图书简介
This book examines
sustainable wealth formation and dynamic decision-making. The global economy
experienced a veritable meltdown of asset markets in the years 2007-9, where
many funds were overexposed to risky returns and suffered considerable losses. On the other hand, the long-term upswing in
the stock market since 2010 has led to asset price booms and some new, but also uneven, wealth formation. In this book a broader set of
constraints and guidelines for asset management and wealth accumulation is developed. The authors
investigate how wealth formation and the proper management of financial funds
can help to adequately buffer income risk and obtain sufficient risk-free
income at a later stage of life, while also
being socially and environmentally sustainable.The book explores behavioral and institutional rules for
decision-making that reflect such constraints and guidelines, without
necessarily being optimal in the narrow sense. The authors explain the need for
such a dynamic decision-making and dynamic re-balancing of portfolios, by putting forward dynamic programming as an
approach to dynamic decision-making that can allow sustainable wealth
accumulation and dynamic asset allocation to be successfully integrated.This book provides a clear and
comprehensive treatment of asset accumulation and dynamic portfolio models with
an emphasis on long term and sustainable wealth formation. An important concern
in public debate is the sustainability of our economy and this book employs
cutting edge quantitative techniques and models to highlight important facts
that cannot be disputed under any reasonable assumptions. It has the potential
to become a standard reference for both academic researchers and quantitatively
trained practitioners.
Eckhard Platen, Professor of Quantitative Finance, University of Technology Sydney, Australia
This book should be read by both academics and practitioners
alike. The former will find intellectually rigorous discussions and
innovative solutions. The latter may find a few of the concepts a bit
challenging. Yet, theory and technology are there to help simplify the work of
those who worry about what time it is rather than how to make a watch--- but
they do need a watch.Jean Brunel, Founder of Brunel
Associates and Editor of The Journal
of Wealth Management
Introduction.- Forecasting and Low
Frequency Movements of Asset Returns.- Portfolio Modeling with Sustainability
Constraints.- Dynamic Saving and Portfolio Decisions-Theory.- Asset
Accumulation with Estimated Low Frequency Movements Asset Returns.- Asset
Accumulation and Portfolio Decisions with Time Varying Asset Returns and Labor
Income.- Continuous and Discrete Time Modeling.- Asset Accumulation and
Portfolio Decisions under Inflation Risk.- Concluding Remarks.
Trade Policy 买家须知
- 关于产品:
- ● 正版保障:本网站隶属于中国国际图书贸易集团公司,确保所有图书都是100%正版。
- ● 环保纸张:进口图书大多使用的都是环保轻型张,颜色偏黄,重量比较轻。
- ● 毛边版:即书翻页的地方,故意做成了参差不齐的样子,一般为精装版,更具收藏价值。
关于退换货:
- 由于预订产品的特殊性,采购订单正式发订后,买方不得无故取消全部或部分产品的订购。
- 由于进口图书的特殊性,发生以下情况的,请直接拒收货物,由快递返回:
- ● 外包装破损/发错货/少发货/图书外观破损/图书配件不全(例如:光盘等)
并请在工作日通过电话400-008-1110联系我们。
- 签收后,如发生以下情况,请在签收后的5个工作日内联系客服办理退换货:
- ● 缺页/错页/错印/脱线
关于发货时间:
- 一般情况下:
- ●【现货】 下单后48小时内由北京(库房)发出快递。
- ●【预订】【预售】下单后国外发货,到货时间预计5-8周左右,店铺默认中通快递,如需顺丰快递邮费到付。
- ● 需要开具发票的客户,发货时间可能在上述基础上再延后1-2个工作日(紧急发票需求,请联系010-68433105/3213);
- ● 如遇其他特殊原因,对发货时间有影响的,我们会第一时间在网站公告,敬请留意。
关于到货时间:
- 由于进口图书入境入库后,都是委托第三方快递发货,所以我们只能保证在规定时间内发出,但无法为您保证确切的到货时间。
- ● 主要城市一般2-4天
- ● 偏远地区一般4-7天
关于接听咨询电话的时间:
- 010-68433105/3213正常接听咨询电话的时间为:周一至周五上午8:30~下午5:00,周六、日及法定节假日休息,将无法接听来电,敬请谅解。
- 其它时间您也可以通过邮件联系我们:customer@readgo.cn,工作日会优先处理。
关于快递:
- ● 已付款订单:主要由中通、宅急送负责派送,订单进度查询请拨打010-68433105/3213。
本书暂无推荐
本书暂无推荐