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Wednesday, 4 May 2011
Asset Pricing Theory
Author: Costis Skiadas Edition: Publisher: Princeton University Press Binding: Hardcover ISBN: 0691139857 Price: You Save: 26%
Asset Pricing Theory (Princeton Series in Finance)
Asset Pricing Theory is an advanced textbook for doctoral students and researchers that offers a modern introduction to the theoretical and methodological foundations of competitive asset pricing.Asset Pricing Theory review. Read full reviews of Asset Pricing Theory Ebook.
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This is a thoroughly updated edition of Dynamic Asset Pricing Theory, the standard text for doctoral students and researchers on the theory of asset pricing and portfolio selection in multiperiod settings under uncertainty. The asset pricing results are based on the three increasingly restrictive assumptions: absence of arbitrage, single-agent optimality, and equilibrium. These results are unified with two key concepts, state prices and martingales. Technicalities are given relatively little emp
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"Asset Pricing Theory is an advanced textbook for doctoral students and researchers that offers a modern introduction to the theoretical and methodological foundations of competitive asset pricing." "Costis Skiadas develops in depth the fundamentals of arbitrage pricing, mean-variance analysis, equilibrium pricing, and optimal consumption/portfolio choice in discrete settings, but with emphasis on geometric and martingale methods that facilitate an effortless transition to the more advanced continuous-time theory." "Asset Pricing Theory is complete with extensive exercises at the end of every
author darrell duffie format hardback language english publication year 01 10 2001 series princeton series in finance subject management business economics industry subject 2 finance accounting economics general aas all our items our feedback faqs about us contact us item description dynamic asset pricing theory third edition princeton series in finance ean 978 0691090221 isbn 10 0 69109022 x ref btr 069109022 x title dynamic asset pricing theory third edition princeton series in finance author
Costis Skiadas develops in depth the fundamentals of arbitrage pricing, mean-variance analysis, equilibrium pricing, and optimal consumption/portfolio choice in discrete settings, but with emphasis on geometric and martingale methods that facilitate an effortless transition to the more advanced continuous-time theory.
Among the book's many innovations are its use of recursive utility as the benchmark representation of dynamic preferences, and an associated theory of equilibrium pricing and optimal portfolio choice that goes beyond the existing literature.
Asset Pricing Theory is complete with extensive exercises at the end of every chapter and comprehensive mathematical appendixes, making this book a self-contained resource for graduate students and academic researchers, as well as mathematically sophisticated practitioners seeking a deeper understanding of concepts and methods on which practical models are built.
Covers in depth the modern theoretical foundations of competitive asset pricing and consumption/portfolio choice
Uses recursive utility as the benchmark preference representation in dynamic settings
Sets the foundations for advanced modeling using geometric arguments and martingale methodology
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