Books in Decision sciences

101-110 of 142 results in All results

Handbook of Econometrics

1st Edition
Volume 5
November 22, 2001
J.J. Heckman + 1 more
English
Hardback
9 7 8 - 0 - 4 4 4 - 8 2 3 4 0 - 3
eBook
9 7 8 - 0 - 0 8 - 0 5 2 4 7 9 - 5

The Handbook is a definitive reference source and teaching aid for econometricians. It examines models, estimation theory, data analysis and field applications in econometrics. Comprehensive surveys, written by experts, discuss recent developments at a level suitable for professional use by economists, econometricians, statisticians, and in advanced graduate econometrics courses.For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes

Microscopic Simulation of Financial Markets

1st Edition
June 23, 2000
Haim Levy + 2 more
English
Hardback
9 7 8 - 0 - 1 2 - 4 4 5 8 9 0 - 1
eBook
9 7 8 - 0 - 0 8 - 0 5 1 1 5 9 - 7

Microscopic Simulation (MS) uses a computer to represent and keep track of individual ("microscopic") elements in order to investigate complex systems which are analytically intractable. A methodology that was developed to solve physics problems, MS has been used to study the relation between microscopic behavior and macroscopic phenomena in systems ranging from those of atomic particles, to cars, animals, and even humans. In finance, MS can help explain, among other things, the effects of various elements of investor behavior on market dynamics and asset pricing. It is these issues in particular, and the value of an MS approach to finance in general, that are the subjects of this book. The authors not only put their work in perspective by surveying traditional economic analyses of investor behavior, but they also briefly examine the use of MS in fields other than finance. Most models in economics and finance assume that investors are rational. However, experimental studies reveal systematic deviations from rational behavior. How can we determine the effect of investors' deviations from rational behavior on asset prices and market dynamics? By using Microscopic Simulation, a methodology originally developed by physicists for the investigation of complex systems, the authors are able to relax classical assumptions about investor behavior and to model it as empirically and experimentally observed. This rounded and judicious introduction to the application of MS in finance and economics reveals that many of the empirically-observed "puzzles" in finance can be explained by investors' quasi-rationality. Researchers use the book because it models heterogeneous investors, a group that has proven difficult to model. Being able to predict how people will invest and setting asset prices accordingly is inherently appealing, and the combination of computing power and statistical mechanics in this book makes such modeling possible. Because many finance researchers have backgrounds in physics, the material here is accessible.

An Introduction to the Mathematics of Financial Derivatives

2nd Edition
May 19, 2000
Salih N. Neftci
English
eBook
9 7 8 - 0 - 0 8 - 0 4 7 8 6 4 - 7

An Introduction to the Mathematics of Financial Derivatives, Second Edition, introduces the mathematics underlying the pricing of derivatives. The increased interest in dynamic pricing models stems from their applicability to practical situations: with the freeing of exchange, interest rates, and capital controls, the market for derivative products has matured and pricing models have become more accurate. This updated edition has six new chapters and chapter-concluding exercises, plus one thoroughly expanded chapter. The text answers the need for a resource targeting professionals, Ph.D. students, and advanced MBA students who are specifically interested in financial derivatives. This edition is also designed to become the main text in first year masters and Ph.D. programs for certain courses, and will continue to be an important manual for market professionals and professionals with mathematical, technical, or physics backgrounds.

The Grouting Handbook

1st Edition
May 3, 2000
Donald M. Harrison
English
eBook
9 7 8 - 0 - 0 8 - 0 5 0 7 6 5 - 1

Based on twenty years of research and field experience, this book collects a vast amount of information into a handy reference for mechanical and civil engineers. It focuses on four basic elements of grouting: load carrying capability of the foundation soil; mass design, concrete mix and installation, and curing procedures of the foundation; anchor bolts; and the grout. From the ground up, this book takes you step by step through the grouting process. Clear, straightforward directions give you details on preparing the foundation and surface, and selecting the best material and method. Comprehensive yet concise, this is a convenient handbook for veteran and rookie engineers alike.

Analysing and Aiding Decision Processes

1st Edition
Volume 14
April 1, 2000
P. Humphreys + 2 more
English
eBook
9 7 8 - 0 - 0 8 - 0 8 6 6 6 8 - 0

This book contains an edited selection of papers presented at the Eighth Research Conference on Subjective Probability, Utility and Decision Making, held in Budapest. Together they span a wide range of new developments in studies of decision making, the practice of decision analysis and the development of decision-aiding technology.The volume is arranged in sections: Societal Decision Making; Organizational Decision Making; Aiding the Structuring of Small Scale Decision Problems, and Tracing Decision Processes.The emphasis is on decision processes and structures and their applications, rather than formal modelling in isolation, thus reflecting current developments in research and practice which follow from the understanding of the nature and operation of decision theoretical models gained during the 1970's.The fifth section, A Symposium on the Validity of Studies on Heuristics and Biases, is of a different nature. The papers take stock of the considerable volume of work investigation ``heuristics and biases'' in decision making over the past decade, and their implication for theory and practice.

Modeling for All Scales

1st Edition
January 21, 2000
Howard T. Odum + 1 more
English
eBook
9 7 8 - 0 - 0 8 - 0 5 4 4 3 6 - 6

All manner of models are used to describe, simulate, extrapolate, and ultimately understand the function of dynamic systems. These sorts of models are usually based upon a mathematical foundation that can be difficult to manipulate especially for students. Modeling for All Scales uses object-oriented programming to erect and evaluate the efficacy of models of small, intermediate and large scale systems. Such models allow users to employ intuitively based symbols and a systems ecology approach. The authors have been leaders in the systems ecology community and have originated much of the scientific vocabulary of the field. After introducing modeling and its benefits, there is a series of chapters detailing the more particular elements of successful simulation. There follows another series of chapters, each devoted to models of different sorts of systems. Small scale models of growth, competition, and evolution give way, successively, to larger and larger scale models such as international trade and the global geobiosphere. Anyone interested in an easy to use approach to modeling complex systems authored by perhaps the most original systems ecologists of the century will want this book. To further enhance the users ability to apply the lessons of this book, there is included a CD-ROM disc which provides the fundamental tools for modeling at all scales.

Handbooks in Operations Research and Management Science: Transportation

1st Edition
Volume 14
May 4, 1999
Cynthia Barnhart + 1 more
English
Hardback
9 7 8 - 0 - 4 4 4 - 5 1 3 4 6 - 5
eBook
9 7 8 - 0 - 0 8 - 0 4 6 7 4 3 - 6

This book contains eleven chapters describing some of the most recent methodological operations research developments in transportation. It is structured around the main transportation modes, and each chapter is written by a group of well-recognized researchers. Because of the major impact of operations research methods in the field of air transportation over the past forty years, it is befitting to open the book with a chapter on airline operations management. This book will prove useful to researchers, students, and practitioners in transportation and will stimulate further research in this rich and fascinating area.

Modelling Stock Market Volatility

1st Edition
November 4, 1996
Peter H. Rossi
English
Hardback
9 7 8 - 0 - 1 2 - 5 9 8 2 7 5 - 7
eBook
9 7 8 - 0 - 0 8 - 0 5 1 1 8 7 - 0

This essay collection focuses on the relationship between continuous time models and Autoregressive Conditionally Heteroskedastic (ARCH) models and applications. For the first time, Modelling Stock Market Volatility provides new insights about the links between these two models and new work on practical estimation methods for continuous time models. Featuring the pioneering scholarship of Daniel Nelson, the text presents research about the discrete time model, continuous time limits and optimal filtering of ARCH models, and the specification and estimation of continuous time processes. This work will lead to a rapid growth in their empirical application as they are increasingly subjected to routine specification testing.

A Theory of Individual Behavior

1st Edition
October 11, 1996
Robert Wichers
English
eBook
9 7 8 - 0 - 0 8 - 0 5 2 5 8 4 - 6

A Theory of Individual Behavior dispels the notion that individuals act as rational agents and strives to capture idiosyncratic humanness through rigorous mathematics. Wichers describes a version of economic behavior that is more comprehensive and satisfying than neoclassical models yet still consistent with the usual aggregated concepts that form the basis of applied microeconomics. Written in an accessible and convincing style, A Theory of Individual Behavior discusses innovative material in a format that encourages classroom use. All chapters have questions at their conclusions, and there is a strong emphasis on testable results. The book contains a short review of mathematical models and discussion of received microeconomic theory, as well as summaries at the ends of chapters and many examples and illustrations.

Handbook of Combinatorics Volume 1

1st Edition
December 11, 1995
Bozzano G Luisa
English
Hardback
9 7 8 - 0 - 4 4 4 - 8 2 3 4 6 - 5
eBook
9 7 8 - 0 - 0 8 - 0 9 3 3 3 5 - 1

Handbook of Combinatorics, Volume 1 focuses on basic methods, paradigms, results, issues, and trends across the broad spectrum of combinatorics. The selection first elaborates on the basic graph theory, connectivity and network flows, and matchings and extensions. Discussions focus on stable sets and claw free graphs, nonbipartite matching, multicommodity flows and disjoint paths, minimum cost circulations and flows, special proof techniques for paths and circuits, and Hamilton paths and circuits in digraphs. The manuscript then examines coloring, stable sets, and perfect graphs and embeddings and minors. The book takes a look at random graphs, hypergraphs, partially ordered sets, and matroids. Topics include geometric lattices, structural properties, linear extensions and correlation, dimension and posets of bounded degree, hypergraphs and set systems, stability, transversals, and matchings, and phase transition. The manuscript also reviews the combinatorial number theory, point lattices, convex polytopes and related complexes, and extremal problems in combinatorial geometry. The selection is a valuable reference for researchers interested in combinatorics.