Postmodern Portfolio Theory: Navigating Abnormal Markets and Investor Behavior

by James Chen

This survey of portfolio theory, from its modern origins through more sophisticated, "postmodern" incarnations, evaluates portfolio risk according to the first four moments of any statistical distribution: mean, variance, skewness, and excess kurtosis. In pursuit of financial models that more accurately describe abnormal markets and investor psychology, this book bifurcates beta on either side of mean returns. It then evaluates this traditional risk...

• Format: Hardcover
• Language: English
• ISBN: 1137544635
• ISBN13: 9781137544636
• Release Date: August 2016
• Publisher: Palgrave MacMillan
• Length: 339 Pages
• Weight: 1.21 lbs.
• Dimensions: 1.0" x 6.0" x 8.7"