Asset Pricing

Name: Asset Pricing
Brand: Springer-Verlag New York Inc.
SKU: 9781461348498
Price: 105.3 EUR
Availability: InStock

-Discrete Time Approach-

Автор: Takeaki Kariya, Regina Liu

Език:

Корици: С меки корици

Издател: Springer-Verlag New York Inc.

Наличност: Външен склад

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1. Main Goals The theory of asset pricing has grown markedly more sophisticated in the last two deca...

Информация за книгата

Автор

Takeaki Kariya, Regina Liu

Език

Английски език

Корици

Книга - С меки корици

Издадена

2012

страници

275

EAN

9781461348498

ISBN

1461348498

Enbook ID

06796121

Издател

Springer-Verlag New York Inc.

Теглоt

444

Размери

155 x 235 x 17

Пълно описание

1. Main Goals The theory of asset pricing has grown markedly more sophisticated in the last two decades, with the application of powerful mathematical tools such as probability theory, stochastic processes and numerical analysis. The main goal of this book is to provide a systematic exposition, with practical appli cations, of the no-arbitrage theory for asset pricing in financial engineering in the framework of a discrete time approach. The book should also serve well as a textbook on financial asset pricing. It should be accessible to a broad audi ence, in particular to practitioners in financial and related industries, as well as to students in MBA or graduate/advanced undergraduate programs in finance, financial engineering, financial econometrics, or financial information science. The no-arbitrage asset pricing theory is based on the simple and well ac cepted principle that financial asset prices are instantly adjusted at each mo ment in time in order not to allow an arbitrage opportunity. Here an arbitrage opportunity is an opportunity to have a portfolio of value aat an initial time lead to a positive terminal value with probability 1 (equivalently, at no risk), with money neither added nor subtracted from the portfolio in rebalancing dur ing the investment period. It is necessary for a portfolio of valueato include a short-sell position as well as a long-buy position of some assets.

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Asset Pricing

-Discrete Time Approach-

Информация за книгата

Пълно описание

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