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
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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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Book Description Prentice Hall, 1998. Hardcover. Book Condition: New. book. Bookseller Inventory # 0135006538
Book Description Prentice Hall, 1998. Hardcover. Book Condition: New. Bookseller Inventory # P110135006538
Book Description Prentice Hall. Hardcover. Book Condition: New. 0135006538 New. Looks like an interesting title, learn more! We provide domestic tracking upon request. We provide personalized customer service and want you to have a great experience purchasing from us. 100% satisfaction guaranteed and thank you for your consideration. Bookseller Inventory # S-0135006538
Book Description Prentice Hall, 1998. Paperback. Book Condition: New. Bookseller Inventory # DADAX0135006538