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| 書本編號 |
：ISBN 0964629208 |
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| 書名 |
| ： | The Stock Market and Finance: From a Physicist's Viewpoint |
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| 書本訂價 |
：2500元 |
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| 書本賣價 |
：1465元
(需另加運費:$0)
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| 書本描述 |
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本書為1995年之版本; 除內頁首頁有立可白塗痕外, 內實為全新未使用...無劃線亦無筆記.
"Dynamics of markets: the new financial economics"一書的作者Professor J.L.McCauley(October 21, 1999)對此書在AMAZON上的評論:
Careful empiricism instead of the usual 'econo-logic'
"Osborne was a physicist who observed that stock prices appear to be distributed lognormally. Mandelbrot pointed out a year later (1963) that this can't be true, that price distributions look Paretian, have exponentially decaying tails with infinite standard deviation. However, no one has yet been able to turn Mandelbrot's observation about asymptotics of market prices into trading rules (what are the dynamics?). In contrast, the Black-Scholes model, the mathematics of derivatives and option-pricing, follows from the lognormal approximation (see Hull, e.g.). Traders who make money apparently don't use academic option pricing theory (it underprices out of the money trades), but texts and scads of academic papers are written using it because no one knows how to do anything else yet.
Lognormality is the last part of Osborne's book. The first chapters are even more interesting. There, Osborne tears the `mathemology' of Samuelson's Economics text to shreds by pointing out that the famous supply-demand curve can't be constructed from any sort of data. The main point is that price does not exist as a function of either supply or demand. Example: suppose that 25 tomatoes are available (supply). What's the price? Answer: anything or nothing (nonuniqueness). Even better, Osborne shows that one can obtain data on both supply and demand as a function of price, so that discrete (noncontinuous) supply and demand curves can be plotted for a given commodity in a given market. What a pity that Osborne did not set his mind to discussing `utility', because (as Mirowski points out in "More heat than light) the differential form that defines utility is generally nonintegrable, meaning that utility dooes not exist."
[關於我]
Hi,
1.書況已於個別資料中說明清楚; 而即日起, 容我不再回答殺價的問題; 感恩.
2.確認入帳後1-2個工作天(不計週六日與例假日)內寄書; 因工作排班不定, 我無法提供面交, 但每本書均會以便利袋/便利盒或印刷品掛號寄出!
3.目前主要請您透過ATM轉帳至郵局的帳號(若您轉帳時偏好以中國信託,台北富邦,土銀或第一金的戶頭轉帳, 我也有--請於結帳時一併通知我, 我將以email給您帳號); 我的郵局局號與帳號(合計共14碼)之最後三碼必為013; 若否, 必為詐騙, 請小心.
4.下標後, 我將盡快以email或簡訊與您聯繫(因此您的email請確定可以正常收發信); 我所使用的email必為來自: @alumni.nccu.edu.tw.
5.待您轉帳後, 請務必及時回覆完整的收件人資料(姓名與地址). 自我以email或簡訊與您聯繫起, 若第三個工作天仍未蒙轉帳,請恕我隔天即重新上架交易.(如週六或週日通知, 週四將重新上架)
Thanks.
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