Burton Gordon Malkiel

Richard E. Quandt

Strategies and Rational Decisions in the Securities Options Market

Peter Asch

A day at the races, with its colorful variety and fact-paced action, appeals to people from all walks of life. Not surprisingly, the idea of going home with a few more dollars than when one arrived is part of horseracing's charm. In this entertaining but substantive volume, two distinguished economists, who happen to be horseracing buffs, outline a tested strategy for placing bets that will increase the reader's chances of a happy outcome at the track. The authors are the first to point out that getting rich at the racetrack is unlikely. They do maintain, however, that with attention to their systematic approach, the racing fan can achieve the best possible chance at winning. In the process, the reader learns some of the most important measurement techniques in the social sciences, as well as the basic methods of market analysis.

The Professors' Guide to Strategies

Racetrack Betting

Professor Richard Quandt has made a major contribution to the development of economics in the 20th century. The range and significance of his work has long required a collection of his essays which will allow his contribution to be assessed as a whole. Despite an early interest in microeconomic theory, Richard Quandt has devoted most of his career to econometrics and, in particular, modal split estimation. More recently his work has focused on the econometrics of disequilibrium models with reference to both free market and planned economies. As well as outlining his many articles in microtheory, general econometrics, disequilibrium modeling, financial economics and the economics of planned economies, this collection should have a particular value for all scholars interested in the emergence of the new economies in Eastern Europe, a subject to which Professor Quandt has applied himself in recent years. This book includes an introduction by Professor Quandt describing his early life in Budapest and the circumstances which led him to study economics in America.

The Collected Essays of Richard E. Quandt

"Not only is this a very serious book on a topic of broad interest, but, even better, it is quite readable." Management Accounting

The Professor's Guide to Strategies

This book shows how philanthropy can be a primary force in the transfer of technology in transitional societies. It demonstrates the necessity of retraining of people and how this endeavor is as important as the technology itself. It is essentially about Hungary, Poland, Czech Republic, Slovakia, Latvia, Estonia, with somewhat smaller emphases on Russia, Romania and South Africa. It chronicles, explains, and analyzes western assistance efforts in Eastern Europe between 1989 and 2000 in the context of the political and economic events of the period, with particular emphasis on the activities of The Andrew W. Mellon Foundation. Factors that made transfers more or less successful and the role of social institutions and human factors will be highlighted. Significant illustrations include the creation of a small enterprise sectors, MBA programs, economic programs, and new markets and financial institutions. The material provides the reader with a clear understanding of how institutions for economic education emerged in Central and Eastern Europe, what role of US foundations and academic institutions played, and what the interplay with local personalities involved.

Richard E. Quandt

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