The Paradox of Asset Pricing (Frontiers of Economic Research)

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Last edited by MARC Bot
November 14, 2023 | History

The Paradox of Asset Pricing (Frontiers of Economic Research)

"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. In The Paradox of Asset Pricing, a leading financial researcher argues that the empirical record is weak at best.".

"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. This book will be welcomed by finance scholars and all those math- and statistics-minded readers interested in knowing whether there is science beyond the mathematics of finance."--BOOK JACKET.

Publish Date
Language
English
Pages
192

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Previews available in: English

Edition Availability
Cover of: The Paradox of Asset Pricing (Frontiers of Economic Research)
The Paradox of Asset Pricing (Frontiers of Economic Research)
December 28, 2004, Princeton University Press
Paperback in English
Cover of: The Paradox of Asset Pricing (Frontiers of Economic Research)
The Paradox of Asset Pricing (Frontiers of Economic Research)
January 21, 2002, Princeton University Press
Hardcover in English

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Book Details


Classifications

Library of Congress
HG4636 .B67 2002, HG4636.B67 2002

The Physical Object

Format
Hardcover
Number of pages
192
Dimensions
9.4 x 6.3 x 0.4 inches
Weight
1 pounds

ID Numbers

Open Library
OL7758118M
Internet Archive
paradoxofassetpr0000boss
ISBN 10
0691090297
ISBN 13
9780691090290
LCCN
2001055194
OCLC/WorldCat
48221483
Goodreads
1492309

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History

Download catalog record: RDF / JSON
November 14, 2023 Edited by MARC Bot import existing book
August 19, 2020 Edited by ImportBot import existing book
March 2, 2020 Edited by MARC Bot remove fake subjects
December 13, 2019 Edited by MARC Bot import existing book
December 10, 2009 Created by WorkBot add works page