MAURICE ALLAIS
French economist and first French citizen to receive Nobel Prize in Economics award in 1988 for his research on market equilibrium and efficiency, as well as his contribution on understanding market behavior and effective use of resources. Born in 1911, he was awarded the Gold Medal of the National Center for Scientific Research, a prestigious award in France. Also, he developed methods that state-owned monopolies could utilize in setting prices, and discovered and resolved Allais paradox that explains public’s risk management behavior.
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Housing Bubble
A run-up in housing prices fueled by demand, speculation and the belief that recent history is an infallible forecast of the future. Housing bubble ...
Low Exercise Price Option - LEPO
A call option for investors that has a price of 1 cent with an agreement to buy 1000 shares. This cannot be executed until its expiry. It works lik ...
Callable Security
A security with an enclosed call provision that gives the person who issues to redeem or repurchase the security by a particular period. Since the ...
Shadowing
Shadowing is the creation of values for variables that are not dependent strictly to market value. This means that these variable have market value ...
Pass-Through Rate
Pass-through rate is the net
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Principles of Trading: Leverage and Margin
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The Concepts of Economics: Scarcity
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