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...
Asset pricing theory abounds with elegant mathematical models. The logic is so compelling that the models are widely used in policy, from banking, ...
Peter L. Bossaerts Berut Arue Oedegaard Bernt Arne Odegaard
This course of lectures - developed and taught at the Yale School of Management and the California Institute of Technology - introduces students to elementary concepts of corporate finance using a more systematic approach than is generally found in other textbooks. Within a simple logical framework, axioms are first highlighted and the implications of these important concepts are studied. These implications are used to answer questions about corporate finance, including issues related to derivatives pricing, state price probabilities, dynamic hedging, dividends, capital structure decisions,...
This course of lectures - developed and taught at the Yale School of Management and the California Institute of Technology - introduces students to el...
This course of lectures, taught in top business schools such as the Sloan School of Management, introduces students to elementary concepts of corporate finance using a more systematic approach than is generally found in other textbooks. Axioms are first highlighted and the implications of these important concepts are studied afterwards. These implications are used to answer questions about corporate finance, including issues related to derivatives pricing, state-price probabilities, dynamic hedging, dividends, capital structure decisions, and risk and incentive management. Numerical examples...
This course of lectures, taught in top business schools such as the Sloan School of Management, introduces students to elementary concepts of corporat...
