Modern Investments: Theory, Data, and Practice


Kerry Back, Barbara Bennett, Kevin Crotty, and Yuhang Xing


January 1, 2023


This is a draft of a piece of a planned book about investments. An innovative feature of the book is that it explains how to perform the calculations, data analysis, and simulations in python. The last section of each chapter is devoted to python implementation of the concepts developed in the chapter. The code is available here: .

This is one part of a twofold effort to enhance investments education. The other piece is an interactive website that derives figures and tables from live data and user inputs to illustrate investments concepts. Much of the functionality of that website will be incorporated into this book.