theory of finance
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Professor Blight begins his lecture with a description of the sea change in Civil War scholarship heralded by the Social History revolution of the 1960s and 1970s. Along with a focus on the experience of the common solider, women, and African Americans, a central component of this shift in scholarly emphasis was an increased interest in the effects of the war on the Union and Confederate home fronts. After suggesting some of the ways in wh...more
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Hoffman believes that out of three kinds of investment strategies, sure bets, low-risk management and high risk investments, entrepreneurship is the third kind. This style of investment is called accurate contrarian theories where raising sufficient money might help in mitigating risks, but does not ensure success.
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This is the first of a series of lectures on relativity. The lecture begins with a historical overview and goes into problems that aim to describe a single event as seen by two independent observers. Maxwell's theory, as well as the Galilean and Lorentz transformations are also discussed.
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In the first half of the lecture, we consider the chain-store paradox. We discuss how to build the idea of reputation into game theory; in particular, in setting like this where a threat or promise would otherwise not be credible. The key idea is that players may not be completely certain about other players' payoffs or even their rationality. In the second half of the lecture, we stage a duel, a game of pre-emption. The key strategic ques...more
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We introduce Game Theory by playing a game. We organize the game into players, their strategies, and their goals or payoffs; and we learn that we should decide what our goals are before we make choices. With some plausible payoffs, our game is a prisoners' dilemma. We learn that we should never choose a dominated strategy; but that rational play by rational players can lead to bad outcomes. We discuss some prisoners' dilemmas in the real w...more
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This lecture introduces students to two broad theories of how the mind relates to the body. Dualism is the ubiquitous and intuitive feeling that our conscious mind is separate from our physical bodies, whereas Materialism is the idea that all of our mental states are caused by physical states of the brain. This lecture reviews arguments explaining why materialism has become the predominant theory of mind in psychology. This discussion is f...more
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Two more views regarding the metaphysical key to personal identity are discussed: the body view and the personality view. According to the body view, an individual is identified in terms of his or her physical body. According to the personality view, an individual is identified by his or her unique set of beliefs, desires, memories, goals, and so on.
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Professor Bloom opens with a brief discussion of the value and evolutionary basis of unconscious processing. The rest of this lecture introduces students to the theory of Behaviorism, particularly the work of prominent behaviorist, B. F. Skinner. Different types of learning are discussed in detail, as well as reasons why behaviorism has been largely displaced as an adequate theory of human mental life.
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This course is an introduction to game theory and strategic thinking. Ideas such as dominance, backward induction, Nash equilibrium, evolutionary stability, commitment, credibility, asymmetric information, adverse selection, and signaling are discussed and applied to games played in class and to examples drawn from economics, politics, the movies, and elsewhere.
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Part 1 - A Lesson in Lying: Immanuel Kant believed that telling a lie, even a white lie, is a violation of one’s own dignity. Professor Sandel asks students to test Kant’s theory with this hypothetical case: if your friend were hiding inside your home, and a person intent on killing your friend came to your door and asked you where he was, would it be wrong to tell a lie? This leads to a video clip of one of the most famous, recent exampl...more
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Note: This course is being offered this summer by Stanford as an online course for credit. It can be taken individually, or as part of a master’s degree or graduate certificate earned online through the Stanford Center for Professional Development. The goals for the course are to gain a facility with using the Fourier transform, both specific techniques and general principles, and learning to recognize when, why, and how it is used. To...more
