Chi fu Huang (Livres)

Chi fu Huang Livres

Le Dr. Chi-fu Huang est reconnu pour ses contributions significatives à la théorie de l'économie financière. Son travail académique explore des domaines complexes tels que la théorie de l'équilibre général dynamique, la théorie de l'utilité intertemporelle et les processus décisionnels derrière la consommation individuelle et les choix de portefeuille. Avant de se tourner vers l'investissement privé et la gestion de fonds spéculatifs, il a établi une base solide en théorie économique grâce à sa carrière académique.

Foundations for financial economics

364pages
13 heures de lecture

3,5(8)Évaluer

Based on formal derivations of financial theory, this volume provides a rigorous exploration of individual's consumption and portfolio decisions under uncertainty. Features in-depth coverage of such topics as: concepts of risk aversion and stochastic dominance; mathematical properties of a portfolio frontier; distributional conditions for mutual fund separation; capital asset pricing models and arbitrage pricing models; general pricing rules for securities that pay off in more than one state of nature; the pricing of options; rational expectation models of risky asset prices; signaling models; how multiperiod dynamic economies can be modeled; a multiperiod economy with emphasis on valuation by arbitrage; econometric issues associated with testing capital asset pricing models. For readers interested in a rigorous overview of financial economicsn individual consumption point of view. …• 1988