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Palgrave Macmillan

The Portfolio Theorists

von Neumann, Savage, Arrow and Markowitz

  • Book
  • © 2012

Overview

Authors:
  1. Colin Read
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Part of the book series: Great Minds in Finance (GMF)

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Table of contents (24 chapters)

  1. Front Matter

    Pages i-x
    Download chapter PDF

  2. Introduction

    1. Introduction

      • Colin Read
      Pages 1-5

  3. A Roadmap to Resolve the Big Question

    1. A Roadmap to Resolve the Big Question

      • Colin Read
      Pages 6-7

  5. Leonard Jimmie Savage

    1. Front Matter

      Pages 71-71
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    2. The Early Years

      • Colin Read
      Pages 73-79

    3. Friedman and Savage’s Times

      • Colin Read
      Pages 80-90

    4. The Theory of Friedman and Savage

      • Colin Read
      Pages 91-105

    5. Applications of the Concept of Subjective Probabilities

      • Colin Read
      Pages 106-113

    6. Life and Legacy

      • Colin Read
      Pages 114-123

  6. Kenneth J. Arrow

    1. Front Matter

      Pages 125-125
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    2. The Early Years

      • Colin Read
      Pages 127-139

    3. The Times

      • Colin Read
      Pages 140-147

    4. Arrow’s Great Idea

      • Colin Read
      Pages 148-158

    5. Applications of the Contingent Claims Model

      • Colin Read
      Pages 159-164
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About this book

Read examines probability, risk, and uncertainty through the contributions of John von Neumann, Leonard Jimmie Savage, Kenneth Arrow and Harry Markowitz. These Portfolio Theorists provided us with a dramatic leap forward in our understanding of and insights into financial rewards under risk and uncertainty.

About the author

COLIN READis Professor of Economics and Finance at SUNY College at Plattsburgh, USA, and a columnist for the Plattsburgh New York Press Republican newspaper. He has a PhD in Economics, an MBA, a Master's of Taxation degree, is a JD in Law, and has taught environmental and energy economics and finance for 25 years. His recent books include BP and the
Macondo Spill: The Complete Story, The Fear Factor, Global Financial
Meltdown: How We Can Avoid the Next Economic Crisis, The Rise and Fall of
an Economic Empire: With Lessons for Aspiring Nations, and a book on international taxation. He has written dozens of papers on market failure, volatility, and housing markets, writes a weekly newspaper column, and appears monthly on a local PBS television show to discuss the regional and national economy.

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