| 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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