The Paradox of Asset Pricing by Peter Bossaerts
Asset pricing theory abounds with elegant mathematical models. The logic is so compelling that the models are widely used in policy, from banking, and corporate finance to government. Investigating the scientific character of the pricing of financial assets, this work probes this conundrum by modeling a volatile phenomenon - speculation.
"This book, whose rousing style drew me in immediately, is remarkable in how well it is able honestly to convey the core of modern finance theory and then to go on to criticize it fairly"—Thomas Sargent, Stanford University, Hoover Institution
"An important and timely book, The Paradox of Asset Pricing 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
"An important and timely book, The Paradox of Asset Pricing 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
Peter Bossaerts is Professor of Finance and Director of the Laboratory for Experimental Finance, California Institute of Technology, and Fellow of the Centre for Economic Policy Research in London. He is coauthor of Lectures on Corporate Finance.
| SKU | Unavailable |
| ISBN 13 | 9780691090290 |
| ISBN 10 | 0691090297 |
| Title | The Paradox of Asset Pricing |
| Author | Peter Bossaerts |
| Series | Frontiers Of Economic Research |
| Condition | Unavailable |
| Binding Type | Hardback |
| Publisher | Princeton University Press |
| Year published | 2002-02-10 |
| Number of pages | 192 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |