Foundations for Financial Economics
Foundations for Financial Economics
ISBN: 9780444013101
出版社: Prentice Hall
出版年: 1998
页数: 365 pages
装帧: Hardcover
内容简介
Book Description
Based on formal derivations of financial theory, this volume provides a rigorous exploration of individual's consumption and portfolio decisions under uncertainty. Features in-depth coverage of such topics as: concepts of risk aversion and stochastic dominance; mathematical properties of a portfolio frontier; distributional conditions for mutual fund separation; capital asset pricing models and arbitrage pricing models; general pricing rules for securities that pay off in more than one state of nature; the pricing of options; rational expectation models of risky asset prices; signaling models; how multiperiod dynamic economies can be modeled; a multiperiod economy with emphasis on valuation by arbitrage; econometric issues associated with testing capital asset pricing models. For readers interested in a rigorous overview of financial economicsn individual consumption point of view. ? 1988
The publisher, Prentice Hall Business Publishing
The purpose of the book is to provide the foundations for the study of modern financial economics. Rather than giving superficial coverage of a wide range of topics, the book concentrates on individuals' consumption and portfolio decisions under uncertainty and their implications for the valuation of securities. Prentice Hall acquired this title from Elsevier Publishers.
作者简介
现任Platinum Grove Asset Management LP首席执行官的黄奇辅(Chi-fu Huang)祖籍福建，1955年生于中国台湾，毕业于斯坦福大学商学院，后执教于麻省理工学院、斯坦福大学和宾夕法尼亚大学等多所世界顶级高校，1989年获得麻省终身教授职位，1990年成为斯隆学院的正职教授，36岁更获得讲座教授头衔，并在1994年夏天离开MIT后获得J.C.Penney的金融教授称号。
罗伯特·李兹森伯格，博士，曾任斯坦福大学教授，现任阿希姆斯信托公司一家对冲基金、私募股权和风险投资基金的执行主任。
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