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Foundations of Financial Economics

Chapter
Part of the Advances in Spatial Science book series (ADVSPATIAL)

Abstract

Financial economic theory was founded on several major theoretical breakthroughs in economic theory and has evolved into the tool that governs every financial market worldwide today. It is a unique example of how abstract mathematical theory can explain and extend real applications. Phenomenologically, financial economic theory has become the common language used by all participants in financial markets. Moreover, it provides a solid framework for the study and the development of financial markets and its products.

Keywords

Utility Function Risk Aversion Asset Price Option Price Financial Economic 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1997

Authors and Affiliations

  1. 1.School of ManagementUniversity of MassachusettsAmherstUSA
  2. 2.Department of Mechanical and Industrial EngineeringUniversity of MassachusettsAmherstUSA

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