Can future systemic financial risks be quantified? Ergodic vs nonergodic stochastic processes (Record no. 31078)
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| 000 -LEADER | |
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| 001 - CONTROL NUMBER | |
| control field | 9112516061637 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190211165943.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 091125s2009 bl ||||gr |0|| 0 eng d |
| 999 ## - SYSTEM CONTROL NUMBERS (KOHA) | |
| Koha Dewey Subclass [OBSOLETE] | PHL2MARC21 1.1 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | eng |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | DAVIDSON, Paul |
| 9 (RLIN) | 14941 |
| 245 10 - TITLE STATEMENT | |
| Title | Can future systemic financial risks be quantified? Ergodic vs nonergodic stochastic processes |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Place of publication, distribution, etc. | São Paulo : |
| Name of publisher, distributor, etc. | Editora 34, |
| Date of publication, distribution, etc. | out./dez. 2009 |
| 520 3# - SUMMARY, ETC. | |
| Summary, etc. | Different axioms underlie efficient market theory and Keyness liquidity preference theory. Efficient market theory assumes the ergodic axiom. Consequently, todays decision makers can calculate with actuarial precision the future value of all possible outcomes resulting from todays decisions. Since in an efficient market world decision makers know their intertemporal budget constraints, decision makers never default on a loan, i.e., systemic defaults, insolvencies, and bankruptcies are impossible. Keynes liquidity preference theory rejects the ergodic axiom. The future is ontologically uncertain. Accordingly systemic defaults and insolvencies can occur but can never be predicted in advance. |
| 590 ## - LOCAL NOTE (RLIN) | |
| Local note | v. 29, n. 4(116) |
| 773 08 - HOST ITEM ENTRY | |
| Title | Revista de Economia Política = Brazilian Journal of Political Economy |
| Related parts | 29, 4, p. 324-340 |
| Place, publisher, and date of publication | São Paulo : Editora 34, out./dez. 2009 |
| International Standard Serial Number | ISSN 01013157 |
| Record control number | |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Periódico |
| 998 ## - LOCAL CONTROL INFORMATION (RLIN) | |
| -- | 20091125 |
| Operator's initials, OID (RLIN) | 1606^b |
| Cataloger's initials, CIN (RLIN) | Daiane |
| 998 ## - LOCAL CONTROL INFORMATION (RLIN) | |
| -- | 20140306 |
| Operator's initials, OID (RLIN) | 1021^b |
| Cataloger's initials, CIN (RLIN) | karina |
No items available.
