He has, among other areas, carried out work in general relativity, cosmology, twistor theory, quantum mechanics, statistical mechanics, and in various aspects of mathematical finance, including the theory of interest rate derivatives and the theory of information-based asset pricing.
22.
Because there are models of Zermelo Fraenkel set theory of interest to set theorists that satisfy the axiom of dependent choice but not the full axiom of choice, the knowledge that a particular proof only requires dependent choice can be useful.
23.
One interpretation of the theoretical risk-free rate is aligned to Irving Fisher's concept of inflationary expectations, described in his treatise " The Theory of Interest " ( 1930 ), which is based on the theoretical costs and benefits of holding currency.
24.
He was further noted for producing a theory of interest and of profit in equilibrium based upon the interaction of diminishing marginal utility with diminishing marginal productivity of time and with time preference . and, with modifications including formal disregard for time-preference, by Wicksell's American rival Irving Fisher .)
25.
The theorem has its " clearest and most famous exposition " in the " Theory of Interest " ( 1930 ); particularly in the " second approximation to the theory of interest " ( [ http : / / www . econlib . org / library / YPDBooks / Fisher / fshToI6 . html # firstpage-bar II : VI ).
26.
The theorem has its " clearest and most famous exposition " in the " Theory of Interest " ( 1930 ); particularly in the " second approximation to the theory of interest " ( [ http : / / www . econlib . org / library / YPDBooks / Fisher / fshToI6 . html # firstpage-bar II : VI ).
27.
He was further noted for producing a theory of interest and of profit in equilibrium based upon the interaction of diminishing marginal utility with diminishing marginal productivity of time and with time preference . ( This theory was adopted in full and then further developed by Knut Wicksell and, with modifications including formal disregard for time-preference, by Wicksell's American rival Irving Fisher .)
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