A HEURISTIC MACRO MODEL OF A FINANCIAL MARKET Myron J Gordon and Suresh P Sethi


     Related Videos
Don McLeroy macro evolution revised standards
SUPER MACRO TERMITES HD Biofules wood digesting enzymes Termite harvesting
Lecture - 9 ER Model to Relational Model Maping
Investment Analysis, Lecture 13 - Macro Fundamental Analysis cont. - YouTube
WST 9 7 Adv FM Core Model - Integrating

     Related Hubpages

    Field: More fields of sc...  DOWNLOAD  BOOKMARK REPORT
    •  Doc. Url:    Embed Code: 

    • citeseer  status
      (0) (0 Votes)
      		Views: (1008)   Date: (13-05-09)   Pages: ()

    • Author:  by Nove Mb Er  Myron J. Gordon  Suresh P. Sethi  

    • Abstract:  A macro model of a financial market is presented in which the actors are portfolio investors and the securities are a share and a one-period bond. Each investor makes periodic portfolio and consumption decisions on the basis of the share?s price and expected return, and other relevant variables. The decisions of the investors are independent of each other, but price and expected return adjust so that investors in aggregate are persuaded to hold the outstanding quantities of bonds and shares. Simulation of the model is consistent with U.S. experience with respect to the mean and the variance of the holding-period return on the S&P 500, portfolio composition, and other financial market variables. Expansion of the model to include additional securities and actors is discussed. Myron Gordon is Professor Emeritus of Finance, Rotman School of Management, University of Toronto, Toronto, Canada M5S 3E6. Email: gordon@mgmt.utoronto .ca. Suresh P. Sethi is Ashbell Smith Professor of Operations Ma...

         Related Documents

           Related Groups

             Related Science News

             More on Sciencestage

             Answers

             News
        • For Houston mourners, a dearth of places to grieve
          In Whitney Houston's hometown, her family plans a private church service, with no public memorial set. In Los Angeles, where she died, there's not even a star on the Hollywood Walk of Fame for fans to pile flowers. So for the legion of music lovers mourning a global superstar, where do broken hearts go?
        • A Sip for the Ancestors: The True Story of Civilization s Stumbling Debt to Beer and Fungus
          A Sip for the Ancestors: The True Story of Civilization s Stumbling Debt to Beer and Fungus
        • Keystone: How the Oil Industry Brought a Knife to a Gunfight
          The ongoing struggle over the Keystone XL pipeline underscores a real sea change in how legislative decisions are now being made. Suddenly we see that a well-integrated grassroots initiative driven by superior digital strategies can trump the conventional inside-the-Beltway politicking of even so formidable a presence as the oil industry. Indeed, a quick glance at ...
        • Loftcube arrives in grounds of a Belgian Castle
          A luxurious Belgian castle dating back to the 1880s might seem an unlikely setting for a futuristic and modern weekend away. Situated one hour outside Brussels, Chateau De La Poste is home to a fully renovated castle with 42 guest rooms amidst 42 acres of parkland, but guests can now opt for a quiet escape with the benefits of a pint-sized penthouse that lies hidden on this historical property ...
        • From New York to Asia, Lin is a hoops sensation
          Bigger than Shaq? Larger than LeBron? The Knicks as NBA champions?
        • Lin's amazing story gets a thrilling finish
          Already writing the NBA's best story, Jeremy Lin has now scripted a thrilling finish.
        • NetApp Inc. Earnings: Booking a Profit Again
          Here's a closer look at the company's latest earnings release...
        • Flowers, gifts and a kiss for Streep in Berlin
          BERLIN (Reuters) - Meryl Streep was given a bouquet of flowers, a gift and a kiss at the Berlin film festival on Valentine's Day, and they weren't from her husband. The 62-year-old actress was at the annual cinema showcase on Tuesday to receive a lifetime achievement Golden Bear. At a packed press conference following a screening of her latest movie "The Iron Lady", Streep reflected on the price ...
        • A Minute With: Reese Witherspoon on going to 'War'
          LOS ANGELES (Reuters.com) - In her new romantic comedy "This Means War" Reese Witherspoon portrays a woman who returns to dating after a failed relationship only to find herself torn between two men, who happen to be friends and CIA operatives. The film, which opens in theaters on Friday, tucks some dating drama in between a lot of action as the two men, played by Chris Pine and Tom Hardy, find ...
        • Valentine's Day finds a niche in Islamic Iran
          Iran may reject Western influences, but Valentine's Day has become a growing phenomenon thanks to the romantically minded youth of the Islamic state's affluent classes.

             Related on Wikipedia




























         

        Powered free by PHPmotion