Puzzles of Finance : Six Practical Problems and Their Remarkable Solutions (Wiley Investment)
Mark P. KritzmanISBN: 0471246573; 5-476-00135-2; 9780471246572;
". . . shining clarity and enviable originality" -Peter L. Bernstein, author of Against the Gods "Mark Kritzman presents the reader with an entertaining way of learning some serious finance."-Harry Markowitz, Nobel Prize Recipient, 1990, Economic Sciences President, Harry Markowitz Company Six challenging questions . . . six entertaining solutions, profound yet straightforward, and relevant to the everyday challenge of investing and investment management. Puzzles of Finance takes on today's most persistently challenging financial questions and, through clever examples and just plain logic, helps you move beyond those questions to arrive at a deeper understanding of finance and the daily management of money. From Siegel's Paradox ("Is itpossible to profit from asymmetry of exchange rate changes?") to questions of option value ("Why is the value of an option unaffected by the underlying asset's expected return?"), Puzzles of Finance goes beyond vague theoretical...