摘要翻译:
本文介绍了一些广泛使用的金融术语翻译成决策理论的语言。例如,财务杠杆可以被视为一种选择或决策的对象。我们展示了决策理论的光学如何允许感知最近引入的透视杠杆度量,这在理解最近经济危机的现象学方面被证明是非常有用的。讨论了描述随机现象的统计规律性和决策者的理性等级对实际决策的重要性。
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英文标题:
《On the nature of financial leverage》
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作者:
Yaroslav Ivanenko
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最新提交年份:
2012
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分类信息:
一级分类:Quantitative Finance 数量金融学
二级分类:Risk Management 风险管理
分类描述:Measurement and management of financial risks in trading, banking, insurance, corporate and other applications
衡量和管理贸易、银行、保险、企业和其他应用中的金融风险
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一级分类:Quantitative Finance 数量金融学
二级分类:General Finance 一般财务
分类描述:Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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一级分类:Quantitative Finance 数量金融学
二级分类:Portfolio Management 项目组合管理
分类描述:Security selection and optimization, capital allocation, investment strategies and performance measurement
证券选择与优化、资本配置、投资策略与绩效评价
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英文摘要:
The article presents a translation of some widespread financial terminology into the language of decision theory. For instance, financial leverage can be regarded as an object of choice or a decision. We show how the optics of decision theory allows perceiving the recently introduced metrics of see-through-leverage, which proved to be very useful in understanding the phenomenology of the recent economic crisis. The importance for practical decision making of specification of the statistical regularity of the random phenomena at hand as well as of the rationality class of the decision maker is discussed.
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PDF链接:
https://arxiv.org/pdf/1009.2896