Bossaerts, Peter <br/><br/>
The paradox of assert pricing/ 
Peter Bossaerts 
 - USA:  Princeton University Press,  2002. 
 - xiii, 170 p. 
<br/><br/>1. Principles of Asset-Pricing Theory Wherein we review the basics of asset-pricing theory, starting from dynamic programming (pointing out some of the surprising simplifications when applied to portfolio analysis), introducing the notion of equilibrium,and then narrowing everything down to arrive at the Capital Asset-Pricing Model (CAPM). The emphasis is on the features that the CAPM shares with virtually all other asset-pricing models,namely, in equilibrium, prices are set so that expected excess returns are proportional to covariance with aggregate risk.<br/>Introduction <br/>39 2.2 The Efficient Markets Hypothesis (EMH) <br/>42 2.3 Violations of the Stationarity Assumption <br/> 
<br/><br/><label>ISBN: </label>0691090297 
<br/><br/><label>Subjects--Topical Terms: </label><br/>	 Capital assets pricing model. Efficient market theory. Securities.
<br/><br/><label>Dewey Class. No.: </label>332.6  / BOS/P