| Asset Pricing Theory Contributor(s): Skiadas, Costis (Author) |
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ISBN: 0691139857 ISBN-13: 9780691139852 Publisher: Princeton University Press OUR PRICE: $85.50 Product Type: Hardcover - Other Formats Published: March 2009 Annotation: "Costis Skiadas has given us the definitive self-contained treatment of neoclassical asset pricing theory. There is nothing more rigorous, elegant, or thoughtful on the subject."--Darrell Duffie, Graduate School of Business, Stanford University ""Asset Pricing Theory" is a significant contribution to the field because it fills a void and does so in a masterful way. It will be useful to economists, mathematicians, financial engineers, and physicists who wish to read a high-level and rigorous development of the subject. I predict that this book will remain a standard reference for many years to come."--George M. Constantinides, University of Chicago |
| Additional Information |
| BISAC Categories: - Business & Economics | Industries - General - Business & Economics | Finance - General - Business & Economics | Econometrics |
| Dewey: 338.430 |
| LCCN: 2008039426 |
| Series: Princeton Series in Finance |
| Physical Information: 1.2" H x 6.4" W x 9.2" (1.70 lbs) 368 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Asset Pricing Theory is an advanced textbook for doctoral students and researchers that offers a modern introduction to the theoretical and methodological foundations of competitive asset pricing. Costis Skiadas develops in depth the fundamentals of arbitrage pricing, mean-variance analysis, equilibrium pricing, and optimal consumption/portfolio choice in discrete settings, but with emphasis on geometric and martingale methods that facilitate an effortless transition to the more advanced continuous-time theory. Among the book's many innovations are its use of recursive utility as the benchmark representation of dynamic preferences, and an associated theory of equilibrium pricing and optimal portfolio choice that goes beyond the existing literature.Asset Pricing Theory is complete with extensive exercises at the end of every chapter and comprehensive mathematical appendixes, making this book a self-contained resource for graduate students and academic researchers, as well as mathematically sophisticated practitioners seeking a deeper understanding of concepts and methods on which practical models are built.
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