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
The purpose of the book is to provide the foundations for the study of modern financial economics. Rather than giving superficial coverage of a wide range of topics, the book concentrates on individuals' consumption and portfolio decisions under uncertainty and their implications for the valuation of securities. Prentice Hall acquired this title from Elsevier Publishers.
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Descrizione libro Elsevier Science Ltd, 1988. Hardcover. Condizione libro: New. Codice libro della libreria P110444013105
Descrizione libro Elsevier Science Ltd, 1988. Hardcover. Condizione libro: New. Brand New Text!!! Never Been Used!!! Edges barely worn. Barely shelfwear. This text is totally clean with no writing at all!!!. Codice libro della libreria 80011
Descrizione libro Elsevier Science Ltd, 1988. Hardcover. Condizione libro: New. Codice libro della libreria DADAX0444013105