The capital asset pricing model in the 21st century : analytical, empirical, and behavioral perspectives /

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Bibliographic Details
Author / Creator:	Levy, Haim.
Imprint:	New York : Cambridge University Press, 2012.
Description:	1 online resource (xiii, 442 pages) : illustrations
Language:	English
Subject:	Capital assets pricing model. Capital assets pricing model.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/11829666

Hidden Bibliographic Details
ISBN:	9781139190787 9781139185882 1139185888 1139190784 9781139017459 1139017454 9781107006713 1107006716 9780521186513 052118651X 1107227550 9781107227552 1283382547 9781283382540 9786613382542 661338254X 1139189484 9781139189484 1139188186 9781139188180 1139183567 9781139183567
Notes:	Includes bibliographical references and indexes. English. Print version record.
Summary:	"Project Theory and the classical models in finance (e.g., the CAPM) seemingly contradict each other, creating a teachin and a research dilemma to professors in finanace and econommics, This tension is particualrly strong for professors who teach both the CAPM and behavioral finance. This book bridges between Prospect Theory and the Classical Models in finance showing that there is no contradictions between them"--
Other form:	Print version: Levy, Haim. Capital asset pricing model in the 21st century. New York : Cambridge University Press, 2012 9781107006713

Table of Contents:

1. Introduction; 2. Expected utility theory; 3. Expected utility and investment decision rules; 4. The mean-variance rule; 5. The capital asset pricing model (CAPM); 6. Extensions of the CAPM; 7. The CAPM cannot be rejected: empirical and experimental evidence; 8. Theoretical and empirical criticisms of the M-V rule; 9. Prospect theory and expected utility; 10. Cumulative decision weights: no dominance violation; 11. M-V rule, the CAPM, and the cumulative prospect theory: coexistence.

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