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Heterodox Investment Theory

Stochastic Predictability and Uncertainty

  • Book
  • © 2017

Overview

Authors:
  1. Thomas Pistorius

    1. Zevenbergen, The Netherlands

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  • Combines the study of finance and the arts
  • Explores the issue of stochastical prediction
  • Presents alternative investment theories
  • Engages with ideas from uncertainty economics

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Table of contents (7 chapters)

  1. Front Matter

    Pages i-xiii
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  2. Introduction

    • Thomas Pistorius
    Pages 1-26

  3. The History of Investment Theory

    • Thomas Pistorius
    Pages 27-84

  4. Heterodox Investment Theory

    • Thomas Pistorius
    Pages 85-104

  5. Investment Theory, Probability Theory, and Uncertainty

    • Thomas Pistorius
    Pages 105-157

  6. The Rhetoric of Investment Theory

    • Thomas Pistorius
    Pages 159-181

  7. The Culture of Investing

    • Thomas Pistorius
    Pages 183-239

  8. Conclusions

    • Thomas Pistorius
    Pages 241-250

  9. Back Matter

    Pages 251-257
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Keywords

About this book

This book combines the study of rhetoric, history, philosophy, philosophy of statistics and the culture of investing to discuss the foundations of stochastical predictability in investment theory. Besides discussing the problem of stochastical prediction, the book also covers alternative investment theories. Ideas from uncertainty economics, expressed by the likes of Keynes, Knight, von Mises, Taleb and McCloskey are also discussed. This book will be of interest to researchers and academics in the field of investment theory, as well as investment practitioners.




Reviews

“Heterodox Investment Theory is a thought-provoking book … . The book’s greatest contribution is to encourage investment professionals to look beyond the standard investment models that are taught in business schools and the statistics underlying the theories and to consider alternative models that may enhance their understanding of financial markets. Those who are comfortable with the jargon of philosophy and rhetoric will likely find this an interesting book that opens up their minds to new modes of thinking.” (Ronald L. Moy,Enterprising Investor, blogs.cfainstitute.org, June 21, 2019)

Authors and Affiliations

  • Zevenbergen, The Netherlands

    Thomas Pistorius

About the author

Thomas Pistorius, PhD, holds a Masters degree in finance from Tilburg University and a Bachelor in philosophy from Utrecht University, Netherlands. He has spent his professional life working in investment management as an investment advisor, analyst, risk manager, and researcher. His research is driven by an interest in finance and the arts, encompassing the rhetoric, history, philosophy, and culture of investment theory to discuss stochastic predictability.

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