• List Price: $83.95
  • Save: $59.74 (71%)
Rented from RentU
To Rent, select Shipping State from options above
Due Date: May 29, 2015
FREE return shipping at the end of the semester. Access codes and supplements are not guaranteed with rentals.
Condition: Used: Good
Comment: Fast shipping from Amazon! Qualifies for Prime Shipping and FREE standard shipping for orders over $35. Overnight, 2 day and International shipping available! Excellent Customer Service.. May not include supplements such as CD, access code or DVD.
Access codes and supplements are not guaranteed with used items.
Qty:1
  • List Price: $83.95
  • Save: $20.89 (25%)
In Stock.
Ships from and sold by Amazon.com.
Gift-wrap available.
Continuous-Time Finance has been added to your Cart
Sell yours for a Gift Card
We'll buy it for $13.68
Learn More
Trade in now
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

Continuous-Time Finance Paperback – November 3, 1992

ISBN-13: 978-0631185086 ISBN-10: 0631185089 Edition: Reprint

Buy New
Price: $63.06
Rent
Price: $24.21
25 New from $60.19 19 Used from $26.21 1 Collectible from $142.86
Rent from Amazon Price New from Used from
Hardcover
"Please retry"
$448.36 $89.56
Paperback
"Please retry"
$24.21
$63.06
$60.19 $26.21
Free Two-Day Shipping for College Students with Amazon Student Free%20Two-Day%20Shipping%20for%20College%20Students%20with%20Amazon%20Student


Best Books of the Year
See the Best Books of 2014
Looking for something great to read? Browse our editors' picks for 2014's Best Books of the Year in fiction, nonfiction, mysteries, children's books, and much more.

Frequently Bought Together

Continuous-Time Finance + The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) (Collins Business Essentials)
Price for both: $76.26

Buy the selected items together
NO_CONTENT_IN_FEATURE

Hero Quick Promo
Save up to 90% on Textbooks
Rent textbooks, buy textbooks, or get up to 80% back when you sell us your books. Shop Now

Product Details

  • Paperback: 754 pages
  • Publisher: Wiley-Blackwell; Reprint edition (November 3, 1992)
  • Language: English
  • ISBN-10: 0631185089
  • ISBN-13: 978-0631185086
  • Product Dimensions: 6 x 1.6 x 9.1 inches
  • Shipping Weight: 2.3 pounds (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon Best Sellers Rank: #281,926 in Books (See Top 100 in Books)

Editorial Reviews

Review

"The thoughtful way in which the book is organized, the connectivesections, and the fullness of this remarkable scholar'saccomplishments, succeed in making this collection into a watershedevent in finance. It is a testament to how much of modern financehe has formulated, advanced, and, in a meaningful sense, brought toa satisfactory completeness. Modern finance has much to do, but itcan do no better than to add to what Merton has already done, and Irecommend this book to all who wish to learn what finance has beenup to for the past two decades." Stephen Ross, Journal ofFinance

<!--end-->"I do not see how one can undertake research inintertemporal asset-pricing under uncertainty without studying verycarefully the past and present work of Robert C. Merton.Accordingly, Basil Blackwell has done the academic and non-academicfinance community a great service by publishing this book."Michael Selby, The Economic Journal

"A coherent text that represents a bible on continuous-timefinance. Anyone with an interest in financial economics will beaware of the outstanding achievements of Robert C. Merton. To theseindividuals the book will come as no disappointment. It willundoubtedly be a classic reference on continuous-time finance formany years to come." The Manchester School

"John Maynard Keynes alludes to economics in the following terms...'the delightful paths of our own most agreeable branch of moralsciences, in which theory and fact, intuitive imagination andpractical judgment, are blended in a manner comfortable to thehuman intellect.' Robert C. Merton's Continuous-timeFinance, which comes to us more than 20 years after his firstpaper appeared, squarely fits this description." SureshSundaresan, Columbia University, The Review of FinancialStudies

From the Back Cover

Robert C. Merton's widely-used text provides an overview andsynthesis of finance theory from the perspective of continuous-timeanalysis. It covers individual financial choice, corporate finance,financial intermediation, capital markets, and selected topics onthe interface between private and public finance. For this revisededition a new section on managing university endowments has beenadded.

The book begins with a foreword by Paul Samuelson.

Customer Reviews

5.0 out of 5 stars
5 star
4
4 star
0
3 star
0
2 star
0
1 star
0
See all 4 customer reviews
Share your thoughts with other customers

Most Helpful Customer Reviews

23 of 28 people found the following review helpful By A Customer on February 25, 2000
Format: Paperback
This book is a collection of thier(most of the parts are Merton's) papers written during the past 25 years. The papers are little bit changed so as to be cross-referenced through the book. Also You can find some comments in the book for the recent literatures. As you know, Dr. Merton introduced continuous-time approaches into the finance. This book deals with basic mathematics for the continuous time finance, portfolio selection, option pricing, and theory of intertemporal equilibrium. The value of this book is greater than that of papers copied separately in the library. Also it is a great pleasure to see how his theory has been evolved through the book.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
8 of 10 people found the following review helpful By Michael Emmett Brady on September 8, 2008
Format: Paperback
Merton's book presents the continuous time generalization of existing finance theory.A good representative section ,demonstrating his technique throughout the book,is contained in his generalization of the Tobin-Markowitz mean -variance approach using the log normal distribution to artificilly minimize the presence of outliers(pp.131-136).Throughout the book Merton uses the word " uncertainty " when he should be using the word " risk ".The entire book is based on the assumption that the central limit theorem holds so that one does not need to consider any other possible distribution shape except the normal because the distribution of the sample means will always be normally distributed for large samples taken from any other shaped distribution.However,this requires that the sample space be composed entirely of continuous and independent observations.The purpose of goodness of fit tests is to establish that the assumptions of the central limit theorem do,in fact ,hold.Nowhere in this book is a single goodness of fit test mentioned or reported.In fact,there is no discussion of any of the existing types of goodness of fit tests at all.Benoit Mandelbrot has demonstrated for about 50 years that the time series data on price changes in financial markets world wide is NOT continuous(they are discrete , bunched,and change in data jumps )and NOT independent(they are dependent-moreover, the time sequence of the events is extremely important).Mandelbrot's critique is thus a much more advanced form of the initial objections raised by J M Keynes to Jan Tinbergen's 1937-38 use of least squares to predict changes in investment spending over time, based primarily on Tinbergen's use of a lagged expectations variable,that appeared in the Economic Journal of 1939-40.Read more ›
5 Comments Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
Format: Paperback
Delivered on time, very efficient.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
5 of 20 people found the following review helpful By A Customer on October 8, 1999
Format: Paperback
I think the Nobel Prize was not enough to thank Professor Merton for his thought. The absolute and necessary book to approach continuous time Finance.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again

More About the Author

Discover books, learn about writers, read author blogs, and more.

What Other Items Do Customers Buy After Viewing This Item?