Continuous-Time Asset Pricing Theory: A Martingale-Based Approach, 2nd Edition
Author: , Date: 31 Jul 2021, Views:
English | 2021 | ISBN: 3030744094 | 467 Pages | PDF EPUB | 23 MB
Asset pricing theory yields deep insights into crucial market phenomena such as stock market bubbles. Now in a newly revised and updated edition, this textbook guides the reader through this theory and its applications to markets. The new edition features ?new results on state dependent preferences, a characterization of market efficiency and a more general presentation of multiple-factor models using only the assumptions of no arbitrage and no dominance.
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