Book Description
This is a thoroughly updated edition of Dynamic Asset Pricing Theory, the standard text for doctoral students and researchers on the theory of asset pricing and portfolio selection in multiperiod settings under uncertainty. The asset pricing results are based on the three increasingly restrictive assumptions: absence of arbitrage, single-agent optimality, and equilibrium. These results are unified with two key concepts, state prices and martingales. Technicalities are given relatively little emphasis, so as to draw connections between these concepts and to make plain the similarities between discrete and continuous-time models.
Readers will be particularly intrigued by this latest edition's most significant new feature: a chapter on corporate securities that offers alternative approaches to the valuation of corporate debt. Also, while much of the continuous-time portion of the theory is based on Brownian motion, this third edition introduces jumps--for example, those associated with Poisson arrivals--in order to accommodate surprise events such as bond defaults. Applications include term-structure models, derivative valuation, and hedging methods. Numerical methods covered include Monte Carlo simulation and finite-difference solutions for partial differential equations. Each chapter provides extensive problem exercises and notes to the literature. A system of appendixes reviews the necessary mathematical concepts. And references have been updated throughout. With this new edition, Dynamic Asset Pricing Theory remains at the head of the field.
Customer Reviews:
painful and obscure.......2005-12-24
The mathematics of finance is not trivial, but neither is it really all that difficult; nevertheless, Duffie works to make you think that it is.
I maintain a scale of good versus bad mathematics writing in my head, against which I calibrate books I read. This scale stretches from, at one end, the faculty of Moscow University, in particular Israel Gelfand, Vladimir Arnold and Andre Kolmogorov, all of whom manage to explain to me hard things so that they seem easy, to, at the other, Darrell Duffie.
Finance for economists.......2005-04-27
This book provides the most elegant and coherent synthesis of finance theory, in a complete markets and frictionless settings.
For the reader interested in the theoretical foundations of modern financial models, this book has three main advantages over many of its competitors:
- It clearly shows the link between modern finance theory and the 40-year old Arrow-Debreu model. As this book will make clear, financial assets can be viewed as "bundles" of Arrow-Debreu contingent goods, and pricing kernels are simply extensions of Arrow-Debreu contingent state prices.
- It bridges the gap between arbitrage models on one hand, and models based on consumption, optimization/dynamic programming and general equilibrium on the other hand. Absence of arbitrage guarantees the existence of a stochastic discount factor, or pricing kernel. Optimality implies that the stochastic discount factor must be equal to the investors' intertemporal marginal rate of substitution.
- It provides a unified treatment of discrete-time and continuous-time models. Many finance textbooks focus on the mathematic tools and emphasize the difference between continuous-time and discrete-time tools--usually at the expense of the economics underlying both types of models. In contrast Duffie's book emphasizes the conceptual unity between continuous-time and discrete-time asset pricing.
This book was written more for students and academics than for pratictioners. It is not a reference or a recipe book for traders and programmers. Several chapters are devoted to general-equilibrium models that pratictioners are not likely to find useful. However, the essentials of derivative asset pricing and the term structure are also covered. The latest edition even includes a chapter on corporate finance.
Finally, this book is pretty much self-contained. All the graduate-level math results used in the proofs are presented either in the main body of the book, or in appendices.
Demanding but rewarding!.......2003-09-30
First of all, this book is for people with advanced mathematical preparation. Courses in functional analysis, measure theory, stochastic calculus and vector space optimization are in my opinion required for a deep understanding of the material in the book. Fortunately, the appendices are very good and provide many things that can help someone to follow the book.
In the first four chapters the writer develops the discrete-time theory,in order to provide a better understanding of the underlying ideas which remain the same in the next chapters which deal with the continuous-time setting.
Although the book needs a lot of effort from the reader, it is unique in that can help you see beyond the mathematics. In other words it USES the mathematics and it isn't just a layout of theorems and proofs.
Of course it can't be compared with books like Hull as it isn't accessible to everyone. But someone with the mathematical preparation , who has read Hull , should buy this book and he will never regret it.
best intro of finance for math guys.......2001-12-03
I am taking a phd level course which uses this book. For math guys, SDE and MG theory covered in this book are fine, but it is still somekind of tricky to fill in some details of proof. As author said, the latter chapters are just repeating the first two chapters in a fancy math way. It is better to understand the first two chapters very well and then go further. For optimal portfolio and consumption part, I prefer Merton's notes and his CTF. Whatever, this book is great and very neat for integrating the whole theory.
A tricky book.......2001-11-03
This book, whilst being very impressive i didn't really find helpful as a learning tool. A good knowledge of the subject is required otherwise it is almost impossible to follow.
I'm studying a masters in finance, and would say it goes well beyond what we need to know for such a course. Maybe maths & finance students would cover things in this.
I am amazed that people actually use such a comllicated book in practice!!
Average customer rating:
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Listening Effectiveness Profile: Packet of 5
Jon Warner
Manufacturer: HR PRESS, INC
ProductGroup: Book
Binding: Paperback
General
| Business & Investing
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Human Resources & Personnel Management
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Management
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ASIN: 087425678X |
Book Description
A relatively small number of people can actually listen with true understanding and empathy. The Listening Effectiveness Profile provides a highly structured process through which to assess an individual's current capacity to listen attentively.
Book Description
Original ads, historic design drawings, and factory photographs tell the definitive story of the American tractors development, mechanical innovations, groundbreaking designs, and company histories. Best-selling author Randy Leffingwell researched and photographed restored classics and one-of-a-kind experimental models from coast-to-coast to deliver the goods on American farm tractor.This is the book that started it all! Previous hardcover edition (0--87938-532-4 pub 1991) has sold a staggering 150,000copies!
Customer Reviews:
The History Of Tractors With Great Photographs.......2005-05-27
This is a nice book for persons involved in farming and tractors. It is an attractive large-size full-color book that is an excellent coffee table book. If you have been involved with tractors over the years, you will certainly enjoy this book's look back on the American Farm Tractors over the years.
Barnes & Noble republished this book in 2002 with the very same cover. Whether you locate the original 1991 edition or the more recent 2002 edition you will have essentially the same book.
This book will definately be a "keeper"........2002-05-10
Bought for my husband for Christmas since he comes from a few generations of tractor owners this book was the perfect gift for him to gather his son on his lap and share stories and pictures. We wish it had more pictures of more classic oldies. The brief histories given on the pictured tractors are pretty good though. I bought this book second hand, in great condition and plan on saving to give to our son when he has children so he can pass along the stories.
Average customer rating:
- good job by an young author
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The Classic American Farm Tractor: From the Beginnings To 1960
Adam Halsey
Manufacturer: Smithmark Publishers
ProductGroup: Book
Binding: Hardcover
Bargain Books
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ASIN: 0831739673 |
Customer Reviews:
good job by an young author.......2002-12-05
An informative, interesting book, considering that the author was only 16 when he wrote it. So many tractor books seem to be written by people who have never seen or driven one. This author is a young farmer, with a genuine interest in tractors and their history.
Book Description
Spin up the turbo, lock it into all-wheel drive, and shift into high gear to take a high-horsepower tour of the tractors of the 1960s! American Farm Tractors in the 1960s discusses and explores the history of John Deere and other prominent manufacturers such as IH, Famrall, J.I. Case, Allis-Chalmers, Massey-Ferguson, Ford, and White farm equipment, along with the people who produced them. Minor marques like Caterpillar, Stieger, and Versatile are also discussed, along with obscure marques and orphans.About the AuthorThe author/photographer team of Rod Beemer and Chester Petersen Jr. have collaborated on several books including Inside John Deere, Ford N-Series Tractors, and John Deere New Generation Tractors. Beemer is a writer, researcher, and tractor enthusiast. Petersen is a writer and photographer whose work appears regularly in Successful Farming and The Farm Journal. Both men live in rural Kansas.
Customer Reviews:
OK book, great pictures.......2003-01-10
Fairly decent, however there are some big pieces of misinformation. For example in a picture caption it states that the Oliver 2050 and 2150 had Cat V8 engines. Anyone who knows anything about Olivers knows it was the 2255 with Cat engine. Also a caption of JD tractor says it is a 5010 when it has a row crop front end? Nice pictures and short company history for each of the companies. Just be aware that not all of the info is gospel.
Average customer rating:
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American Farm Tractor Trademarks: Encyclopedia of Tractor Trademarks 1870S-1960s (Motorbooks International Crestline)
C. H. Wendel
Manufacturer: Motorbooks Intl
ProductGroup: Book
Binding: Paperback
Classic Cars
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General
| Automotive
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Tractors & Heavy Equipment
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ASIN: 0879389311 |
Average customer rating:
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Classic American Farm Tractors
Nick Baldwin
Manufacturer: Motorbooks International
ProductGroup: Book
Binding: Paperback
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ASIN: 0760304459 |
Average customer rating:
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The Farm Tractor: 100 Years of North American Tractors
Ralph W. Sanders
Manufacturer: Voyageur Press
ProductGroup: Book
Binding: Hardcover
Classic Cars
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ASIN: 0760330743 |
Book Description
Here is the biggest, best, and most complete history of classic farm tractors. All North American models make their appearance--from John Deere and Farmall to fascinating "orphans" like the Steel Mule, from the late 1800s steamers through the high-powered workhorses of the 1970s. In addition to high-detail large-format photography, the volume includes 100 color and black-and-white archival photos, advertising posters, and brochures. The result is an unparalleled look at the icon of American agriculture.
Average customer rating:
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The Great American Farm Tractor
C. H. Wendel
Manufacturer: Borders Press
ProductGroup: Book
Binding: Hardcover
Photo Essays
| Photography
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Classic Cars
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Tractors & Heavy Equipment
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ASIN: 0681003979 |
Average customer rating:
- Good pictorial review and brief history
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International McCormick Tractors: Reliable Red : Farmall, Deering and Case-International
Henry Rasmussen
Manufacturer: Motorbooks Intl
ProductGroup: Book
Binding: Paperback
General
| United States
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General
| Classics
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ASIN: 0879383720 |
Customer Reviews:
Good pictorial review and brief history.......2001-10-03
A 96 page book where every page is dominated by one or more pictures of restored and unrestored examples of some of IH's earlier models up to the Magnum series. A great book if you like pictures, but don't expect many details. I've had the book for about 7 years and still look through it from time to time because of the good pictures.
Average customer rating:
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Astronomy and Astrophysics Abstracts: Literature 1986, Part 1 (Astronomy and Astrophysics Abstracts)
S. Bohme
Manufacturer: Springer
ProductGroup: Book
Binding: Hardcover
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ASIN: 0387172521 |
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Question Time: Seashore (Question Time)
Angela Wilkes
Manufacturer: Kingfisher
ProductGroup: Book
Binding: Hardcover
Nonfiction
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ASIN: 0753453398 |
Book Description
Why is seaweed slimy? and What lives in a rock pool? are some of the questions answered in this informative and appealing investigation of life at the seashore.
Book Description
Which shark has the most varied diet? How can a shark drown? Which shark has a hammer? and Why does the thresher shark have a long tails, are some of the questions answered in this intriguing look at the lives of these mysterious predators.
Amazon.com
Ultra-marathoner Dean Karnazes claims "There is magic in misery." While it would be easy to write off his habit of running for 100 miles at a timeor longeras mere masochism, it's impossible to not admire his tenacity in pushing his body to reach one extreme goal after another. Sure, it's gory to read about how he lost one of his big toenails from shoe friction during the Western States Endurance Run. But what registers more is that here's a guy competing in an event that includes 38,000 feet of elevation change--the equivalent of scaling the Empire State Building 30 times.
Despite his considerable athleticism, "Karno" argues that the first half of any race is run with one's body, and the second half with the mind. Without delving into excessively touchy-feely territory, he explores "the possibilities of self" as he completes an ultra-marathon in 120-degree heat in Death Valley, and later the first-ever marathon at the South Pole. It's an odd combination: a California surfer dude contemplating how, as Socrates said, "Suffering leads to wisdom." But Karnazes's self-motivation is utterly intriguing, and it's impossible to read this memoir without wanting to go out and run a marathon yourself.--Erica Jorgensen
Book Description
There are those of us whose idea of the ultimate physical challenge is the 26.2-mile Boston Marathon. And then there is Dean Karnazes. Karnazes has run 226.2 miles nonstop; he has completed the 135-mile Badwater Ultramara-thon across Death Valley National Park-considered the world's toughest footrace-in 130-degree weather; and he is the only person to complete a marathon to the South Pole in running shoes (and probably the only person to eat an entire pizza and a whole cheesecake while running).
Karnazes is an ultramarathoner: a member of a small, elite, hard-core group of extreme athletes who race 50 miles, 100 miles, and longer. They can run forty-eight hours and more without sleep, barely pausing for food or water or even to use the bathroom. They can scale mountains, in brutally hot or cold weather, pushing their bodies, minds, and spirits well past what seems humanly possible.
Ultramarathon Man is Dean Karnazes's story: the mind-boggling adventures of his nonstop treks through the hell of Death Valley, the incomprehensible frigidity of the South Pole, and the breathtaking beauty of the mountains and canyons of the Sierra Nevada. Karnazes captures the euphoria and out-of-body highs of these adventures.
With an insight and candor rarely seen in sports memoirs, he also reveals how he merges the solitary, manic, self-absorbed life of hard-core ultrarunning with a full-time job, a wife, and two children, and how running has made him who he is today: a man with an überjock's body, a teenager's energy, and a champion's wisdom.
Customer Reviews:
Explodes the "overtraining" myth.......2007-09-28
Many other reviewers have discussed high points in this terrific book, so let me just mention one other revelation. Whenever magazines, newspapers, or TV journalists discuss exercise, they alway warn against the horrors of "overtraining." Working out the same muscle groups on consecutive days is always presented as a recipe for disaster.
It's sheer nonsense, and a book like this proves it. With obesity and Type 2 diabetes rampant in this country, we could all use a fewer warnings about "overtraining" and more encouragement to get out there every day and push ourselves. The human body was designed to be in almost constant motion every day, not stuck in a chair playing video games. The more grueling events Karnazes performs, the better and stronger he becomes. A marathon is not an amazing example of human endurance, it's a rather normal part of a hunter-gatherer's day, which is what we all are, genetically speaking. Thanks, Dean, for showing us the truth about the human body and what it can really do!
highly motivational.......2007-09-14
Well written and very insightful. Details the ways that he motivates himself to keep going even after most rational people would have hung up the towel and cried. I'm glad I read it, and it has helped me to push through my own mental and physical barriers while running.
Interesting, to say the least.......2007-08-06
There is something wrong with Dean Karnazes. In fact, not just him, but there is something wrong with anyone that does what these men and women do and I find it entirely interesting. To train and run these 50 mile hikes/runs or to run Badwater or to do these runs is just not normal and that is why it makes these books so much fun to go through. Its fun because it is hard to understand how someone would have that kind of drive and determination to do it. Karnazes does and tries to explain it.
There are some things that I found confusing or a little lacking. He describes how he re-picked up running again after nearly a decade of not running. You are kind of given the impression that he just picked it up and and worked his way up and that he knows what someone goes thru in starting to run. My experience was nothing like his...I ran 1 mile and then tried to do the same the next day. His first day of running? 30 miles all done thru the middle of the night. I guess we are all wired differently.
I didn't care much for the first marathon at the South Pole. It seemed silly. It seemed to be of little purpose but I guess it gave him the exposure that he needed and so that it was worth it to him.
OK, the parts that I did enjoy? There were many. I loved hearing of his first marathons. I enjoyed hearing how he would run to the marathon (7-10 miles) and get there right when the marathon started. It was very entertaining to hear of his first 50 miler as well as the Badwater runs. He is remarkable and those that do the runs with him or competing against him are remarkable as well.
There can be questions about him taking the time away from his family to do these runs...but is it really our business? I enjoyed the book quite a book and it has inspired me to go out and run 1-2 miles tonight. Impressive, huh?
Amazing!.......2007-07-30
Let me preface my review by stating that I am not an avid reader, in fact, I can not remember the last book I read...
This book is absolutely wonderful! Any runner, or athlete will achieve a sense of motivation from reading this book - not to mention the pointers and learning points along the way. I was enduring a mid-summer burn out, read this book in 2 days, and have a new found appreciation for the sport of running. Whenever I am struggling on a 10-mile jog, I think of Dean's 100 miler and it doesn't seem so bad. This book also includes great nutrition information and advice and is a great starting point for learning to eat the right foods. I can't recommend it enough!
Dean is human.......2007-07-27
Very insightful book by Dean. he reveals not only his motivations but also some common themes for ultrarunners. I used to be one.
Customer Reviews:
A great theoretical review........2007-02-18
I bought this book to help me review theories of language acquisition. It is well-written and an easier read than the textbook I bought for my TESL methodology course. I recommend this book to anyone reviewing for a TESL comprehensive exam. It is not the book for you if you are looking for practical teaching tips.
if its complex and difficult then why write a book.......2007-02-18
this is the best, i search for learning languages and i get only three books. if learning languages is a difficult task then why am i wasting my time reading reviews. no duh, if i have to learning the basics but where's the magic that 'hoshi' can understand the structure of languages she's never heard of before. ensign hoshi from star trek: enterprise.
i guess she's a genius and learning multiple languages quickly is not for the ordinary person. no way i'm paying $56 bucks for something i already know.
boring and verbose.......2006-11-13
This book makes me wonder what other books are written on this subject that my professor could have chosen. It is a dreary and obfuscating treatise on what should be an interesting subject.
A Great EFL/ESL textbook related to SLA.......2006-02-24
A very good textbook like Brown's other textbook for TESOL students. The book is comprehensive and still easy to understand.
Good introductory text to give students and practitioners a solid working knowledge of theory and research in SLA.......2005-10-14
Mr. "Berlitz pro-teacher['s]" review is a perfect example of why students who want to go into language teaching/education need to have at least a solid working knowledge of theory and research in second language acquisition. As I tell my graduate students, intuition and "experience" are certainly important things but effective teaching can only happen if instructors are able to make sound informed decisions that are based on what we know about how languages are acquired in the first place. As a university professor and researcher of SLA, I believe H. Douglas Brown's text is one of the good places to start to get this knowledge. The book is accessible, easy to read, and does a good job of bringing theory and classroom practice together. I show my students Mr. Berlitz pro-teacher's review at the beginning of my seminars and this review has been very effective in showing graduate students why a working knowledge of SLA theory and research is so important for language teachers. A teacher who has no understanding of how languages are acquired is like a doctor who practices medicine without any idea of how the human body works. My students have also pointed out that Mr. pro-teacher probably did not learn English with the best approach or method when you see all the spelling and grammatical mistakes in his review. See what all those drills and "repeatition" did for him?!!!
Addendum of Oct 28, 2005 - My students noticed that Mr. Pro Teacher has now corrected his spelling of "repeatition."
Book Description
Now in its 11th year, and just getting bigger and better, this eagerly anticipated volume in the art and art-buying world represents the who's who in fantasy today. Spectrum is the first and only illustration annual to focus solely on fantastic art, with over 300 artists featured. Divided into seven categories, including one devoted to comics and graphic novels, Spectrum is a feast of disparate vision and artistic imagining, showcasing, among others: John Howe, fantasy illustrator and designer for Lord of the Rings; Peter deSeve, conceptual artist on Finding Nemo; Anita Kunz's work from Rolling Stone; the exquisite acrylics of Michael Whelan; the poignant work of John Jude Palancer; Doug Chiang, design director for Star Wars and creator of Robota; and Jon Foster, also of Star Wars fame. Lively, idiosyncratic, and sometimes shocking, this work continues to push against the meniscus of reality, exploring new realms of inventiveness and creativity, be it from movies, video games, ads, or art galleries.
Customer Reviews:
Good, but mostly weak..........2006-05-24
I have one of these issues and I feel that when you own one, you own them all. Tevis Fen-Kortiay hit it right on the nail.
A Knock-out Collection.......2005-12-03
Spectrum 11 is a stunning gathering of exceptional talent. I'm not sure of the motives or reasons for describing it as "tepid", but that is definitely an inappropriate characterization. If anything Spectrum 11 is quite progressive--there are new approaches, new interpretations, new spins on familar themes, that make this book and the art inside both refreshing and exciting. Whether it's the political implications of Eric Joyner's cover, the biting humor of Todd Schorr's "An Alien In the Land of Make-Believe", the disturbing visions of Edward Binkley or the amazing dramas portrayed in the paintings by Jon Foster--there's plenty to not only enjoy but also to think about. If you love fantasy (of "phantasy") and science fiction art, you'll love this book!
Feast for the eyes........2005-08-19
A handful of experienced judges annually judge thousands of submissions. The best of the crop, of the fantasy, horror, sci-fi, and just plain weird, genres is published in a coffe-sized table artbook, Spectrum . Volume 11 is perhaps the best yet. They've increased the size fo the book both in the number of pages and physical dimensions. Also, the featured artworks seem to be more diverse and international this year.
One of the pleasures of flipping through Spectrum is seeing what you recognize, "oh, there's the cover that John Jude Palencar did for Lynn Flewelling's novels, and Jaqueline Carey too."
A MUST have for any art fan.......2005-01-31
I recently purchased Spectrum 9, 10, and 11. These books are absolutely wonderful, and I would recommend them to any artist or fan of fantasy/sci fi art. They are extremely well put together, of high quality (reproduction wise), have a large number and variety of artists, and contain some of the most beautiful works of art I have seen. Some of the subject matter can be disturbing or somewhat sexual in nature (certainly nothing explicit, but not exactly innocent either), so I wouldn't recomend them for the very young (12 or under?) if you are a parent. These books are worth every penny and highly recommended.
Sumptuous!.......2005-01-05
Continuing in the tradition of the fist 10 Spectrums, Spectrum 11 is a feast for the eyes. Gorgeous illustrations from many talented artists grace it's pages. If you are a fan of fantasy, science fiction and just plain great art, you can't go wrong if you add this to your collection!
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- Economics As Religion: From Samuelson to Chicago and Beyond
- Economics of Agglomeration: Cities, Industrial Location, and Regional Growth
- F'd Companies: Spectacular Dot-Com Flameouts
- Finance: Introduction to Institutions, Investments, and Management
- Fixed Income Markets and Their Derivatives (Current Issues in Finance)
- Float Analysis: Powerful Technical Indicators Using Price and Volume (A Marketplace Book)
Books Index
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