This book explores the implications of a seminal economic model for valuing investments that carry risk, particularly over multiple time periods. The author, a renowned scholar, delves into an equilibrium asset pricing model, tracing its genesis to an influential paper from 1978. The book examines how the model can be used to evaluate the worth of uncertain cash flows, a concept crucial in determining investment strategies for individuals and organizations alike. The author demonstrates that while the model provides a theoretical framework for such valuations, its practical application is intricate and data-intensive. This complexity stems from the interdependence of market prices and expectations in an uncertain economic environment. However, the book offers valuable insights into the factors that affect investment valuations, highlighting the importance of risk aversion, utility functions, and the correlation between investment returns and consumption patterns. This book is significant for its rigorous analysis of a fundamental economic model and its implications for real-world investment decisions. It is an essential read for academics, financial professionals, and investors seeking a deeper understanding of the complexities of risk assessment and valuation in dynamic markets.
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Da: Forgotten Books, London, Regno Unito
Paperback. Condizione: New. Print on Demand. This book explores the implications of a seminal economic model for valuing investments that carry risk, particularly over multiple time periods. The author, a renowned scholar, delves into an equilibrium asset pricing model, tracing its genesis to an influential paper from 1978. The book examines how the model can be used to evaluate the worth of uncertain cash flows, a concept crucial in determining investment strategies for individuals and organizations alike. The author demonstrates that while the model provides a theoretical framework for such valuations, its practical application is intricate and data-intensive. This complexity stems from the interdependence of market prices and expectations in an uncertain economic environment. However, the book offers valuable insights into the factors that affect investment valuations, highlighting the importance of risk aversion, utility functions, and the correlation between investment returns and consumption patterns. This book is significant for its rigorous analysis of a fundamental economic model and its implications for real-world investment decisions. It is an essential read for academics, financial professionals, and investors seeking a deeper understanding of the complexities of risk assessment and valuation in dynamic markets. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Codice articolo 9781334476631_0
Quantità: Più di 20 disponibili
Da: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000. Codice articolo LW-9781334476631
Quantità: 15 disponibili
Da: PBShop.store UK, Fairford, GLOS, Regno Unito
PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000. Codice articolo LW-9781334476631
Quantità: 15 disponibili
Da: Revaluation Books, Exeter, Regno Unito
Paperback. Condizione: Brand New. 26 pages. 8.98x6.02x0.12 inches. In Stock. Codice articolo __1334476632
Quantità: 1 disponibili
Da: Revaluation Books, Exeter, Regno Unito
Paperback. Condizione: Brand New. 26 pages. 8.98x6.02x0.12 inches. This item is printed on demand. Codice articolo zk1334476632
Quantità: 1 disponibili
Da: moluna, Greven, Germania
Condizione: New. KlappentextrnrnExcerpt from A Note on the Valuation of Stochastic Cash FlowsThe paper is pedagogical in nature since much of the analysis such as the existence, uniqueness and optimality of equilibrium has been developed earlier. Codice articolo 2148147112
Quantità: Più di 20 disponibili