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The Paradox of Asset Pricing
Peter Bossaerts
€ 66.62
€ 51.35
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Description for The Paradox of Asset Pricing
Paperback. Asset pricing theory abounds with elegant mathematical models. To what extent, however, can these models predict what actually happens in financial markets? This book argues that the empirical record is weak at best. It investigates the scientific character of the pricing of financial assets. Series: Frontiers of Economic Research. Num Pages: 192 pages, 23 line illus. 8 tables. BIC Classification: KFFM. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 149 x 226 x 15. Weight in Grams: 286.
Asset pricing theory abounds with elegant mathematical models. The logic is so compelling that the models are widely used in policy, from banking, investments, and corporate finance to government. To what extent, however, can these models predict what actually happens in financial markets? In The Paradox of Asset Pricing, a leading financial researcher argues forcefully that the empirical record is weak at best. Peter Bossaerts undertakes the most thorough, technically sound investigation in many years into the scientific character of the pricing of financial assets. He probes this conundrum by modeling a decidedly volatile phenomenon that, he says, the world ... Read more
Asset pricing theory abounds with elegant mathematical models. The logic is so compelling that the models are widely used in policy, from banking, investments, and corporate finance to government. To what extent, however, can these models predict what actually happens in financial markets? In The Paradox of Asset Pricing, a leading financial researcher argues forcefully that the empirical record is weak at best. Peter Bossaerts undertakes the most thorough, technically sound investigation in many years into the scientific character of the pricing of financial assets. He probes this conundrum by modeling a decidedly volatile phenomenon that, he says, the world ... Read more
Product Details
Format
Paperback
Publication date
2005
Publisher
Princeton University Press United States
Number of pages
192
Condition
New
Series
Frontiers of Economic Research
Number of Pages
192
Place of Publication
New Jersey, United States
ISBN
9780691123134
SKU
V9780691123134
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Peter Bossaerts
Peter Bossaerts is William D. Hacker Professor of Economics and Management, Professor of Finance, and Executive Officer for the Social Sciences at the California Institute of Technology. He is the coauthor of "Lectures on Corporate Finance".
Reviews for The Paradox of Asset Pricing
"An important and timely book, [it] offers a fresh look at what the efficient markets hypothesis really implies. Summarizing forty years of asset pricing tests, it compels researchers to think deeply about what they are doing." - Bernt Arne Odegaard, Norwegian School of Management, Central Bank of Norway; "This book, whose rousing style drew me in immediately, is remarkable in ... Read more