• Sign In
  • Help
  • My Basket0
Asset Pricing: -Discrete Time Approach- (Hardback)
  • Asset Pricing: -Discrete Time Approach- (Hardback)
zoom

Asset Pricing: -Discrete Time Approach- (Hardback)

(author), (author)
£132.00
Hardback 275 Pages / Published: 31/10/2002
  • Not available

This product is currently unavailable.

  • This item has been added to your basket

Check Marketplace availability

1. Main Goals The theory of asset pricing has grown markedly more sophisticated in the last two decades, with the application of powerful mathematical tools such as probability theory, stochastic processes and numerical analysis. The main goal of this book is to provide a systematic exposition, with practical appli- cations, of the no-arbitrage theory for asset pricing in financial engineering in the framework of a discrete time approach. The book should also serve well as a textbook on financial asset pricing. It should be accessible to a broad audi- ence, in particular to practitioners in financial and related industries, as well as to students in MBA or graduate/advanced undergraduate programs in finance, financial engineering, financial econometrics, or financial information science. The no-arbitrage asset pricing theory is based on the simple and well ac- cepted principle that financial asset prices are instantly adjusted at each mo- ment in time in order not to allow an arbitrage opportunity. Here an arbitrage opportunity is an opportunity to have a portfolio of value aat an initial time lead to a positive terminal value with probability 1 (equivalently, at no risk), with money neither added nor subtracted from the portfolio in rebalancing dur- ing the investment period. It is necessary for a portfolio of valueato include a short-sell position as well as a long-buy position of some assets.

Publisher: Springer-Verlag New York Inc.
ISBN: 9781402072437
Number of pages: 275
Weight: 765 g
Dimensions: 235 x 155 x 19 mm
Edition: 2003 ed.

You may also be interested in...

The Last Tycoons
Added to basket
Property Investing All-In-One For Dummies
Added to basket
Day Trading for Dummies, 3rd Edition
Added to basket
The Snowball
Added to basket
£16.99
Paperback
Investing for Dummies - UK
Added to basket
Market Wizards
Added to basket
£21.99
Paperback
Catching the Wolf of Wall Street
Added to basket
The New Market Wizards
Added to basket
Buffett
Added to basket
£12.99
Paperback
Fooled by Randomness
Added to basket
The Stock Market Explained
Added to basket
The Warren Buffett Stock Portfolio
Added to basket
Investing in Shares For Dummies
Added to basket

Reviews

Please sign in to write a review

Your review has been submitted successfully.