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We presents an interactive and dynamic friendly environment allowing readers to learn through hands-on experience. The book can only be read with the MAPLE software. We have chosen MAPLE because of its symbolic computation ability as well as its visualization capability and the structure of its files that allows embedding commands within the text. This e-book is a series of MAPLE worksheets connected by hyperlinks and a table of contents which has links to each worksheet. It presents an Interactive Dynamic Environment for Advanced Learning (IDEAL) which is supported by a collection of procedures - a MAPLE package. A reader who follows the book on-screen, will find the commands are already typed in the appropriate files. The reader should merely re-execute the printed commands while reading. The technology allows readers to learn through immediate application of theory and concepts. Readers can use the prepared MAPLE files, follow the text on-screen, and explore different numerical examples with no prior programming knowledge. In fact, readers can keep generating their own examples, verifying and investigating different situations not addressed in the book. Learning is enhanced by altering the parameters of the commands, varying them at will, in order to experiment with applications of the concepts and different (reader-generated) examples, in addition to the ones already in the prepared file. It is this interaction and experimentation, making use of MAPLE together with the ability to bring to life on the screen the theoretical material of the chapter, which provides a unique, powerful, and entertaining way to learn about Portfolio Management.

Stream: Learning Technologies: What They Do and How They Work

Paper: A paper has not yet been submitted.

Eliezer Z. Prisman is holding the Nigel Martin Chair in Finance at York University, Toronto Canada. He has received a BA in Economics and Statistics from the Hebrew University of Jerusalem, an MSc and DSc in Operations Research from the Technion Institute of Technology, Israel. Professor Prisman has held positions as Assistant Professor of Management Science at Georgia Institute of Technology and Assistant Professor of Finance at Arizona State University and Senior Lecturer in Economics at Bar Ilan University. His research area includes optimization and it’s use in Finance and Financial Engineering, arbitrage pricing in markets with taxes and transaction costs, financial innovation and the use of symbolic and numeric computations in financial engineering for commercial, mathematical and academic purposes. Professor Prisman has published numerous papers in journals such as The Journal of Economic Theory, Mathematical Programming, Journal of Financial and Quantitative Analysis, The Journal of Finance, Journal of Banking and Finance and Management Science and a book "Pricing Derivative Securities: An Interactive, Dynamic Environment with Maple V and Matlab", Academic Press, Januarys 2001. RESEARCH INTEREST: Methodological and commercial use of symbolic computation for financial models; investment; Market imperfection, tax effects in the derivative and fixed income markets; arbitrage models; fixed income securities term structure estimation and immunization.