Targeting readers with backgrounds in economics, Intermediate Financial Theory, Third Edition includes new material on the asset pricing implications of behavioral finance perspectives, recent developments in portfolio choice, derivatives-risk neutral pricing research, and implications of the 2008 financial crisis. Each chapter concludes with questions, and for the first time a freely accessible website presents complementary and supplementary material for every chapter. Known for its rigor and intuition, Intermediate Financial Theory is perfect for those who need basic training in financial…mehr
Targeting readers with backgrounds in economics, Intermediate Financial Theory, Third Edition includes new material on the asset pricing implications of behavioral finance perspectives, recent developments in portfolio choice, derivatives-risk neutral pricing research, and implications of the 2008 financial crisis. Each chapter concludes with questions, and for the first time a freely accessible website presents complementary and supplementary material for every chapter. Known for its rigor and intuition, Intermediate Financial Theory is perfect for those who need basic training in financial theory and those looking for a user-friendly introduction to advanced theory.
Jean-Pierre Danthine is Honorary Director of the Enterprise for Society Center (E4S), a center affiliated to UNIL-HEC, IMD and EPFL, of which he was Managing Director from its foundation in December 2019 until 30 April 2023. He is a Distinguished Research scholar at IMD and an honorary professor at the University of Lausanne and the EPFL (Ecole Polytechnique de Lausanne). From 2015 to 2021 he was President of the Paris School of Economics. From 2010 to 2015 he was a member of the Governing Board of the Swiss National Bank, of which he was Vice-Chairman from 2012. He was Managing Director of the Swiss Finance Institute from its foundation in 2006 until the end of 2009. Professor Danthine previously taught at Columbia University and held visiting appointments at CUNY Graduate Center, University of Southern California (Los Angeles), Université d'Aix-Marseille, Université Laval (Québec), as well as Universities of Toulon and Dijon. His publications have appeared in Econometrica, the Journal of Political Economy, the Review of Economic Studies, the Journal of Finance and other leading international journals.
Inhaltsangabe
1. Role of Financial Markets2. Challenges of Asset PricingII.3. Choices in Risky Situations4. Measuring Risk and Risk Aversion5. Risk Aversion and Investment Decisions, Part 16. Risk Aversion and Investment Decisions, Part 27. Risk Aversion and Investment Decisions, Part 3III.8. The CAPM9. Arrow-Debreu Pricing, Part I10. The Consumption Capital Asset Pricing Model (CCAPM)11. Arrow Debreu Pricing, Part IIIV.12. The Martingale Measure in Discrete Time, Part 113. The Martingale Measure in Discrete Time, Part 214. The APT15. Continuous Time Finance16. Portfolio Management in the Long Run17. Financial Structure and Firm Valuation in Incomplete MarketsV.18. Financial Equilibrium with Differential Information
Part One: Introduction 1. On the Role of Financial Markets and Institutions Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 2. Finance in the 21st Century: Crisis and Sustainability Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 3. The Challenges of Asset Pricing: A Road Map Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine Part Two: The Demand for Financial Assets 4. Making Choices in Risky Situations Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 5. Measuring Risk and Risk Aversion Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 6. Risk Aversion and Investment Decisions, Part I: Subtitle? Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 7. Risk Aversion and Investment Decisions, Part II: Modern Portfolio Theory Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 8. Risk Aversion and Investment Decisions, Part III: Challenges to Implementation Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine Part 3: Equilibrium Pricing 9. The Capital Asset Pricing Model Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 10. Arrow-Debreu Pricing, Part I Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 11. The Consumption Asset Pricing Model, Part I Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 12. The Consumption Asset Pricing Model, Part II. Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine Part 4: Arbitrage Pricing 13. Arrow-Debreu Pricing, Part II Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 14. The Martingale Measure, Part I Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 15. The Martingale Measure, Part II Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 16. The Arbitrage Pricing Theory Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine Part 5: Topics 17. Safe Asset Shortage Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 18. Portfolio Management in the Long Run Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 19. Discounting, the Dice Model as a CAPM Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 20. Sustainable Finance Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 21. Selected Topics in Corporate Finance Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 22. Financial Equilibrium with Di_erential Information Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine Web Chapters include: Web chapter 1 supplements to Chapter 1: The Solow Growth Model Web chapter 2 supplements to Chapter 2: The European Financial Crisis Web chapter 4 supplements to Chapter 4: Advanced Topics on Preferences Web chapter 5 supplements to Chapter 5: Excessive Risk Taking and Under Risk Taking and Rabin’s argument Web chapter 7 supplements to Chapter 7: More on the Demand for Assets and Ambiguity Web chapter 8 supplements to Chapter 8: On Mean Reversion Web chapter 11 supplements to Chapter 11: Proof of Theorem 11.2, Corollary 11.1, and More on Aggregation Web chapter 12 supplements to Chapter 12: Complements on Bayesian Updating Web chapter 13 supplements to Chapter 13: Option Theory: A Refresher Web chapter 15 supplements to Chapter 15: An Intuitive Overview of Continuous Time Finance Web chapter 16 supplements to Chapter 16: Total Factor Productivity Risk Web chapter 17 supplements to Chapter 17: CCAPM and Bond Holding Web chapter 18 supplements to Chapter 18: More on Variations on the Risk-Free Rate Web chapter 19 supplements to Chapter 19: More on Weitzman and DICE Web chapter 21 supplements to Chapter 21: Zero Net Present Value Investment
1. Role of Financial Markets2. Challenges of Asset PricingII.3. Choices in Risky Situations4. Measuring Risk and Risk Aversion5. Risk Aversion and Investment Decisions, Part 16. Risk Aversion and Investment Decisions, Part 27. Risk Aversion and Investment Decisions, Part 3III.8. The CAPM9. Arrow-Debreu Pricing, Part I10. The Consumption Capital Asset Pricing Model (CCAPM)11. Arrow Debreu Pricing, Part IIIV.12. The Martingale Measure in Discrete Time, Part 113. The Martingale Measure in Discrete Time, Part 214. The APT15. Continuous Time Finance16. Portfolio Management in the Long Run17. Financial Structure and Firm Valuation in Incomplete MarketsV.18. Financial Equilibrium with Differential Information
Part One: Introduction 1. On the Role of Financial Markets and Institutions Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 2. Finance in the 21st Century: Crisis and Sustainability Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 3. The Challenges of Asset Pricing: A Road Map Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine Part Two: The Demand for Financial Assets 4. Making Choices in Risky Situations Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 5. Measuring Risk and Risk Aversion Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 6. Risk Aversion and Investment Decisions, Part I: Subtitle? Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 7. Risk Aversion and Investment Decisions, Part II: Modern Portfolio Theory Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 8. Risk Aversion and Investment Decisions, Part III: Challenges to Implementation Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine Part 3: Equilibrium Pricing 9. The Capital Asset Pricing Model Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 10. Arrow-Debreu Pricing, Part I Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 11. The Consumption Asset Pricing Model, Part I Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 12. The Consumption Asset Pricing Model, Part II. Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine Part 4: Arbitrage Pricing 13. Arrow-Debreu Pricing, Part II Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 14. The Martingale Measure, Part I Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 15. The Martingale Measure, Part II Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 16. The Arbitrage Pricing Theory Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine Part 5: Topics 17. Safe Asset Shortage Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 18. Portfolio Management in the Long Run Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 19. Discounting, the Dice Model as a CAPM Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 20. Sustainable Finance Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 21. Selected Topics in Corporate Finance Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine 22. Financial Equilibrium with Di_erential Information Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine Web Chapters include: Web chapter 1 supplements to Chapter 1: The Solow Growth Model Web chapter 2 supplements to Chapter 2: The European Financial Crisis Web chapter 4 supplements to Chapter 4: Advanced Topics on Preferences Web chapter 5 supplements to Chapter 5: Excessive Risk Taking and Under Risk Taking and Rabin’s argument Web chapter 7 supplements to Chapter 7: More on the Demand for Assets and Ambiguity Web chapter 8 supplements to Chapter 8: On Mean Reversion Web chapter 11 supplements to Chapter 11: Proof of Theorem 11.2, Corollary 11.1, and More on Aggregation Web chapter 12 supplements to Chapter 12: Complements on Bayesian Updating Web chapter 13 supplements to Chapter 13: Option Theory: A Refresher Web chapter 15 supplements to Chapter 15: An Intuitive Overview of Continuous Time Finance Web chapter 16 supplements to Chapter 16: Total Factor Productivity Risk Web chapter 17 supplements to Chapter 17: CCAPM and Bond Holding Web chapter 18 supplements to Chapter 18: More on Variations on the Risk-Free Rate Web chapter 19 supplements to Chapter 19: More on Weitzman and DICE Web chapter 21 supplements to Chapter 21: Zero Net Present Value Investment
Rezensionen
"This unique textbook presents classic models and new results in finance, skillfully couched within the more general framework of economic decision-making under uncertainty. Throughout, Danthine and Donaldson carefully balance the need for both intuition and technical detail." --Peter Ireland, Boston College
"This is an excellent book that introduces financial asset pricing theory as a natural extension of microeconomic and general equilibrium theory. The exposition of classic and recent results is clear, thorough and accessible to any economist or graduate student who has a good grounding in microeconomic theory. Having mastered this material the reader is well equipped to tackle the many variations of asset pricing models in the literature." --Frank Milne, Queen's University, Professor of Economics and Finance
"This book is ideally suited to students wishing to gain a deeper understanding of the basic concepts of financial economics beyond those presented in a typical MBA program without having to deal with unnecessary mathematical details. The exposition is superb and enriching of intuition. The book, written by two of the professions leading experts, is unique." --Rajnish Mehra, Professor of Finance, University of California, Santa Barbara
Es gelten unsere Allgemeinen Geschäftsbedingungen: www.buecher.de/agb
Impressum
www.buecher.de ist ein Internetauftritt der buecher.de internetstores GmbH
Geschäftsführung: Monica Sawhney | Roland Kölbl | Günter Hilger
Sitz der Gesellschaft: Batheyer Straße 115 - 117, 58099 Hagen
Postanschrift: Bürgermeister-Wegele-Str. 12, 86167 Augsburg
Amtsgericht Hagen HRB 13257
Steuernummer: 321/5800/1497
USt-IdNr: DE450055826