Written in honor of Emeritus Professor Georges Prat (University of Paris Nanterre, France), this book includes contributions from eminent authors on a range of

This book shows how current and recent market prices convey information about the probability distributions that govern future prices. Moving beyond purely theo

Standard neoclassical models in finance assume that individuals form expectations and make decisions using all available information. While these theories dicta

Eric Barthalon applies the neglected theory of psychological time and memory decay of Nobel Prize–winning economist Maurice Allais (1911–2010) to model inve

This introduction to general equilibrium modelling takes an integrated approach to the analysis of macroeconomics and finance. It provides students, practitione