- Subject index
Providing cutting-edge perspectives and real-world insights into the greater utility of probability and its applications, the Handbook of Probability offers an equal balance of theory and direct applications in a non-technical, yet comprehensive, format.
1 History of Probability Theory
22 Investment Portfolios and Stock Pricing
Investment is the process of the deferral of current consumption for expected greater future consumption. To achieve increased wealth and higher levels of future consumption, investors construct and manage baskets, or portfolios, of assets the ultimate realized value of which is ...