Financial asset pricing theory /Claus Munk.

Munk, Claus.

Financial asset pricing theory /Claus Munk. - first edition. - Oxford : Oxford University Press, (c)2013. - 1 online resource (vii, 585 pages) : illustrations

Includes bibliographies and index.

1. Introduction and overview -- 2. Uncertainty, information, and stochastic processes -- 3. Portfolios, arbitrage, and market completeness -- 4 .State prices -- 5. Preferences -- 6. Individual optimality -- 7. Market equilibrium -- 8. Basic consumption-based asset pricing -- 9. Advanced consumption-based asset pricing -- 10. Factor models -- 11. The economics of the term structure of interest rates -- 12. Risk-adjusted probabilities -- 13. Derivatives.

Presenting models for the pricing of financial assets such as stocks, bonds and options, this book outlines models which are formulated and analyzed using concepts and techniques from mathematics and probability theory. It presents important classic models and some recent 'state-of-the-art' models that outperform the classics.



9780191654145 9780191751790


Capital assets pricing model--Textbooks.
Finance--Mathematical models--Textbooks.
Investments--Mathematical models--Textbooks.
Assets (Accounting)--Prices--Mathematical models.
Capital assets pricing model.


Electronic Books.

HG4636 / .F563 2013