William T Ziemba
Biographic Data
| ID | 1267162 |
|---|---|
| NAME | William T Ziemba |
| GIVEN NAMES | William T |
| FAMILY NAME | Ziemba |
| SIGNATURE | ZIEMBA W T |
| AFFILIATIONS | University of British Columbia |
| VERIFIED | No |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 23 |
| AUTHOR COUNT | 5 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1988 |
| LATEST PUBLICATION YEAR | 2013 |
| H-INDEX | 2 |
Handbook of the Fundamentals of Financial Decision Making: In 2 Parts
This handbook in two parts covers key topics of the theory of financial decision making. Some of the papers discuss real applications or case studies as well. There are a number of new papers that have never been published before especially in Part II.
The Kelly Criterion with Games of Chance
An important betting strategy in games of chance is the Kelly strategy, through which the expected logarithm of final wealth is maximized. In this chapter, the Kelly strategy and its associated fractional strategies are discussed. The advantages and disadvantages of such a strategy are described, in general, and in particular, with application to a variety of games: blackjack, horseracing, lotto, and anomalies in the index futures markets. The co…
Handbook of the Fundamentals of Financial Decision Making (in 2 Parts)
Land and Stock Prices in Japan
This paper discusses the rise of Japanese stock and land prices in the past four decades and their dramatic decline in the early 1990s. To what extent can fundamental factors explain both the price levels and the returns from land and stock in Japan? Are land prices driving stock prices, or the other way around, or are still other factors affecting both? How has government policy interacted with the price changes? In practice, it is very difficul…
Anomalies: Parimutuel Betting Markets: Racetracks and Lotteries
Economists have given great attention to stock markets in their efforts to test the concepts of market efficiency and rationality. Yet wagering markets are, in one key respect, better suited for testing market efficiency and rationality. The advantage of wagering markets is that each asset (bet) has a well-defined termination point at which its value becomes certain. The absence of this property is one of the factors that has made it so difficult…
Anomalies: Parimutuel Betting Markets: Racetracks and Lotteries
Economists have given great attention to stock markets in their efforts to test the concepts of market efficiency and rationality. Yet wagering markets are, in one key respect, better suited for testing market efficiency and rationality. The advantage of wagering markets is that each asset (bet) has a well-defined termination point at which its value becomes certain. The absence of this property is one of the factors that has made it so difficult…
Land and Stock Prices in Japan
This paper discusses the rise of Japanese stock and land prices in the past four decades and their dramatic decline in the early 1990s. To what extent can fundamental factors explain both the price levels and the returns from land and stock in Japan? Are land prices driving stock prices, or the other way around, or are still other factors affecting both? How has government policy interacted with the price changes? In practice, it is very difficul…
Anomalies: Parimutuel Betting Markets: Racetracks and Lotteries
Economists have given great attention to stock markets in their efforts to test the concepts of market efficiency and rationality. Yet wagering markets are, in one key respect, better suited for testing market efficiency and rationality. The advantage of wagering markets is that each asset (bet) has a well-defined termination point at which its value becomes certain. The absence of this property is one of the factors that has made it so difficult…
Land and Stock Prices in Japan
This paper discusses the rise of Japanese stock and land prices in the past four decades and their dramatic decline in the early 1990s. To what extent can fundamental factors explain both the price levels and the returns from land and stock in Japan? Are land prices driving stock prices, or the other way around, or are still other factors affecting both? How has government policy interacted with the price changes? In practice, it is very difficul…
Handbook of the Fundamentals of Financial Decision Making: In 2 Parts
This handbook in two parts covers key topics of the theory of financial decision making. Some of the papers discuss real applications or case studies as well. There are a number of new papers that have never been published before especially in Part II.
The Kelly Criterion with Games of Chance
An important betting strategy in games of chance is the Kelly strategy, through which the expected logarithm of final wealth is maximized. In this chapter, the Kelly strategy and its associated fractional strategies are discussed. The advantages and disadvantages of such a strategy are described, in general, and in particular, with application to a variety of games: blackjack, horseracing, lotto, and anomalies in the index futures markets. The co…
Handbook of the Fundamentals of Financial Decision Making (in 2 Parts)
Economics (4 works) · Financial economics (3 works) · Computer Science (2 works) · Consumer Market Behavior and Pricing (2 works) · Financial Markets and Investment Strategies (2 works) · Stock market (2 works) · Actuarial science (1 works) · Agricultural economics (1 works) · Artificial Intelligence (1 works) · Business (1 works)