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Neoclassical Finance
Neoclassical Finance provides a concise and powerful account of the underlying principles of modern finance, drawing on a generation of theoretical and empirical advances in the field. Stephen Ross developed the no arbitrage principle, tying asset pricing to the simple proposition that there are no...
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| Format: | Électronique eBook |
| Langue: | Inglés |
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Princeton :
Princeton University Press,
2009.
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| Collection: | Book collections on Project MUSE.
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| Accès en ligne: | Texto completo |
| Résumé: | Neoclassical Finance provides a concise and powerful account of the underlying principles of modern finance, drawing on a generation of theoretical and empirical advances in the field. Stephen Ross developed the no arbitrage principle, tying asset pricing to the simple proposition that there are no free lunches in financial markets, and jointly with John Cox he developed the related concept of risk-neutral pricing. In this book Ross makes a strong case that these concepts are the fundamental pillars of modern finance and, in particular, of market efficiency. In an efficient market prices refle. |
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| Description matérielle: | 1 online resource (120 pages). |
| ISBN: | 9781400830206 |