The paradox of asset pricing:
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Bibliographic Details
Main Author: Bossaerts, Peter L. (Author)
Format: Electronic eBook
Language:English
Published: Princeton, N.J. Princeton University Press [2002]
Series:Frontiers of economic research
Subjects:
Online Access:Volltext
Item Description:Includes bibliographical references and index
"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
Physical Description:1 Online-Ressource
ISBN:9781400850662
1400850665
0691090297
9780691090290

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