Zvi Bodie

Zvi Bodie (* 1943) is an economist at Boston University .

Bodie, together with William F. Samuelson (son of Paul Samuelson ) and Robert C. Merton, solved the modern consumer-investment problem for portfolio selection involving the labor supply: Younger investors can only take more risk because they have more opportunities to do it to compensate for longer and / or more intensive work. He denies the claim that stocks become less risky the longer the investment horizon is, using arguments drawn from option price theory.

Bodie criticizes what he calls the “Markowitz paradigm” of risk-return optimization (see also CAPM ) and advocates the “Merton paradigm” as an alternative.

Bodie advocates a conservative investment style, criticizes the use of risky investments in state and company pensions, describes the tendency of the financial industry to sell its risks to consumers via financial products as a fraud and sympathizes with the idea of narrow banking as a way of avoiding banking crises.

Together with Alex Kane and Alan J. Marcus , he wrote the textbook Investments .

literature

Zvi Bodie, Alex Kane, Alan J. Marcus: Investments , McGraw-Hill, 2008, 8th edition, International Edition, ISBN 978-0-07-127828-7 .

swell

↑ http://web.mit.edu/newsoffice/2010/samuelson-memorial-0412.html

↑ Bodie, Samuelson, Merton: Labor Supply Flexibility and Portfolio Choice in a Life-Cycle Model. J Econ Dyn Cont 16: 427-449 (1992)

↑ Bodie, Zvi. On The Risk of Stocks in the Long Run . SSRN Scholarly Paper. Rochester, NY: Social Science Research Network, December 1, 1994.

↑ Bodie, Zvi. " Life-Cycle Finance in Theory and in Practice ". SSRN eLibrary (April 2002).

↑ Bodie, Zvi, Jonathan Treussard, and Paul Willen. The Theory of Life-Cycle Saving and Investing . Public Policy Discussion Paper. Accessed November 4, 2012.

↑ Bodie, Zvi, Doriana Ruffino, and Jonathan Treussard. Contingent Claims Analysis and Life-Cycle Finance . SSRN Scholarly Paper. Rochester, NY: Social Science Research Network, December 27, 2007.

^ Worry-Free Investing

↑ Bodie, Zvi. Retirement Investing: A New Approach . SSRN Scholarly Paper. Rochester, NY: Social Science Research Network, February 1, 2001.

↑ Is Your Pension Safe? States Struggle With Pricey Challenges . PBS Newshour , June 22, 2011

^ Zvi Bodie: Shortfall Risk and Pension Fund Asset Management . Financial Analysts Journal Vol. 47, No. 3 (May-Jun., 1991), CFA Institute, pp. 57-61.

↑ Lee, Shelley A. “ Zvi Bodie on Financial Planners and 'First, Do No Harm' ( Memento of the original from February 7, 2014 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF; 3.3 MB). " Journal of Financial Planning 23, no. 6 (February 2010): 16-19. @1@ 2

Web links

personal data
SURNAME	Bodie, Zvi
BRIEF DESCRIPTION	American economist and university professor
DATE OF BIRTH	1943

[1] ttp://web.mit.edu/newsoffice/2010/samuelson-memorial-0412.html

[2] Bodie, Samuelson, Merton: Labor Supply Flexibility and Portfolio Choice in a Life-Cycle Model. J Econ Dyn Cont 16: 427-449 (1992)

[3] Bodie, Zvi. On The Risk of Stocks in the Long Run . SSRN Scholarly Paper. Rochester, NY: Social Science Research Network, December 1, 1994.

[4] Bodie, Zvi. " Life-Cycle Finance in Theory and in Practice ". SSRN eLibrary (April 2002).

[5] Bodie, Zvi, Jonathan Treussard, and Paul Willen. The Theory of Life-Cycle Saving and Investing . Public Policy Discussion Paper. Accessed November 4, 2012.

[6] Bodie, Zvi, Doriana Ruffino, and Jonathan Treussard. Contingent Claims Analysis and Life-Cycle Finance . SSRN Scholarly Paper. Rochester, NY: Social Science Research Network, December 27, 2007.

[7] Worry-Free Investing

[8] Bodie, Zvi. Retirement Investing: A New Approach . SSRN Scholarly Paper. Rochester, NY: Social Science Research Network, February 1, 2001.

[9] Is Your Pension Safe? States Struggle With Pricey Challenges . PBS Newshour , June 22, 2011

[10] Zvi Bodie: Shortfall Risk and Pension Fund Asset Management . Financial Analysts Journal Vol. 47, No. 3 (May-Jun., 1991), CFA Institute, pp. 57-61.