TY  - BOOK
AU  - Bossaerts, Peter
TI  - The paradox of assert pricing
SN  - 0691090297
U1  - 332.6 
PY  - 2002///
CY  - USA
PB  - Princeton University Press
KW  - 	 Capital assets pricing model. Efficient market theory. Securities
N1  - 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.
Introduction 
39 2.2 The Efficient Markets Hypothesis (EMH) 
42 2.3 Violations of the Stationarity Assumption

ER  -