Asset Pricing and Portfolio Choice Theory is popular PDF and ePub book, written by Kerry Back in 2010, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Asset Pricing and Portfolio Choice Theory can be Read Online from any device for your convenience.
Asset Pricing and Portfolio Choice Theory Book PDF Summary
This book is intended as a textbook for Ph.D. students in finance and as a reference book for academics. It is written at an introductory level but includes detailed proofs and calculations as section appendices. It covers the classical results on single-period, discrete-time, and continuous-time models. It also treats various proposed explanations for the equity premium and risk-free rate puzzles: persistent heterogeneous idiosyncratic risks, internal habits, external habits, and recursive utility. Most of the book assumes rational behavior, but two topics important for behavioral finance are covered: heterogeneous beliefs and non-expected-utility preferences. There are also chapters on asymmetric information and production models. The book includes numerous exercises designed to provide practice with the concepts and also to introduce additional results. Each chapter concludes with a notes and references section that supplies references to additional developments in the field.
Detail Book of Asset Pricing and Portfolio Choice Theory PDF
- Author : Kerry Back
- Release : 03 June 2024
- Publisher : Financial Management Associati
- ISBN : 9780195380613
- Genre : Business & Economics
- Total Page : 504 pages
- Language : English
- PDF File Size : 9,6 Mb
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