1st Edition

Arbitrage and Rational Choice



  • Available for pre-order. Item will ship after July 1, 2021
ISBN 9781439802243
July 1, 2021 Forthcoming by Chapman and Hall/CRC
500 Pages 50 B/W Illustrations

USD $89.95

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Book Description

Adapted from the author’s course notes, this book provides a technically rigorous and unified perspective on rational choice theory from the viewpoint that the most basic and universal axiom of rationality is the principle of no-arbitrage. The book goes on to demonstrate that the principle of no-arbitrage remains applicable and useful in situations where many of the usual axioms do not apply and dramatizes the assumptions implicit in rational choice models. It provides an accessible though unabashedly idiosyncratic tour of the broad field.