Intermediate Financial Theory by Jean-pierre DanthineIntermediate Financial Theory by Jean-pierre Danthine

Intermediate Financial Theory

byJean-pierre Danthine, John B. DonaldsonEditorJean-pierre Danthine

Hardcover | September 25, 2014

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Targeting readers with backgrounds in economics,Intermediate Financial Theory, Third Editionincludes new material on the asset pricing implications of behavioral finance perspectives, recent developments in portfolio choice, derivatives-risk neutral pricing research, and implications of the 2008 financial crisis. Each chapter concludes with questions, and for the first time a freely accessible website presents complementary and supplementary material for every chapter. Known for its rigor and intuition,Intermediate Financial Theoryis perfect for those who need basic training in financial theory and those looking for a user-friendly introduction to advanced theory.



  • Completely updated edition of classic textbook that fills a gap between MBA- and PhD-level texts
  • Focuses on clear explanations of key concepts and requires limited mathematical prerequisites
  • Online solutions manual available
  • Updates include new structure emphasizing the distinction between the equilibrium and the arbitrage perspectives on valuation and pricing, and a new chapter on asset management for the long-term investor

About The Author

Jean-Pierre Danthine is professor of economics and finance at the University of Lausanne Switzerland), director of the International Center for Financial Asset Management and Engineering Lausanne & Geneva) and CEPR Research Fellow. The holder of a Ph.D. in economics from Carnegie-Mellon University and a M.S. in Economics from the Unive...

Details & Specs

Title:Intermediate Financial TheoryFormat:HardcoverDimensions:580 pages, 10.25 × 7.25 × 0.98 inPublished:September 25, 2014Publisher:Academic PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0123865492

ISBN - 13:9780123865496

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Table of Contents

1. Role of Financial Markets 2. Challenges of Asset Pricing II. 3. Choices in Risky Situations 4. Measuring Risk and Risk Aversion 5. Risk Aversion and Investment Decisions, Part 1 6. Risk Aversion and Investment Decisions, Part 2 7. Risk Aversion and Investment Decisions, Part 3 III. 8. The CAPM 9. Arrow-Debreu Pricing, Part I 10. The Consumption Capital Asset Pricing Model (CCAPM) 11. Arrow Debreu Pricing, Part II IV. 12. The Martingale Measure in Discrete Time, Part 1 13. The Martingale Measure in Discrete Time, Part 2 14. The APT 15. Continuous Time Finance 16. Portfolio Management in the Long Run 17. Financial Structure and Firm Valuation in Incomplete Markets V. 18. Financial Equilibrium with Differential Information

Editorial Reviews

"This unique textbook presents classic models and new results in finance, skillfully couched within the more general framework of economic decision-making under uncertainty. Throughout, Danthine and Donaldson carefully balance the need for both intuition and technical detail."  --Peter Ireland, Boston College