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Theory of Incomplete Markets, Vol. 1
Theory of Incomplete Markets, Vol. 1
by Michael Magill
Edition: Hardcover
12 used & new from $129.28

2 of 39 people found the following review helpful
1.0 out of 5 stars Esoteric and Useless, September 9, 2002
If you want to learn about finance, go read Cochrane's Asset Pricing. Magill and Quinzii's book starts off from a very broad model, called "General Equilibrium under Incomplete Markets", and by the time that you've understood all the notation, you're basically at the end of their book. Yield curve, Black and Scholes, Continuous time finance, Futures, Corporate Finance... don't think it's in their book. The authors have a perception of financial economics that is ivory tower like, not applicable, and esoteric. But then again, if you want to be theorist, this might be just the right book for you. If you want to be more than an "...", really, go read Cochrane, Hull (on contingent claims), and Merton's Continuous Time Finance (now that's a book (bible) worth spending some time on) and many other high quality textbooks. You will have spent wise money instead of buying an outdated, overrated/pretentious, boring and useless textbook.
Comment Comments (3) | Permalink | Most recent comment: Mar 3, 2015 8:56 PM PST

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