Robert Merton

This book is a collection of original papers by Robert Jarrow that contributed to significant advances in financial economics. Divided into three parts, Part I concerns option pricing theory and its foundations.

It's not hard to understand why options trading continues to grow in popularity, especially among sophisticated investors with large stock portfolios. Options are a cheaper and therefore, inherently less risky way of speculating on the price movements of stocks or other under-lying goods, yet, due to their volatility, they provide more price action per dollar than do stocks. And, when traded in conjunction with stock portfolios, options can significantly enhance an investor's ability to manipulate the risk and return characteristics of their entire investment. Yet, despite these and other advantages of options, many investors shy away from this highly lucrative type of speculation because of the seeming impenetrability of many of its underlying concepts and technical principles.

Published in celebration of the 15th anniversary of Risk magazine, this commemorative title chronicles the major historical developments within the derivatives industry whilst presenting a wealth of new insights, perspectives and case studies on assorted risk management issues.

Covers the theories, models, measures, applications, software and regulation issues that have shaped the industry and offers an abundance of realistic and considered future perspectives. Includes new perspectives on various risk related issues as well as new case studies on derivatives disasters and rogue trading.

Published in celebration of the 15th anniversary of Risk magazine, this commemorative title chronicles the major historical developments within the derivatives industry whilst presenting a wealth of new insights, perspectives and case studies on assorted risk management issues.

Come può una semplice pillola di zucchero, produrre effetti realmente benefici? In che modo, l'idea di non essere all'altezza di un compito può finire col sabotarci? Attraverso quali sottili meccanismi i nostri pregiudizi tendono a creare delle conferme esterne? Dall’Effetto Placebo all’Effetto Nocebo, dall’Effetto Pigmalione all’Effetto Lucifero, dagli studi di Paul Watzlawick e Giorgio Nardone ai pioneristici contributi di Robert Merton e William Thomas, nel mondo scientifico è ormai ampiamente riconosciuto il potere delle aspettative di costruire la realtà. Tuttavia la frammentarietà di questi autorevoli contributi, ha impedito di avere una visione d’insieme di questo affascinante fenomeno noto col suggestivo nome di “Profezia che si Autorealizza”..

A pioneer in studying leadership and group dynamics, Bennis, at age 85, looks back on a life and career focused on realization of individual and group potential. As a 19-year-old platoon member in WWII, Bennis began a lifetime of observing the kinds of pressures that create leaders. At Antioch College, Bennis met and became the protégé of Doug McGregor, who helped get him into MIT and introduced him to group dynamics. Bennis found Antioch and MIT fertile ground for ideas and the urgency to understand collective behavior, particularly after the Holocaust and the war. He recalls a golden age of social science, meeting and working with Abraham Maslow, Erik Erikson, Robert Merton, and other pioneers in the nascent fields of psychoanalysis and group therapy.