000			00352nam a2200133Ia 4500
999			_c155313 _d155313
020			_a0691090297
040			_cCUS
082			_a332.6 _bBOS/P
100			_aBossaerts, Peter
245		4	_aThe paradox of assert pricing/ _cPeter Bossaerts
260			_aUSA: _bPrinceton University Press, _c2002.
300			_axiii, 170 p.
505			_a1. 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
650			_a Capital assets pricing model. Efficient market theory. Securities.
942			_cWB16