Focusing on asset pricing theory, this revised textbook delves into significant market phenomena, including stock market bubbles. It presents new insights on state-dependent preferences and market efficiency, while offering a comprehensive overview of multiple-factor models based on the principles of no arbitrage and no dominance. The updated edition enhances understanding of these concepts, making it a valuable resource for those interested in the intricacies of financial markets.
Robert A. Jarrow Poradie kníh

- 2021