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Foundations for financial economics

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3,5(8)Ohodnotiť

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Počet strán
364 stránok
Čas čítania
13 hodin

Viac o knihe

Based on formal derivations of financial theory, this volume provides a rigorous exploration of individual's consumption and portfolio decisions under uncertainty. Features in-depth coverage of such topics as: concepts of risk aversion and stochastic dominance; mathematical properties of a portfolio frontier; distributional conditions for mutual fund separation; capital asset pricing models and arbitrage pricing models; general pricing rules for securities that pay off in more than one state of nature; the pricing of options; rational expectation models of risky asset prices; signaling models; how multiperiod dynamic economies can be modeled; a multiperiod economy with emphasis on valuation by arbitrage; econometric issues associated with testing capital asset pricing models. For readers interested in a rigorous overview of financial economicsn individual consumption point of view. …• 1988

Nákup knihy

Foundations for financial economics, Chi fu Huang, Robert H. Litzenberger

Jazyk
Rok vydania
1998
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3,5
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