* Considers neoclassical models in light of results that can go wrong with them to bring about better models.
* Questions the assumption that markets clear quickly.
* Offers a timely examination of the LTCM collapse.
* Written by a group of well-respected and highly qualified authors.
Models For Investors in Real World Markets
This book is extremely timely, as recent events have contributed to making the markets more and more unstable. It provides a methodology for seeing the probability that stocks will go up or down in a given time, giving investors the ability to choose investments based on those probabilities.
