圖書標籤: 金融 數學 Finance Economics 經濟學 stochastics 金融工程 economics
发表于2024-11-25
Investment under Uncertainty pdf epub mobi txt 電子書 下載 2024
How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditional economic models of investment failed to explain the behavior of investment spending in the United States and other countries? In this book, Avinash Dixit and Robert Pindyck provide the first detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing, they answer important questions about investment decisions and the behavior of investment spending. This new approach to investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy concerning investment; and shows how the theory can be applied to specific industries and to a wide variety of business problems.
Good textbook for option pricing and corporate investment
評分有一點概率基礎就可以學。蠻不錯的書。
評分Econ 4113: Mathematical Economics. 投資裏stochastic和dynamic programing的應用。扉頁很牛逼的寫著'To the future'...
評分有一點概率基礎就可以學。蠻不錯的書。
評分great book, very accessible and with great intuition
讨论了各种不同的调整成本存在时的最优投资决策。 凸(二次)调整成本会使投资需求从静态变成动态,固定调整成本使投资决策出现sS区间,不可逆性使等待不确定性消散变得有价值,于是有了实期权效应。 很有意思的一本书,文笔极为流畅。
評分我一开始只对随机过程感兴趣,看看怎么应用。仔细一看,这本书解决了很多很有趣的问题,那就是如何在各种不确定的情况下来投资,分析NPV。值得一提的是Pindyck是MIT应用数学系的教授,现在在管理学院当教授,个人的魅力无穷,建议旁听他的课
評分讨论了各种不同的调整成本存在时的最优投资决策。 凸(二次)调整成本会使投资需求从静态变成动态,固定调整成本使投资决策出现sS区间,不可逆性使等待不确定性消散变得有价值,于是有了实期权效应。 很有意思的一本书,文笔极为流畅。
評分讨论了各种不同的调整成本存在时的最优投资决策。 凸(二次)调整成本会使投资需求从静态变成动态,固定调整成本使投资决策出现sS区间,不可逆性使等待不确定性消散变得有价值,于是有了实期权效应。 很有意思的一本书,文笔极为流畅。
評分讨论了各种不同的调整成本存在时的最优投资决策。 凸(二次)调整成本会使投资需求从静态变成动态,固定调整成本使投资决策出现sS区间,不可逆性使等待不确定性消散变得有价值,于是有了实期权效应。 很有意思的一本书,文笔极为流畅。
Investment under Uncertainty pdf epub mobi txt 電子書 下載 2024