Models for Investors in Real World Markets by James R. Thompson, Edward E. Williams, M. Chapman Findlay III

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Synopsis

Thompson (statistics, Rice U.), Williams (business, Rice U.), and Findlay present a new, antiefficient markets approach to investment theory and management. Coverage includes the basic institutional factors involved in how stock markets operate and whether the markets are efficient, basic concepts of utility theory, diversification as an important fundamental requirement of rational investment choice, the current theory in financial economics, the capital asset pricing and the arbitrage pricing models, basic valuation equations and related methodologies, a detailed procedure for analyzing securities, the importance of compound interest, and an analysis of the options market. For individuals managing their own investments and/or the investments of others. Annotation c. Book News, Inc.,Portland, OR

Biography

JAMES R. THOMPSON, PhD, is the Noah Harding Professor of Statistics at Rice University.

EDWARD E. WILLIAMS, PhD, is Henry Gardiner Symonds Professor at the Jesse H. Jones Graduate School of Business Administration at Rice University.

M. CHAPMAN FINDLAY, III, PhD, is President and Director of Fin Fin Inc., and Director of First Texas Venture Capital, LLC, and a principal at Findlay, Phillips and Associates in Los Angeles, California.