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Investment Theory, Probability Theory, and Uncertainty
2017The epistemological beliefs of investment theory are rooted in the philosophy of probability. Markowitz’s arguments for using statistics in investment theory stem from Savage’s theory of subjective probabilities. The CAPM and the empirical investment theory are founded on the idea of objective probabilities.
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Integrating Identity and Consumption: An Identity Investment Theory
, 2015S. Thompson, J. Loveland
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Property Rights and Investment Incentives: Theory and Evidence from Ghana
Journal of Political Economy, 1995T. Besley
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An Investment Theory of Creativity and Its Development
, 1991R. Sternberg, T. Lubart
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2010
This chapter aims to place the asset class private equity in the framework of principal-agent theory. Section 2.1 develops a generic theory of fund investments. Key corollaries of this theory are that investors must take special care to a) choose funds in accordance with their risk-sharing preferences, and b) then to select funds out of a group of ...
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This chapter aims to place the asset class private equity in the framework of principal-agent theory. Section 2.1 develops a generic theory of fund investments. Key corollaries of this theory are that investors must take special care to a) choose funds in accordance with their risk-sharing preferences, and b) then to select funds out of a group of ...
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