[PDF] The Price Of Indifference eBook

Author : Arthur C. Helton
Publisher : OUP Oxford
Page : 328 pages
File Size : 23,89 MB
Release : 2002-03-07
Category : Political Science
ISBN : 0191037524

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Refugee policy has failed frequently over the past decade, resulting in instability, terrible hardships and loss of life. This book is the first effort to review systematically the recent past and re-design policy to give fresh answers to old problems. Specific recommendations are made to re-conceive refugee policy to be more proactive and comprehensive as well as to re-organize how policy is formulated within and among governments. Refugee policy has not kept pace with new realities in international and humanitarian affairs. Recent policy failures have resulted in instability, terrible hardships, and massive loss of life. This book systematically analyzes refugee policy responses over the past decade, and calls for specific reforms to make policy more proactive and comprehensive. Refugee policy must be more than the administration of misery. Responses should be calculated to help prevent or mitigate future humanitarian catastrophes. More international cooperation is needed in advance of crises. Humanitarian structures within governments, notably the United States, as well as the wide variety of international institutions involved in humanitarian action must be re-oriented to cope with new challenges.

Author : René Carmona
Publisher : Princeton University Press
Page : 427 pages
File Size : 39,42 MB
Release : 2009-01-18
Category : Business & Economics
ISBN : 0691138834

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This is the first book about the emerging field of utility indifference pricing for valuing derivatives in incomplete markets. René Carmona brings together a who's who of leading experts in the field to provide the definitive introduction for students, scholars, and researchers. Until recently, financial mathematicians and engineers developed pricing and hedging procedures that assumed complete markets. But markets are generally incomplete, and it may be impossible to hedge against all sources of randomness. Indifference Pricing offers cutting-edge procedures developed under more realistic market assumptions. The book begins by introducing the concept of indifference pricing in the simplest possible models of discrete time and finite state spaces where duality theory can be exploited readily. It moves into a more technical discussion of utility indifference pricing for diffusion models, and then addresses problems of optimal design of derivatives by extending the indifference pricing paradigm beyond the realm of utility functions into the realm of dynamic risk measures. Focus then turns to the applications, including portfolio optimization, the pricing of defaultable securities, and weather and commodity derivatives. The book features original mathematical results and an extensive bibliography and indexes. In addition to the editor, the contributors are Pauline Barrieu, Tomasz R. Bielecki, Nicole El Karoui, Robert J. Elliott, Said Hamadène, Vicky Henderson, David Hobson, Aytac Ilhan, Monique Jeanblanc, Mattias Jonsson, Anis Matoussi, Marek Musiela, Ronnie Sircar, John van der Hoek, and Thaleia Zariphopoulou. The first book on utility indifference pricing Explains the fundamentals of indifference pricing, from simple models to the most technical ones Goes beyond utility functions to analyze optimal risk transfer and the theory of dynamic risk measures Covers non-Markovian and partially observed models and applications to portfolio optimization, defaultable securities, static and quadratic hedging, weather derivatives, and commodities Includes extensive bibliography and indexes Provides essential reading for PhD students, researchers, and professionals

Author : Srdjan Stojanovic
Publisher : Springer Science & Business Media
Page : 274 pages
File Size : 22,59 MB
Release : 2011-09-28
Category : Mathematics
ISBN : 0387714170

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This book is written for quantitative finance professionals, students, educators, and mathematically inclined individual investors. It is about some of the latest developments in pricing, hedging, and investing in incomplete markets. With regard to pricing, two frameworks are fully elaborated: neutral and indifference pricing. With regard to hedging, the most conservative and relaxed hedging formulas are derived. With regard to investing, the neutral pricing methodology is also considered as a tool for connecting market asset prices with optimal positions in such assets. Srdjan D. Stojanovic is Professor in the Department of Mathematical Sciences at University of Cincinnati (USA) and Professor in the Center for Financial Engineering at Suzhou University (China).

Author : Peter Stamm
Publisher : Other Press, LLC
Page : 145 pages
File Size : 24,99 MB
Release : 2020-01-21
Category : Fiction
ISBN : 1590519795

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NAMED A BEST BOOK OF THE SEASON BY VOGUE In this alluring, melancholic novel—Peter Stamm at his best—a writer haunted by his double blurs the line between past and present, fiction and reality, in his attempt to outrun the unknown. “Please come to Skogskyrkogården tomorrow at 2. I have a story I want to tell you.” Lena agrees to Christoph's out-of-the-blue request, though the two have never met. In Stockholm's Woodland Cemetery, he tells her his story, which is also somehow hers. Twenty years before, he loved a woman named Magdalena—an actress like Lena, with her looks, her personality, her past. Their breakup inspired him to write his first novel, about the time they were together, and in its scenes Lena recognizes the uncanny, intimate details of her own relationship with an aspiring writer, Chris. Is it possible that she and Chris are living the same lives as Magdalena and Christoph two decades apart? Are they headed towards the same scripted separation? Or, in the fever of writing, has Christoph lost track of what is real and what is imagined? In this subtle, kaleidoscopic tale, Peter Stamm exposes a fundamental human yearning: to beat life's mysteries by forcing answers on questions that have yet to be fully asked.

Author : Moira Roth
Publisher : Psychology Press
Page : 212 pages
File Size : 35,50 MB
Release : 1998
Category : Art
ISBN : 9789057012518

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First Published in 1999. Routledge is an imprint of Taylor & Francis, an informa company.

Author : Michael D. Brown
Publisher : Taylor Trade Publications
Page : 245 pages
File Size : 38,75 MB
Release : 2011-06-16
Category : Political Science
ISBN : 1589794869

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At last, former Under Secretary of Homeland Security Michael Brown—infamously praised by President George W. Bush for doing a "heckuva job" in the wake of Hurricane Katrina—tells his side of the response to one of the greatest natural disasters to occur in the United States. Without making excuses for anyone, least of all the President of the United States or himself, Brown describes in detail what ultimately turned out to be the largest federal response to a natural disaster in U.S. history.

Author : Gary Indiana
Publisher : Macmillan
Page : 338 pages
File Size : 13,82 MB
Release : 2003-07-17
Category : Fiction
ISBN : 9780312316419

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Gary Indiana, a 'huge satirical talent' (The New York Times), presents a darkly comic novel fueled by the virtuoso con artist Evangeline Slote and her extravagant life of chicanery and petty crime. Inspired by the case of Sante and Ken Kimes, the real-life mother/son grifters, the novel is a dissection of the mind of a charismatic sociopath and a satire of the society that appeases and abets her.

Author : Joseph Teller
Publisher : MIRA
Page : 323 pages
File Size : 47,38 MB
Release : 2016-08-15
Category : Fiction
ISBN : 1460399706

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An Audi sports car, speeding in the wrong lane, forces an oncoming van off the road. The van bursts into flames, killing all nine occupants…eight of them children. Criminal defense attorney Harrison J. Walker, known simply as Jaywalker, is trying to keep his nose clean while serving a three-year suspension. But when a woman seduces him into representing the "Audi Assassin," a man who also happens to be her husband, things get messy. Struggling with the moral issues surrounding this case, Jaywalker tries to stay focused on his goal—limiting the damage to his client by exposing the legal system's hypocrisy regarding drunk driving. But when he rounds a blind corner in the case, he collides with a truth that could turn his entire defense into disaster.

Author : Steven E. Landsburg
Publisher : Simon and Schuster
Page : 364 pages
File Size : 14,94 MB
Release : 2012-05-10
Category : Business & Economics
ISBN : 1471112233

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Air bags cause accidents, because well-protected drivers take more risks. This well-documented truth comes as a surprise to most people, but not to economists, who have learned to take seriously the proposition that people respond to incentives. In The Armchair Economist, Steven E. Landsburg shows how the laws of economics reveal themselves in everyday experience and illuminate the entire range of human behavior. Why does popcorn cost so much at the cinema? The 'obvious' answer is that the owner has a monopoly, but if that were the whole story, there would also be a monopoly price to use the toilet. When a sudden frost destroys much of the Florida orange crop and prices skyrocket, journalists point to the 'obvious' exercise of monopoly power. Economists see just the opposite: If growers had monopoly power, they'd have raised prices before the frost. Why don't concert promoters raise ticket prices even when they are sure they will sell out months in advance? Why are some goods sold at auction and others at pre-announced prices? Why do boxes at the football sell out before the standard seats do? Why are bank buildings fancier than supermarkets? Why do corporations confer huge pensions on failed executives? Why don't firms require workers to buy their jobs? Landsburg explains why the obvious answers are wrong, reveals better answers, and illuminates the fundamental laws of human behavior along the way. This is a book of surprises: a guided tour of the familiar, filtered through a decidedly unfamiliar lens. This is economics for the sheer intellectual joy of it.

Author : Robert K. Tanenbaum
Publisher : Open Road Media
Page : 342 pages
File Size : 49,10 MB
Release : 2010-12-28
Category : Fiction
ISBN : 1453209999

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A prosecutor defies the FBI, CIA, and Mafia to bring terrorists to justice in this thriller from the New York Times–bestselling author of Justice Denied. After hijacking a flight to Milwaukee, a group of Croatian terrorists inform the FBI of bombs they’ve planted across the country. If their demands are not met, the bombs will explode. The plan goes perfectly until one of the weapons goes off in the Bronx, killing a police officer—in assistant district attorney Butch Karp’s jurisdiction. Prosecuting a few terrorist cop killers should be a slam-dunk, but Karp and his assistant, Marlene Ciampi, are getting resistance from unexpected quarters—including the NYPD itself. The Archdiocese of New York hires a top lawyer to defend the accused. And when the FBI, CIA, and Miami Mafia team up to undermine the case, it’s clear these Croatians are no ordinary terrorists. As Karp and Ciampi uncover powerful ties, and secrets that reach from anticommunist Cuba to Nazi war crimes, they realize their fight for justice has become a fight for their lives. From the New York Times–bestselling author and former Manhattan assistant district attorney, Depraved Indifference is an insider’s “damning indictment of our court system and an entertaining exposé of the DA's office” (Publishers Weekly). This ebook features an illustrated biography of Robert K. Tanenbaum including rare photos from the author’s personal collection.