{"product_id":"asset-pricing-theory-costis-skiadas-9780691139852","title":"Asset Pricing Theory","description":"\u003cp\u003e\u003ci\u003eAsset Pricing Theory\u003c\/i\u003e is an advanced textbook for doctoral students and researchers that offers a modern introduction to the theoretical and methodological foundations of competitive asset pricing. Costis Skiadas develops in depth the fundamentals of arbitrage pricing, mean-variance analysis, equilibrium pricing, and optimal consumption\/portfolio choice in discrete settings, but with emphasis on geometric and martingale methods that facilitate an effortless transition to the more advanced continuous-time theory. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e Among the book's many innovations are its use of recursive utility as the benchmark representation of dynamic preferences, and an associated theory of equilibrium pricing and optimal portfolio choice that goes beyond the existing literature. \u003cp\u003e\u003c\/p\u003e\u003cbr\u003e \u003ci\u003eAsset Pricing Theory\u003c\/i\u003e is complete with extensive exercises at the end of every chapter and comprehensive mathematical appendixes, making this book a self-contained resource for graduate students and academic researchers, as well as mathematically sophisticated practitioners seeking a deeper understanding of concepts and methods on which practical models are built. \u003cp\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cbr\u003e \u003cli\u003eCovers in depth the modern theoretical foundations of competitive asset pricing and consumption\/portfolio choice \u003c\/li\u003e\n\u003cbr\u003e \u003cli\u003eUses recursive utility as the benchmark preference representation in dynamic settings \u003c\/li\u003e\n\u003cbr\u003e \u003cli\u003eSets the foundations for advanced modeling using geometric arguments and martingale methodology \u003c\/li\u003e\n\u003cbr\u003e \u003cli\u003eFeatures self-contained mathematical appendixes \u003c\/li\u003e\n\u003cbr\u003e \u003cli\u003eIncludes extensive end-of-chapter exercises\u003c\/li\u003e\n\u003cbr\u003e\n\u003c\/ul\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Costis Skiadas\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0691139857\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780691139852\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Princeton University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 03\/01\/2009\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 368\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.70lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.20h x 6.40w x 1.20d","brand":"Costis Skiadas","offers":[{"title":"Hardcover","offer_id":43946945708287,"sku":"9780691139852","price":90.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/products\/img_63970c47-6a8e-44da-9df7-30e58a3c2fe3.jpg?v=1681515851","url":"https:\/\/www.whiterainbookhouse.com\/products\/asset-pricing-theory-costis-skiadas-9780691139852","provider":"WR Book House","version":"1.0","type":"link"}