Foundations for financial economics
Chi-fu Huang, Robert H. Litzenberger
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
श्रेणियाँ:
साल:
1988
प्रकाशन:
Prentice Hall
भाषा:
english
पृष्ठ:
377
ISBN 10:
0135006538
ISBN 13:
9780135006535
फ़ाइल:
PDF, 9.35 MB
IPFS:
,
english, 1988