The Random Character of Stocks Edited by Paul H. Cootner

The Random Character of Stocks
Edited by Paul H. Cootner

Book Description: The M.I.T. Press, Cambridge, MA, 1964. Hardcover. Book Condition: Good. Dust Jacket Condition: Fair. 1st Edition. 8vo - over 7¾ - 9¾" tall. Hardcover, Gray cloth boards with black title to spine, First Edition, 1964. Book Condition: Fair, black stains to bottom board edges and spine extereme (see photo), stains to edges, internally the book would be rated "very good" - no marks to end papers and pages are clean and bright, no marks to pages, spine straight, binding tight. Dust Jacket Condition: Good, some soil and staining to covers, edges worn with some tears up to 1/2", price clipped.

Contents: PART I. ORIGINS AND JUSTIFICATION OF THE RANDOM WALK THEORY, Introduction by Cootner, 1. Stock Market "Patterns" and Financial Analysis: Methodological Suggestions by Harry V. Roberts, 2. Theory of Speculation by Louis Bachelier, PART II. REFINEMENT AND EMPIRICAL TESTING, Introduction by Cootner, 3. The Analysis of Economic Time-Series--Part I: Prices by M.G. Kendall, 4. Brownian Motion in the Stock Market by M.F.M. Osborne, 5. Note on the Correlation of First Differences of Averages in a Random Chain by Holbrook Working, 6. A Revision of Previous Conclusions Regarding Stock Price Behavior by Alfred Cowles, 7. Some Characteristics of Changes in Common Stock Prices by Arnold B. Moore, 8. Spectral Analysis of New York Market Prices by C.W.J. Granger and O. Morgenstern, PART III. THE RANDOM WALK HYPOTHESIS REEXAMINED, Introduction by Cootner, 9. Price Movements in Speculative Markets: Trends of Random Walks by Sidney S. Alexander, 10. Measurement of a Random Process in Futures Prices by Arnold B. Larson, 11. Stock Prices: Random vs. Systematic Changes by Paul H. Cootner, 12. A Test of Nonrandomness in Stock Price Changes by William Steiger, 13. Periodic Structure in the Brownian Motion of Stock Prices by M.F.M. Osborne, 14. Mandelbrot and the Stable Paretian Hypothesis by Eugene F. Fama, 15. The Variation of Certain Speculative Prices by Benoit Mandelbrot - Comments on the Variation of Certain Speculative Prices by Paul H. Cootner, 16. Price Movement in Speculative Markets: Trends or Random Walks, No. 2 by Sidney S. Alexander, PART IV: THE STATISTICAL ANALYSIS OF OPTION PRICES, Introduction by Cootner, 17. Introduction to the Option Contract, 18. Profit Returns from Purchasing Puts and Calls by Richard J. Kruizenga, 19. Warrant Prices as Indicators of Expectations and Preferences by Case M. Sprenkle, 20. Some Evidence on the Profitability of Trading in Put and Call Options by A. James Boness, 21. Risk Aversion in the Warrant Markets by Herbert F. Ayres, References -- includes numerous tables, equations and illustrations. 510 pages, First Edition with dust jacket. Collectible.

Status: SOLD, 10 May 2012 to Private Collector in London.