MacLean (emeritus, Dalhousie U., Canada) and Ziemba (emeritus, U. of British Columbia, Canada) have selected key papers in financial decision making in an effort to provide a comprehensive
picture of the fundamental components and methods of the field. The papers are presented in two volumes. The first, ＂Decision Making Under Uncertainty,＂ collects 27 reprints of seminal papers
on the foundations of financial decision making, organized into sections on arbitrage and asset pricing, utility theory, stochastic dominance, and risk aversion and static portfolio theory. The
second volume, ＂From Decision Making to Measurement and Dynamic Modeling,＂ presents 13 papers (seven original to this publication) that explore aspects of decision models, with the emphasis
placed on models which optimize capital growth. The papers in the second volume are organized into a section on risk measures and a section on dynamic portfolio theory and asset allocation.
Annotation ©2013 Book News, Inc., Portland, OR (booknews.com)
