Financial Theory (Yale)

• 1. Why Finance? (Yale)
• 2. Utilities, Endowments, and Equilibrium (Yale)
• 3. Computing Equilibrium (Yale)
• 4. Efficiency, Assets, and Time (Yale)
• 5. Present Value Prices and the Real Rate of Interest (Yale)
• 6. Irving Fisher's Impatience Theory of Interest (Yale)
• 7. Shakespeare's Merchant of Venice and Collateral, Present Value and the Vocabulary of Finance (Yale)
• 8. How a Long-Lived Institution Figures an Annual Budget. Yield (Yale)
• 9. Yield Curve Arbitrage (Yale)
• 11. Social Security (Yale)
• 12. Overlapping Generations Models of the Economy (Yale)
• 13. Demography and Asset Pricing: Will the Stock Market Decline when the Baby Boomers Retire? (Yale)
• 14. Quantifying Uncertainty and Risk (Yale)
• 15. Uncertainty and the Rational Expectations Hypothesis (Yale)
• 16. Backward Induction and Optimal Stopping Times (Yale)
• 17. Callable Bonds and the Mortgage Prepayment Option (Yale)
• 18. Modeling Mortgage Prepayments and Valuing Mortgages (Yale)
• 19. History of the Mortgage Market: A Personal Narrative (Yale)
• 20. Dynamic Hedging (Yale)
• 21. Dynamic Hedging and Average Life (Yale)
• 22. Risk Aversion and the Capital Asset Pricing Theorem (Yale)
• 23. The Mutual Fund Theorem and Covariance Pricing Theorems (Yale)
• 24. Risk, Return, and Social Security (Yale)
• 25. The Leverage Cycle and the Subprime Mortgage Crisis (Yale)
• 26. The Leverage Cycle and Crashes (Yale)