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A Portfolio of Nobel Laureates: Markowitz, Miller and Sharpe
- Source :
- Journal of Economic Perspectives. 7:159-169
- Publication Year :
- 1993
- Publisher :
- American Economic Association, 1993.
-
Abstract
- Three pioneers of quantitative finance have now been justly honored: Harry Markowitz, Merton Miller, and William Sharpe received the Nobel Prize in Economic Science in 1990. From today's perspective it is hard to understand what finance was like before portfolio theory. Here I attempt to provide a very brief history of the quantitative revolution in finance, drawing upon P. Bernstein's Capital Ideas (1992) and accounts of the three Nobel laureates.
- Subjects :
- Economics and Econometrics
biology
jel:B31
Mechanical Engineering
Mathematical finance
Miller
Energy Engineering and Power Technology
Management Science and Operations Research
Neoclassical economics
biology.organism_classification
Economic science
Capital (economics)
Economics
Portfolio
Classical economics
Quantitative revolution
Modern portfolio theory
Subjects
Details
- ISSN :
- 08953309
- Volume :
- 7
- Database :
- OpenAIRE
- Journal :
- Journal of Economic Perspectives
- Accession number :
- edsair.doi.dedup.....28e17b7c29acc5d0c6305217cd9ef885