Download the fantastic book titled Asset Pricing and Portfolio Choice Theory written by Kerry Back, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "Asset Pricing and Portfolio Choice Theory", which was released on 17 May 2024. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of Asset Pricing and Portfolio Choice Theory by Kerry Back PDF
This book is intended as a textbook for Ph.D. students in finance and as a reference book for academics. It is written at an introductory level but includes detailed proofs and calculations as section appendices. It covers the classical results on single-period, discrete-time, and continuous-time models. It also treats various proposed explanations for the equity premium and risk-free rate puzzles: persistent heterogeneous idiosyncratic risks, internal habits, external habits, and recursive utility. Most of the book assumes rational behavior, but two topics important for behavioral finance are covered: heterogeneous beliefs and non-expected-utility preferences. There are also chapters on asymmetric information and production models. The book includes numerous exercises designed to provide practice with the concepts and also to introduce additional results. Each chapter concludes with a notes and references section that supplies references to additional developments in the field.
Detail About Asset Pricing and Portfolio Choice Theory PDF
- Author : Kerry Back
- Publisher : Financial Management Associati
- Genre : Business & Economics
- Total Pages : 504 pages
- ISBN : 0195380614
- Release Date : 17 May 2024
- PDF File Size : 29,7 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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