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The Fantastic World of Finance: Progress and the Free Lunch

Published online by Cambridge University Press:  06 April 2009

Nils H. Hakansson
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Extract

I'd like to begin by thanking the Western Finance Association for the lunch I just consumed …

It is only fair that I inform you at the outset that the views you are about to hear can only be described as biased. They are biased because I'll be limiting my remarks to those parts of finance that I think I know something about; secondly, my comments will contain a disproportionate reflection of my own work. The more generous among you might argue that this puts me in good company. A better explanation would recognize that I am really in a monopoly position for the next half hour or so: there are no contemporaneous sessions within commuting distance, your lunch was paid in advance and is not refundable, and for some of you at least there is a certain cost associated with getting up and leaving in full view of the organizers.

Type
II. Distinguished Speaker
Information
Journal of Financial and Quantitative Analysis , Volume 14 , Issue 4 , November 1979 , pp. 717 - 734
Copyright
Copyright © School of Business Administration, University of Washington 1979

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