic Present Value |
11. Social Security |
12. Overlapping Generations Models of the Economy |
13. Demography and Asset Pricing: Will the Stock Market Decline when the Baby Boomers Retire? |
14. Quantifying Uncertainty and Risk |
15. Uncertainty and the Rational Expectations Hypothesis, with Applications to Predicting Stock Prices... |
16. Backward Induction and Optimal Stopping Times |
17. Callable Bonds and the Mortgage Prepayment Option |
18. Modeling Mortgage Prepayments and Valuing Mortgages |
19. History of the Mortgage Market: A Personal Narrative |
20. Dynamic Hedging |
21. Dynamic Hedging and Average Life |
22. Risk Aversion and the Capital Asset Pricing Theorem |
23. The Mutual Fund Theorem and Covariance Pricing Theorems |
24. Risk, Return, and Social Security |
25. The Leverage Cycle and the Subprime Mortgage Crisis |
26. The Leverage Cycle and Crashes |
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