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Synopsis
Excerpt from Econometric Evaluation of Asset Pricing Models: August, 1993
Thus a stochastic discount factor m discounts payoffs in each state of the world and, as a consequence, adjusts the price according to the riskiness of the payoff. From the vantage point of an empirical analysis, we envision the stochastic discount factor as the vehicle linking a theoretical model to observable implications.
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Econometric Evaluation of Asset Pricing Models: August, 1993 (Classic Reprint)
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
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HRD. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9780266308997
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Econometric Evaluation of Asset Pricing Models: August, 1993 (Classic Reprint)
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
Seller rating 5 out of 5 stars
HRD. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9780266308997
Quantity: 15 available