regression using splines, are introduced as needed. The classical methods of finance such as portfolio theory, CAPM, and the …:Introduction * Probability and Statistical Models * Returns * Time Series Models * Portfolio Theory * Regression * The Capital Asset Pricing …

portfolio theory, but the real issue today relates to the practical implementation of the theory introduced by Harry Markowitz … FINANCE -- CAUSALITY -- SUMMARY -- Chapter 4: Common Pitfalls in Financial Modeling -- THEORY AND ENGINEERING -- ENGINEERING …

The standard theory of household-portfolio choice is hard to reconcile with the following facts: (i) Households hold a …-cycle model with age-dependent unemployment risk and gradual learning about the income profile that can address all three puzzles …. Young workers, on average asset poor, face larger labor-market uncertainty because of high unemployment risk and imperfect …