Asset Pricing and Portfolio Choice Theory by Kerry E. BackAsset Pricing and Portfolio Choice Theory by Kerry E. Back

Asset Pricing and Portfolio Choice Theory

byKerry E. Back

Hardcover | January 17, 2017

Pricing and Purchase Info

$84.31 online 
$104.50 list price save 19%
Earn 422 plum® points
Quantity:

Ships within 1-3 weeks

Ships free on orders over $25

Not available in stores

about

In the 2nd edition of Asset Pricing and Portfolio Choice Theory, Kerry E. Back offers a concise yet comprehensive introduction to and overview of asset pricing. Intended as a textbook for asset pricing theory courses at the Ph.D. or Masters in Quantitative Finance level with extensiveexercises and a solutions manual available for professors, the book is also an essential reference for financial researchers and professionals, as it includes detailed proofs and calculations as section appendices. The first two parts of the book explain portfolio choice and asset pricing theory in single-period, discrete-time, and continuous-time models. For valuation, the focus throughout is on stochastic discount factors and their properties. A section on derivative securities covers the usual derivatives(options, forwards and futures, and term structure models) and also applications of perpetual options to corporate debt, real options, and optimal irreversible investment. A chapter on "explaining puzzles" and the last part of the book provide introductions to a number of additional current topicsin asset pricing research, including rare disasters, long-run risks, external and internal habits, asymmetric and incomplete information, heterogeneous beliefs, and non-expected-utility preferences. Each chapter includes a "Notes and References" section providing additional pathways to theliterature. Each chapter also includes extensive exercises.
Kerry Back is the J. Howard Creekmore Professor of Finance at Rice University's Jones Graduate School of Business and a Professor of Economics in the Rice University School of Social Sciences. He previously served on the faculties of Northwestern University, Indiana University, Washington University in St. Louis, and Texas AandM Univer...
Loading
Title:Asset Pricing and Portfolio Choice TheoryFormat:HardcoverDimensions:712 pages, 9.25 × 6.12 × 0.98 inPublished:January 17, 2017Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0190241144

ISBN - 13:9780190241148

Look for similar items by category:

Reviews