The paradox of asset pricing /
"Bossaerts writes that the existing empirical evidence may be tainted by the assumptions needed to make sense of historical field data or by reanalysis of the same data. To address the first problem, he demonstrates that one central assumption - that markets are efficient processors of informat...
| Основен автор: | Bossaerts, Peter L., 1960- (Author) |
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| Формат: | Електронна книга |
| Език: | English |
| Публикувано: |
Princeton, N.J. :
Princeton University Press,
[2002]
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| Серия: |
Frontiers of economic research.
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| Предмети: | |
| Онлайн достъп: |
http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=660183 |
| Подобни документи: |
Print version::
Paradox of asset pricing |
| Резюме: |
"Bossaerts writes that the existing empirical evidence may be tainted by the assumptions needed to make sense of historical field data or by reanalysis of the same data. To address the first problem, he demonstrates that one central assumption - that markets are efficient processors of information, that risk is a knowable quantity, and so on - can be relaxed substantially while retaining core elements of the existing methodology. The new approach brings novel insights to old data. As for the second problem, he proposes that asset pricing theory be studied through experiments in which subjects trade purposely designed assets for real money. |
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| Физически характеристики: |
1 online resource : illustrations. |
| Библиография: |
Includes bibliographical references and index. |
| ISBN: |
9781400850662 1400850665 |