Kerry Back《Asset Pricing and Portfolio Choice Theory》

Kerry Back《Asset Pricing and Portfolio Choice Theory》

作者:Kerry Back

出版社:Oxford University Press

出版年:2010-9-10

评分:8.3

ISBN:9780195380613

所属分类:经济金融

书刊介绍

内容简介

In Asset Pricing and Portfolio Choice Theory, Kerry E. Back at last offers what is at once a welcoming introduction to and a comprehensive overview of asset pricing. Useful as a textbook for graduate students in finance, with extensive exercises and a solutions manual available for professors, the book will also serve as an essential reference for scholars and professionals, as it includes detailed proofs and calculations as section appendices.

Topics covered include the classical results on single-period, discrete-time, and continuous-time models, as well as various proposed explanations for the equity premium and risk-free rate puzzles and chapters on heterogeneous beliefs, asymmetric information, non-expected utility preferences, and production models. The book includes numerous exercises designed to provide practice with the concepts and to introduce additional results. Each chapter concludes with a notes and references section that supplies pathways to additional developments in the field.

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