By Kerry E. Back
The first elements of the booklet clarify portfolio selection and asset pricing conception in single-period, discrete-time, and continuous-time types. For valuation, the point of interest all through is on stochastic components and their houses. a bit on by-product securities covers the standard derivatives (options, forwards and futures, and time period constitution versions) and likewise functions of perpetual thoughts to company debt, actual techniques, and optimum irreversible funding. A bankruptcy on "explaining puzzles" and the final a part of the e-book offer introductions to a few extra present themes in asset pricing examine, together with infrequent mess ups, long-run dangers, exterior and inner behavior, uneven and incomplete info, heterogeneous ideals, and non-expected-utility personal tastes. every one bankruptcy encompasses a "Notes and References" part delivering extra pathways to the literature. each one bankruptcy additionally comprises broad exercises.
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Additional info for Asset Pricing and Portfolio Choice Theory (Financial Management Association Survey and Synthesis Series)
Asset Pricing and Portfolio Choice Theory (Financial Management Association Survey and Synthesis Series) by Kerry E. Back