History: Fiction or Science? (Chronology, No. 1)

Book Description

Recorded history is a finely-woven magic fabric of intricate lies about events predating the sixteenth century. There is not a single piece of evidence that can be reliably and independently traced back earlier than the eleventh century. This book details events that are substantiated by hard facts and logic, and validated by new astronomical research and statistical analysis of ancient sources.

Customer Reviews:

Calculations are only as good as your numbers.......2007-08-03

Yes, we can all agree that mainstream history is nearly 100% BS due to politics, economics, ego, problems with dating techniques, and various conspiracies. Agreed. But, I've been researching the distinct possibility that human history (in terms of civilizations) are much more ancient than we've been told, so coming across this book was very interesting to me. I wondered how Fomenko could be wrong (if at all) because he is very persuasive in his presentations. Then it dawned on me. If at previous times in prehistory, due to the various catastrophies that are well documented (comets, asteroids, planetary disruptions, plasma discharge, pole reversals, etc) the Earth was in a different position in relation to the sun, different tilt on its axis, different orbit, different rotation (in terms of velocity and DIRECTION), and the continents were in different positions, then would this not cause the ancients to see the sky (constellations) differently? In other words, is Fomenko making erronious assumptions about the physics of the Earth in pre-history, which then corrupt his data with regards to dating the relevant astrology? The last event to seriously disrupt our planet occured roughly 3500 years ago, according to other good researchers, so is it possible Fomenko has been confused by this? The vastly different physics of our planet in the not so distant past may explain this confusion, which is not to say the "mainstream" version of history is correct; on the contrary. I am not an expert in these fields, but wanted to see if this idea could spark discussion.

Pants on fire?.......2007-07-19

Will people ever read before spamming? Yes, Jesuits could not rewrite world history alone, they had help. Anyway, Dr Prof Acad A.Fomenko does not point to jesuits as the driving force of world wide history manipulation in published volumes 1,2,3;, actually he barely mentions the poor devils. Check it with 'Search inside' feature, please. China is rarely mentioned either, in fact, Dr Fomenko is completely eurocentric. Right, his theory contradicts all mainstream schools of history, because in their actual state they are all built on blatantly erroneus chronology. You don't need a mysterious cabal (conspiracy) to falsify history, the falsification is its modus operandi. It is inherent to history(ians) to falsify (distort) events, as it is inherent to humans to boast as it is inherent to power (authority) to legimize itself by referrring to glorious past made to its own order. Dr Prof Fomenko and team have identified scores of instances of such manipulation in Russian, European, etc.. history, and delivered valid statistical proof thereof. His own 'reconstruction' is completely another story. Forget c14 as a valid method of dating. W.Libby has initially discovered a brilliant method of INDEPENDENT dating. Too bad, c14 method has become a joke after a forced marrige with dendrochronology with consensual chronological scale inbuilt. Radiocarbon method can't stand blind tests, but is so very productive as a rubberstamp.

Accepted History & Chronology Must Be Changed. .......2007-04-09

There is no doubt that history as most know it is a sham, & institution's version of History both University & Church is fradulent & inaccurate. Everything was established with an agenda, The real "Dark Ages" are now when we have access to incredible amounts of information past authorities & more important 'common folk' didn't have but our institutions & educators are slow to evolve because of what has ignorantly & arrogantly been taught for too long. This is on many subjects not just Chronology.

For anyone to question "Why would a Mathematician have anything credible to say of History?" The answer is from Dr. Fomenko's preface in the book: "It would be worthwhile to remind the reader that in the XVI-XVII century Chronology was considered to be a subdivision of Mathematics." These volumes could possibly be some of the most important works to date & should be read by everyone with an interest in History, especially professors & educators who have a duty to the public. I have read both books & must say that 'Chronology 1' has some very eye opening & revolutionary information. Even if these volumes are part true the implications are profound & opens the doors to further investigations & questions which must be done. I speak several different lanquages & must say the logic Dr. Fomenko uses with "inflection" of words & words being read from left to right in one region & right to left in another then written backwards, the removal of vowels & get down to basics of words, or different cities & locations having the same name etc. is correct. Vowel usage has always been optional & varied, actually complicating linquistics & study. The first thing one has to understand is that words never had a fixed spelling in history like we do now, the spelling of words was mutable & regional, as well as names & titles of people were vast, varied & changed, NOTHING WAS FIXED or understood linear. Matters of Life & Death as well as financial profiteering yesterday & today were & are made with ignorant, illogical & conspiratorial views of history & reality, it's time people get closer to the Truth & society collectively grow up.

Very Interesting.......2007-03-07

It is a good proposal and I believe it will mature into something even better in the future. I think it deserves to be read.

History as Science Fiction.......2007-01-10

Anatoly Fomenko has written a very intriguing book, full of pictures, charts, and computer 'proof' of his thesis: backwards of AD900 we don't really know what happened or when. Between AD900 and AD1600 there is more certainty, but there is still a lot of fuzzy ground, and things don't get reliable until we get past the 1600's where the printing press made it very difficult for the perpetrators of this timeline manipulation to change anything that had been committed to print. The Dark Ages did not happen. Books were burned for a reason. One organization has doubled the actual length of its existence by expanding the real chronology. Read why.

I had always wondered why Christ died about AD33 and yet men waited until the 11th century to form the Knights Templar, the Cathars, etc and go after the Holy Land by force. Why the 1000 year gap? Turns out there wasn't more than a 10-12 year gap and he proves it using astronomy. This also implies that the planet is not as old as we have been told, and current Christian and other creationist scientists are already championing that idea without being aware of Fomenko's book. The two groups, creationist scientists and the Russian mathematical analysts corroborate each other. Fascinating.

Of course, all this flies in the face of what we have been told traditionally is the 'proper' chronology of western civilization, and most readers will experience 'cognitive dissonance' in reading this book. It means that our history going backwards from AD1600 becomes progressively more incorrect and unreliable until it cannot be trusted at all... in the space of 700-800 years.

Naturally, the curious, open-minded reader will want to know WHO did this, WHY, and did any of the events we think of as really ancient ever happen?
Dr. Fomenko is a respected scientist/mathematician at Moscow State University who has already answered these questions to the satisfaction of his initially skeptical colleagues. Most of them are now believers, a few still refuse to believe (the usual diehards), and of course the western press has ignored Fomenko's work -- for obvious reasons when you read the book. The ones who perpetrated this chronology ruse have a lot to answer for. They are still with us. That's why this book is a well-kept secret.

I gave the book a 4-star rating because I was unable to check out some of his claims; those I checked were as he said. But if even 1/3 of his claims are true, this punches a big hole in what we think is our history, the meaning of western civilization, our educational process (for repeating the ruse as gospel), and the trustworthiness of the organization that perpetrated this ruse, well-intentioned or not.

This book relates to current research into a Young Earth paradigm, to John Keel's discoveries about our planet, and Fr Malachi Martin's insights (in his now out-of-print books). We are indeed sheep who are manipulated and kept ignorant -- for a reason. While knowing what these men have to say may be the "booby prize" (as in: 'what can you do with this knowledge?'), it will provide interesting reading. Didn't someone say: "...and the Truth will set you free."?? For you to judge if this book contains the truth.

The Architecture of New York City: Histories and Views of Important Structures, Sites, and Symbols

Average customer rating:

wonderful
A good book for a visitor to NYC

The Architecture of New York City: Histories and Views of Important Structures, Sites, and Symbols
Donald Martin Reynolds
Manufacturer: Wiley
ProductGroup: Book
Binding: Paperback

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ASIN: 0471014397

Book Description

From the reviews of the first edition of Architecture of New York City… "It should provide joy to anyone even vaguely interested in this city and its artifacts.… It is very likely to turn them into enthusiasts." —New York Times Book Review "…weaves the little-known stories of 80 buildings and landmarks into a colorful tapestry of New York's whirlwind history.… This richly illustrated guide can be read from beginning to end with great pleasure." —Publishers Weekly "…Reynolds takes a new look at the older glories of New York. The architecture is freshly seen and is clearly researched. Reynolds' splendid photographs present highly original views of familiar (and not so familiar) important structures and sites." —Adolph Placzek, former president of the Society of Architectural Historians The history of New York City is a rich pageant of culture, commerce, social change, and human drama stretching back five hundred years. And when we know where to look for it, it is all there for us to see, vividly etched into the cityscape. Now in this celebration of New York's architecture, Donald Martin Reynolds helps us to see and appreciate, as never before, the city's monuments and masterpieces, and to hear the tales they have to tell. With the help of nearly 200 striking photographs (20 of them new to this edition), Dr. Reynolds takes us on an unforgettable tour of five centuries of architectural change and innovation—from 16th-century Dutch canals and 18th-century farmhouses, to the elevator buildings of the 1870s (precursors of skyscrapers) and the Art Deco, Bauhaus, and Post-modern buildings that make up New York City's celebrated skyline. Floor by floor stone by stone, detail by detail Dr. Reynolds lovingly describes 90 of the city's most striking buildings, bridges, parks, and places. He tells us when, why, and how they were built and who built them, and in the process, he evokes the illustrious and exciting history of this restless, ceaselessly seductive metropolis.

Customer Reviews:

wonderful.......2002-12-29

This is a wonderful book that extensively covers the architecture of buildings in New York, from past to present. Full of interesting background information. I can recommend this book to anyone that is interested in New York architecture. Unfortunately, photographs are kept to an essential minimum. Other than that, it was everyting I hoped for.

A good book for a visitor to NYC.......1999-06-05

I bought this book a few days before my first visit to New York City. However, just reading very first part of this book gave me good knowledge of both history and architectures of NYC.

This book starts with the born of New York City in 17th century, and covers many famous (and not so famous) architectures with about 200 photos taken by the author. It covers Georgian influence of 18th Century, Greek revival of 19th century, the Chicago school...etc. The Art Deco Skyscrapers, such as the Empire State building and the Chrysler building are well described. A whole chapter is devoted to Rockefeller Center. The history of MOMA (Museum of Modern Art) is interesting...

Book Description

Ten new and important essays on design cover Modernism's fortunes in Germany, Italy, Sweden, Britain, Spain, Belgium and the USA; they range in subject matter from world fairs and everyday domestic objects to American West coast architecture and French and Italian furniture.With essays by Tim Benton, Gillian Naylor, Penny Sparke, Wendy Kaplan, Clive Wainwright, Martin Gaughan, Guy Julier, Mimi Wilms, Julian Holder and Paul Greenhalgh."The object of this book is to diffuse myths. If modernism has, in the past, been both absurdly praised and absurdly damned, Modernism in Design seeks to lift it out of this cycle, and to demonstrate that the modern movement could offer neither Jerusalem nor Babylon ... In this, the book succeeds admirably."—Designer's Journal"While this collection of essays is aimed primarily at design historians and students of design history, hard-pressed practising designers and architects should make room for it on their bookshelves."—Design

Age of the masters: A personal view of modern architecture

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Thoroughly Enjoyable & An Individual Voice

Age of the masters: A personal view of modern architecture
Reyner Banham
Manufacturer: Architectural Press
ProductGroup: Book
Binding: Unknown Binding

General | Architecture | Professional & Technical | Subjects | Books

Customer Reviews:

Thoroughly Enjoyable & An Individual Voice.......2001-07-20

That Banham knew or met many of the Architects in this book (Gropius, Aalto, Stirling, Mies) only adds to the personal flavor of the criticism. Far from uniformly positive, the book does show a basic love of Modern Architecture & all its contradictions. From Mies to Bruce Goff to Aalto to the penguin house in the London Zoo (an hilarious review), Banham covers the spectrum well & with an ever so slightly jaundiced eye. Great & opinionated.

Architecture of New York City: Histories and Views of Important Structures, Settings, and Symbols

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Architecture of New York City: Histories and Views of Important Structures, Settings, and Symbols
Donald Martin Reynolds
Manufacturer: Macmillan Pub Co
ProductGroup: Book
Binding: Hardcover

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ARCHITECTURE: A MODERN VIEW
Richard Rogers
Manufacturer: Thames and Hudson Great Britain
ProductGroup: Book
Binding: Hardcover
ASIN: B000MTHXAY

Architecture: A Modern View (The Twenty-second of the annual Walter Neurath memorial lectures)

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Architecture: A Modern View (The Twenty-second of the annual Walter Neurath memorial lectures)
Richard George Rogers
Manufacturer: Thames & Hudson
ProductGroup: Book
Binding: Paperback

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Built in Milwaukee: An Architectural View of the City

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Built in Milwaukee: An Architectural View of the City

Manufacturer: Univ of Wisconsin Pr
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Binding: Paperback

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City as Landscape: A Post Post-modern View of Design and Planning

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City as Landscape: A Post Post-modern View of Design and Planning
Tom Turner
Manufacturer: Taylor & Francis
ProductGroup: Book
Binding: Paperback

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ASIN: 0419204105

Book Description

This clear book on the practical application of theories of landscape and planning presents a collection of essays, arranged thematically, in which the author takes a critical look at new approaches to current problems in both landscape/environmental design and urban planning. He shows how design in these areas is changing - or should change - in response to the influence of Postmodern ideas from cultural theory.

Cubes and man: A psychological view of architecture

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Cubes and man: A psychological view of architecture
Victor Bohm
Manufacturer: Psychological Library Publishing
ProductGroup: Book
Binding: Unknown Binding

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Book Description

A land of stunning scenery and startling contrasts, of deep canyons, jagged mountains, and blistering deserts, the Southwest is the most colorful of regions, geographically and historically. It contains more national parks and monuments than any other area of the United States, a measure of its extraordinary beauty and the equally extraordinary efforts to preserve it.

Paul Robert Walker's ambitious chronological history gives readers a powerful sense of this unique region and the people—Indian, Hispanic, and Anglo—whose stories are etched into the earth. From Spanish invaders and their missions, the Santa Fe Trail, the Texas Revolution and the Mexican War, to Indian battles, gunslingers, land grabs, modern border issues, and nuclear research, Walker expertly assembles the story of the Southwest. In compelling prose, he evokes, as never before, the spirit of this corner of American from the ancient Pueblo and Hopi cultures to the New Southwest and the pressures the region faces from growth and scarcity of resources.

Illustrated with contemporary photographs of landscapes from New Mexico, Arizona, and California, to Utah, Colorado, and Texas by acclaimed photographer George H.H. Huey, The Southwest captures all the magic of this awe-inspiring land.

Customer Reviews:

A STUNNING PICTORIAL CHRONOLOGY.......2001-12-23

As we are reminded in this stunning pictorial chronology there is little on our shores to rival the grand beauty and dramatic history of the Southwest. Photographer George H. H. Huey illustrates the volume with contemporary photos of landscapes from Arizona, California, New Mexico, Colorado, Texas, and Utah.

Presenting the stories of this region and its peoples - Indian, Hispanic and Anglo - the author begins with the Clovis people, who can be traced back some 13,000 years, and then he moves on to the Pueblo and Hopi tribes who found homes on in the mesas of Arizona.

Spanish and French missionaries and explorers also play a role in the area's rich cultural background. Among the first missionaries to pioneeer the Southwest were Eusebio Kino and Junipero Serra who traveled to California to convert the native peoples and claim land for the Spanish king. Expeditions from France were largely focused on Texas.

Perhaps most impressive of all is the recounting of William Becknell's forging of the Santa Fe Trail.

Walker brings the area to the present with nuclear research, contemporary border issues, unparalleled growth, and diminishing resources.

Both fascinating and edifying, "Gold, God & Grandeur" will be of interest to all Southwesterners.

- Gail Cooke

Book Description

What do phone rates, frequent flyer programs, and railroad tariffs all have in common? They are all examples of nonlinear pricing. Pricing is nonlinear when it is not strictly proportional to the quantity purchased. The Electric Power Research Institute has commissioned Robert Wilson to review the various facets of nonlinear pricing. The work starts with a general non-mathematical discussion, followed by a more technical presentation intended for readers with a fairly advanced background. Thorough and detailed, this study has ample examples of case studies from a variety of industries.

Customer Reviews:

Whoa, Einstein-dude!.......2002-10-25

This is the worst business book I have ever read. The connection between his hypothesis on pricing and his discourse on science and mathematics is lacking or at best weak. This is truly voodoo-finance at its worst.

Academically oriented........2002-01-02

Managers that have been out of school for two years will benefit more from theor own experiences.

Good text for MBAs to chew on.

Handy compendium.......2001-01-21

This is the most detailed monography on nonlinear pricing that one can get nowadays. Written by one of the most active and innovative theorist the book is filled with the masterly blend of both applications and theoretical models. Accessible to anyone who has a solid grasp on the fundamentals of microeconomic theory. It was written in the beginning of the 90s and since then significant research has been done - including the mechanism design aspect of nonlinear pricing theory. Thus a new, revised edition would be welcome both for researchers and students.

This is really the best and thorough book on the subject. The only wish I could have is the too light and concise treatment of nonlinear pricing in noncompetitive markets that are far from both extrema of monopoly and perfect competition. Nevertheless, an excellent read.

Nonlinear Pricing.......2000-05-01

This is a good book that gives an overview of how to a company can maximize its products/services by establishing a multiple pricing structure for identical products based on what customers they are targetting.

Term Structure Modeling and Estimation in a State Space Framework (Lecture Notes in Economics and Mathematical Systems)

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Term Structure Modeling and Estimation in a State Space Framework (Lecture Notes in Economics and Mathematical Systems)
Wolfgang Lemke
Manufacturer: Springer
ProductGroup: Book
Binding: Paperback

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Monte Carlo Methods in Financial Engineering (Stochastic Modelling and Applied Probability)

ASIN: 3540283420

Book Description

This book presents a series of dynamic models of the term structure of interest rates, covering both theory and estimation in a unified framework. Special emphasis is placed on models which are driven by innovations that have a Gaussian mixture distribution. These models are able to flexibly capture the observed non-normality in the distribution of bond yields. It is shown that the theoretical models can easily be cast into the statistical state space form, which provides a convenient framework for statistical inference. An application to US data illustrates the properties of the models and shows the estimation techniques at work.

Nonlinear Pricing: Theory & Applications (Wiley Trading)

Average customer rating:

Completely Useless
Not worthy to present itself as a serious work
Ego trip with virtually no useful baggage
Contains no substance or even one concrete idea
Hand Waving and Puffery

Nonlinear Pricing: Theory & Applications (Wiley Trading)
Christopher T. May
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

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The (Mis) Behavior of Markets: A Fractal View of Risk, Ruin And Reward

ASIN: 0471245518

Book Description

One of the many striking applications of nonlinear technology in recent years, nonlinear pricing uses cutting-edge technology to identify and exploit patterns hidden within the seemingly helter-skelter rise and fall of daily stock prices. Nonlinear Pricing sheds much needed light on the principles behind this innovative view of reality and provides clear explanations of how it is employed to predict-at least partially-the unpredictable.

Beginning with an incisive introduction to the topic, May presents the roots of nonlinearity through the examples of calendrics, geometry, and music. He then illustrated the application and integration of various nonlinear technologies, including genetic algorithms, fuzzy logic, fractal imaging, and nonlinear dynamics, to such essentials as trading strategies, asset allocation, risk management, and derivative pricing and hedging. Along with practical methodologies and a wealth of real-world examples, this comprehensive resource contains a glossary of terms, a bibliography and in-depth information on:
* Fractal analysis-power law distributions, fractional Brownian motion, and their relationships
* The Hurst Exponent-the KAOS screen and its practical implementation
* Resonance-time domain versus frequency domain, Brownian motion, and the Gaussian distribution
* Advanced concepts-Soros's Reflexivity, non-equilibrium economics, kernel of theoretical nonlinear pricing, May's Law, resolution and resonance

Written by one of the few practitioners using this breakthrough methodology to trade the markets successfully, Nonlinear Pricing fills an important niche in investment literature. It is a must read for anyone seeking to understand-and capitalize on-twenty-first century financial economics.

CHRISTOPHER MAY (New York, NY) runs TLB Partners, LP, an onshore hedge fund and May Nonlinear US Equity Fund, an offshore fund.

Customer Reviews:

Completely Useless.......2001-09-11

Optimistically I bought this book expecting an insight into non-linear models of price behvaiour, maybe some thoughts I could use to flesh out my own experience - a peek into other approaches to managing price volatility perhaps. What I got was a rehash of technical analysis with a glaze of chaos theory. Don't bother.

Not worthy to present itself as a serious work.......2001-09-07

I expect that I am not the only reader to conclude that Christopher May has only a cursory grasp of nonlinearity. As a reader of philosophy and religion and a mathematician with research experience in nonlinear dynamics, I kept wondering when the "hand waving" and "name dropping" were going to yield to some cold, hard analysis or practical application. I might even have settled on a few unproved practical pricing applications!

To add insult to injury, this book was poorly edited: papers were discussed as if well-known, then introduced five paragraphs later; whole paragraphs were repeated several times, as if the book had been a series of independent pamphlets stapled together; anecdotal musings ran on for pages with no purpose apparent other than to impress the reader with the author's erudition; typographical errors peppered the few mathematical expressions.

I have similar complaints with Edgar Peters' books, but at least Peters understands nonlinearity sufficiently to have applied some famous techniques to problems in financial valuation. One can hardly escape the suspicion that Christopher May is a long-winded "poseur."

Ego trip with virtually no useful baggage.......2001-03-30

If you're looking for a good primer in fractal economics, do not waste your money, or worse, time with this book. You can get more information and less noise from E. Peters's "Chaos and Order in the Capital Markets". The most useful information you'll get from this book is a description of the Hurst exponent; the rest is, well...

I don't mind random musings with an articulate friend after dinner, but please don't do it in a pedagogical-sounding, inflated tome. Let the quotes describe themselves:

"... this chapter will present a challenge because it exists at a rarified level of understanding."

"I maintain, as any good scientist does, that the theory must fit the facts".

"The mathematics in this chapter may be complex to the financial economics professional" (I found the series summation as the most complex math in that chapter.)

Errors and carelessness are so prevalent, this book really brings down my opinion of the JW editors. Concepts of dependent and independent variables are mixed up, atrocious-looking graphs of normal and Levy distributions are shown, notations like "m2" are printed instead of "m(superscript)2" to mean m-squared, etc.

Most of the time is spent waxing philosophical connections among shallowly described concepts like Fourier transform, superstrings, the scriptures, Brownian motion, Socratic logic, etc. To be fair, if this sort of shooting-the-breeze provides a relaxing read for you, this book might fit the bill.

The author breathlessly describes "original concepts" like fixing risk for varying returns in security portfolios: this is already done with instruments like mortgage securities.

Perhaps the author's own quotation of Occam's Razor should have been heeded, "That which is not needed should not be included".

I did find the Bloomberg KAOS screen description on page 128 useful. If you use Bloomberg, you can also get that from the manuals.

Contains no substance or even one concrete idea.......2000-02-02

Very poor treatment of the topic. The author doesn't seem to know where the nonlinearity lies in "Nonlinear Pricing". He sees it "everywhere". One wonders whether he even knows the difference between a linear and a nonlinear function, and if so why he seems to think that a Gaussian distribution pertains to "linear", and anything else to nonlinear. It is clear that his understanding of mathematics is at best vague; unfortunately not even his concepts bear much merit. "Genetic", "Fuzzy", "Non-equilibrium" are simply used as buzzwords to create the air of being mathematically-sophisticated (the mathematical community knows that "genetic algorithms" are essentially a characterization of "stabbing in the dark" in the absence of a better search procedure, or often, of knowledge). He even dares to toy with concepts from physics which he can't even start to fathom.

I see some readers fairly impressed with the book. If you don't have much understanding of math and the fundamental sciences, you might be. But you'll also be left with no understanding at the end of the day ( you might attribute the lack of understanding to your background in "humanities", but it will really be because the book has no substance ).

With his writing style, the author could perhaps have given Deepak Chopra a run for his money had he concentrated more on the religious part and had he sounded less cocky. Only religion/metaphysics would marvel at the unsubstantiated rhetoric one finds in this book. However, this is scientific ground he is attempting to tread on.

Just read Mandelbrot's original book ...

Hand Waving and Puffery.......2000-01-07

The book can be summarized in 11 words: "Genetic fractal neural fuzzy chaotic nonlinear stuff good. Traditional finance bad."

There is no real information in the book. There are unsupported anecdotes and a myriad of quotes from non-financial sources. The lack of substance in the text leads one to suspect that the author himself doesn't understand the underlying mathematics himself.

For a better source, Chapter 12 of Econometrics of Financial Markets by Campbell, Lo and MacKinlay has more information on nonlinear modelling than the whole of this book (and it has a couple hundred pages on traditional financial economics.)

Average customer rating:
Conditional coskewness and asset pricing [An article from: Journal of Empirical Finance]
D.R. Smith
Manufacturer: Elsevier
ProductGroup: Book
Binding: Digital

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ASIN: B000PDSPD6

Book Description

This digital document is a journal article from Journal of Empirical Finance, published by Elsevier in 2007. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
We explore the empirical usefulness of conditional coskewness to explain the cross-section of equity returns. We find that coskewness is an important determinant of the returns to equity, and that the pricing relationship varies through time. In particular we find that when the conditional market skewness is positive investors are willing to sacrifice 7.87% annually per unit of gamma (a standardized measure of coskewness risk) while they only demand a premium of 1.80% when the market is negatively skewed. A similar picture emerges from the coskewness factor of Harvey and Siddique (Harvey, C., Siddique, A., 2000a. Conditional skewness in asset pricing models tests. Journal of Finance 65, 1263-1295.) (a portfolio that is long stocks with small coskewness with the market and short high coskewness stocks) which earns 5.00% annually when the market is positively skewed but only 2.81% when the market is negatively skewed. The conditional two-moment CAPM and a conditional Fama and French (Fama, E., French, K., 1992. The cross-section of expected returns. Journal of Finance 47,427465.) three-factor model are rejected, but a model which includes coskewness is not rejected by the data. The model also passes a structural break test which many existing asset pricing models fail.

Filtering and identification of Heston's stochastic volatility model and its market risk [An article from: Journal of Economic Dynamics and Control]

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Filtering and identification of Heston's stochastic volatility model and its market risk [An article from: Journal of Economic Dynamics and Control]
S. Aihara , and A. Bagchi
Manufacturer: Elsevier
ProductGroup: Book
Binding: Digital

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ASIN: B000PAUHXA

Book Description

This digital document is a journal article from Journal of Economic Dynamics and Control, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
We study the filtering problem for the stochastic volatility model of Heston by using the nonlinear estimation theory. To solve the estimation problem for the stochastic volatility process, we use the random time change method. The derived basic equation for the filtering is the so-called Zakai equation and its numerically realized algorithm is proposed with the aid of the splitting-up method. Regarding the European call option problem, the identification of the market price of the volatility risk is also studied. Some numerical simulation studies are demonstrated to show the advantage of the proposed method.

Forecasting nonlinear crude oil futures prices.: An article from: The Energy Journal

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Forecasting nonlinear crude oil futures prices.: An article from: The Energy Journal
Saeed Moshiri , and Faezeh Foroutan
Manufacturer: Thomson Gale
ProductGroup: Book
Binding: Digital

General | Business & Investing | Subjects | Books

Book Description

This digital document is an article from The Energy Journal, published by Thomson Gale on October 1, 2006. The length of the article is 7181 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Forecasting nonlinear crude oil futures prices.
Author: Saeed Moshiri
Publication: The Energy Journal (Magazine/Journal)
Date: October 1, 2006
Publisher: Thomson Gale
Volume: 27 Issue: 4 Page: 81(15)

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Global plant capacity and product allocation with pricing decisions [An article from: European Journal of Operational Research]

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Global plant capacity and product allocation with pricing decisions [An article from: European Journal of Operational Research]
A.K. Chakravarty
Manufacturer: Elsevier
ProductGroup: Book
Binding: Digital
ASIN: B000RR65QY

Book Description

This digital document is a journal article from European Journal of Operational Research, published by Elsevier in . The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

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Trade-offs in global manufacturing decisions involve markets, resource costs, trade-barriers, currency exchange rates, joint ventures and investments. We develop a model that optimizes plant investment decisions, while ensuring that the plant investment overhead is optimally absorbed by products produced from that plant. The model also, simultaneously, determines prices by products and countries. The special structure of the model is exploited to construct a fast solution procedure. The model is used to study the implications of labor cost, transportation cost, demand, and import tariff on production quantities, investment, and overhead absorption pattern. Implications of changes in other global parameters such as local-content rule, local taxes, size of the market in a country, and long-term exchange rates are also studied.

Monopoly and optimal nonlinear pricing: the case of route monopolies and heteregeneous demand in the air transport market [An article from: Transportation Research Part E]

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Monopoly and optimal nonlinear pricing: the case of route monopolies and heteregeneous demand in the air transport market [An article from: Transportation Research Part E]
J. Tournut
Manufacturer: Elsevier
ProductGroup: Book
Binding: Digital
ASIN: B000RR1J1K

Book Description

This digital document is a journal article from Transportation Research Part E, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

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This paper explores the robustness of the one-dimensional screening model with respect to increasing the number of instruments and the number of characteristics. We study a case of nonlinear pricing (2 instruments (2 routes on which the airline provides customers with services), 2 characteristics (demand of services on these routes) and two values per characteristic (a low or a high demand of services on these routes)) and we show that none of the conclusions of the one-dimensional analysis remain valid. In particular, upward incentive compatibility constraint may be binding at the optimum. As a consequence, they may be distortion at the top of the distribution. In addition to this, we show that the optimal solution often requires bundling, while it is sometimes optimal for the monopolist to produce only one good or to exclude some buyers from the market. This means that the monopolist cannot fully apply his monopoly power and is better off selling two goods independently. We define all possible solutions in the case of a quadratic cost function for a uniform distribution of agent types and demonstrate that the range of services proposed by an airline is often larger than the corresponding range in demand.

Nonlinear pricing and type-dependent network effects [An article from: Economics Letters]

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Nonlinear pricing and type-dependent network effects [An article from: Economics Letters]
A. Sundararajan
Manufacturer: Elsevier
ProductGroup: Book
Binding: Digital
ASIN: B000RQYK44

Book Description

This digital document is a journal article from Economics Letters, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
Network effects can reduce consumption levels across customers when a monopolist chooses optimal nonlinear pricing. The direction and extent of these distortions depend on the relative rates of variation in marginal intrinsic value and marginal network value with customer type.

Nonlinear pricing schemes for agricultural cooperatives.: An article from: American Journal of Agricultural Economics

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Nonlinear pricing schemes for agricultural cooperatives.: An article from: American Journal of Agricultural Economics
James Vercammen , Murray Fulton , and Charles Hyde
Manufacturer: American Agricultural Economics Association
ProductGroup: Book
Binding: Digital
ASIN: B00096P68Q
Release Date: 2005-07-28

Book Description

This digital document is an article from American Journal of Agricultural Economics, published by American Agricultural Economics Association on August 1, 1996. The length of the article is 8388 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: Key words: agricultural cooperatives, asymmetric information, membership fees, nonlinear pricing.

Citation Details
Title: Nonlinear pricing schemes for agricultural cooperatives.
Author: James Vercammen
Publication: American Journal of Agricultural Economics (Refereed)
Date: August 1, 1996
Publisher: American Agricultural Economics Association
Volume: v78 Issue: n3 Page: p572(13)

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