{"product_id":"physics-envy-david-nawrocki-9781460933787","title":"Physics Envy: A Collection of White Papers Identifying Positive Economics, Optimization, Their Role in the Financial Crisis and Solutions","description":"\u003cp\u003e The authors begin by re-examining utility theory in order to establish a stable foundation to their work in risk quantification and a markets hypothesis. \u003c\/p\u003e\u003cp\u003e This fresh perspective offers a truly heterodox methodology, abandoning the assumptions economic and financial theory have depended on for decades. Introducing the updated utility theory into post modern portfolio theory has enabled the authors to demonstrate ex ante efficiency, rather than ex post optimization. \u003c\/p\u003e\u003cp\u003e The current financial crisis, as well as historical ones, could have been avoided if market participants had a better theoretical framework from which to operate. This work offers such a framework with the guiding principle that the inherent uncertainty of markets cannot be modeled away with convenient assumptions. \u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e David Nawrocki,Fred Viole\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1460933788\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781460933787\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Createspace Independent Publishing Platform\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 04\/14\/2011\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 200\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.23lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 10.00h x 8.00w x 0.52d\u003c\/p\u003e","brand":"David Nawrocki","offers":[{"title":"Paperback","offer_id":48800263799039,"sku":"9781460933787","price":59.95,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.whiterainbookhouse.com\/products\/physics-envy-david-nawrocki-9781460933787","provider":"WR Book House","version":"1.0","type":"link"}