Asset pricing : a structural theory and its applications /

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Bibliographic Details
Author / Creator:	Cheng, Bing.
Imprint:	Hackensack, NJ : World Scientific, c2008.
Description:	xiii, 76 p. : ill. (some col.) ; 24 cm.
Language:	English
Subject:	Capital assets pricing model. Capital assets pricing model.
Format:	Print Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/7643778

Hidden Bibliographic Details
Other authors / contributors:	Tong, Howell.
ISBN:	9789812704559 (hbk.) 9812704558 (hbk.)
Notes:	Includes bibliographical references (p. 71-74) and index.
Summary:	"Modern asset pricing models play a central role in finance and economic theory and applications. This book introduces a structural theory to evaluate these asset pricing models and throws light on the existence of Equity Premium Puzzle. Based on the structural theory, some algebraic (valuation-preserving) operations are developed in asset spaces and pricing kernel spaces. This has a very important implication leading to practical guidance in portfolio management and asset allocation in the global financial industry. The book also covers topics, such as the role of over-confidence in asset pricing modeling, relationship of the portfolio insurance with option and consumption-based asset pricing models, etc." -- Book cover.

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Asset pricing : a structural theory and its applications /

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