𝔖 Scriptorium
✦   LIBER   ✦
πŸ“

Asset Pricing: A Structural Theory and Its Applications

✍ Scribed by Bing Cheng, Howell Tong

Publisher
World Scientific Publishing Company
Year
2008
Tongue
English
Leaves
91
Category
Library
⬇  Acquire This Volume

No coin nor oath required. For personal study only.

✦ Synopsis

Modern asset pricing models play a central role in finance and economic theory and applications. This book introduces a structural theory to evaluate these asset pricing models and throws light on the existence of Equity Premium Puzzle. Based on the structural theory, some algebraic (valuation-preserving) operations are developed in asset spaces and pricing kernel spaces. This has a very important implication leading to practical guidance in portfolio management and asset allocation in the global financial industry. The book also covers topics, such as the role of over-confidence in asset pricing modeling, relationship of the portfolio insurance with option and consumption-based asset pricing models, etc.

Contents: Introduction to Modern Asset Pricing; A Structural Theory of Asset Pricing; Algebra of Stochastic Discount Factors; Investment and Consumption in a Multi-Period Framework.

πŸ“œ SIMILAR VOLUMES

Asset pricing: A structural theory and i
πŸ“ Asset pricing: A structural theory and its applications
✍ Bing Cheng, Howell Tong πŸ“‚ Library πŸ“… 2008 πŸ› World Scientific Publishing Company 🌐 English

Modern asset pricing models play a central role in finance and economic theory and applications. This book introduces a structural theory to evaluate these asset pricing models and throws light on the existence of Equity Premium Puzzle. Based on the structural theory, some algebraic (valuation-prese

Asset Pricing: A Structural Theory and I
πŸ“ Asset Pricing: A Structural Theory and Its Applications
✍ Bing Cheng, Howell Tong πŸ“‚ Library πŸ“… 2008 πŸ› World Scientific Publishing Company 🌐 English

Modern asset pricing models play a central role in finance and economic theory and applications. This book introduces a structural theory to evaluate these asset pricing models and throws light on the existence of Equity Premium Puzzle. Based on the structural theory, some algebraic (valuation-prese

Finance Theory and Asset Pricing
πŸ“ Finance Theory and Asset Pricing
✍ Frank Milne πŸ“‚ Library πŸ“… 1995 πŸ› Oxford University Press 🌐 English

This book provides a concise guide to financial asset pricing theory. Assuming a basic knowledge of graduate microeconomic theory, it explores the fundamental ideas that underlie competitive financial asset pricing models with symmetric information. Using finite dimensional techniques, this book avo

Finance Theory and Asset Pricing
πŸ“ Finance Theory and Asset Pricing
✍ Frank Milne πŸ“‚ Library πŸ“… 1995 πŸ› Oxford University Press 🌐 English

This book provides a concise guide to financial asset pricing theory. Assuming a basic knowledge of graduate microeconomic theory, it explores the fundamental ideas that underlie competitive financial asset pricing models with symmetric information. Using finite dimensional techniques, this book avo

Structural Reliability Theory and Its Ap
πŸ“ Structural Reliability Theory and Its Applications
✍ Palle Thoft-Christensen Ph. D., Michael J. Baker B.Sc. (Eng) (auth.) πŸ“‚ Library πŸ“… 1982 πŸ› Springer-Verlag Berlin Heidelberg 🌐 English

<p>Structural reliability theory is concerned with the rational treatment of uncertainties in strucΒ­ tural engineering and with the methods for assessing the safety and serviceability of civil enΒ­ gineering and other structures. It is a subject which has grown rapidly during the last decade and has