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Financial decisions and markets :a c...

Campbell, John Y.,

Financial decisions and markets :a course in asset pricing /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Financial decisions and markets :John Y. Campbell.
Reminder of title:	a course in asset pricing /
Author:	Campbell, John Y.,
Description:	xxi, 451 pages :illustrations ;27 cm
Subject:	SecuritiesPrices
ISBN:	9780691160801

Financial decisions and markets :a course in asset pricing /
Campbell, John Y.,

Financial decisions and markets :a course in asset pricing /John Y. Campbell. - xxi, 451 pages :illustrations ;27 cm

Includes bibliographical references (pages 405-433) and index.

Static portfolio choice and asset pricing -- Choice under uncertainty -- Static portfolio choice -- Static equilibrium asset pricing -- The stochastic discount factor -- Intertemporal portfolio choice and asset pricing -- Present value relations -- Consumption-based asset pricing -- Production-based asset pricing -- Fixed-income securities -- Intertemporal risk -- Heterogeneous investors -- Household finance -- Risksharing and speculation -- Asymmetric information and liquidity.

In Financial Decisions and Markets, John Campbell, one of the field's most respected authorities, provides a broad graduate-level overview of asset pricing. He introduces students to leading theories of portfolio choice, their implications for asset prices, and empirical patterns of risk and return in financial markets. Campbell emphasizes the interplay of theory and evidence, as theorists respond to empirical puzzles by developing models with new testable implications. The book shows how models make predictions not only about asset prices but also about investors' financial positions, and how they often draw on insights from behavioral economics. After a careful introduction to single-period models, Campbell develops multiperiod models with time-varying discount rates, reviews the leading approaches to consumption-based asset pricing, and integrates the study of equities and fixed-income securities. He discusses models with heterogeneous agents who use financial markets to share their risks, but also may speculate against one another on the basis of different beliefs or private information. Campbell takes a broad view of the field, linking asset pricing to related areas, including financial econometrics, household finance, and macroeconomics. The textbook works in discrete time throughout, and does not require stochastic calculus. Problems are provided at the end of each chapter to challenge students to develop their understanding of the main issues in financial economics. --

ISBN: 9780691160801

LCCN: 2017013268

Nat. Bib. No.: GBB7J1604bnb

Nat. Bib. Agency Control No.: 018549924UkSubjects--Topical Terms:

183334
Securities
--Prices

LC Class. No.: HG4636 / .C36 2018

Dewey Class. No.: 332.63/2

Financial decisions and markets :a course in asset pricing /
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245 1 0 $a Financial decisions and markets : $b a course in asset pricing / $c John Y. Campbell.
264 1 $a Princeton : $b Princeton University Press, $c [2018]
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300 $a xxi, 451 pages : $b illustrations ; $c 27 cm
336 $a text $b txt $2 rdacontent
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504 $a Includes bibliographical references (pages 405-433) and index.
505 0 $a Static portfolio choice and asset pricing -- Choice under uncertainty -- Static portfolio choice -- Static equilibrium asset pricing -- The stochastic discount factor -- Intertemporal portfolio choice and asset pricing -- Present value relations -- Consumption-based asset pricing -- Production-based asset pricing -- Fixed-income securities -- Intertemporal risk -- Heterogeneous investors -- Household finance -- Risksharing and speculation -- Asymmetric information and liquidity.
520 $a In Financial Decisions and Markets, John Campbell, one of the field's most respected authorities, provides a broad graduate-level overview of asset pricing. He introduces students to leading theories of portfolio choice, their implications for asset prices, and empirical patterns of risk and return in financial markets. Campbell emphasizes the interplay of theory and evidence, as theorists respond to empirical puzzles by developing models with new testable implications. The book shows how models make predictions not only about asset prices but also about investors' financial positions, and how they often draw on insights from behavioral economics. After a careful introduction to single-period models, Campbell develops multiperiod models with time-varying discount rates, reviews the leading approaches to consumption-based asset pricing, and integrates the study of equities and fixed-income securities. He discusses models with heterogeneous agents who use financial markets to share their risks, but also may speculate against one another on the basis of different beliefs or private information. Campbell takes a broad view of the field, linking asset pricing to related areas, including financial econometrics, household finance, and macroeconomics. The textbook works in discrete time throughout, and does not require stochastic calculus. Problems are provided at the end of each chapter to challenge students to develop their understanding of the main issues in financial economics. -- $c Provided by publisher.
650 0 $a Securities $x Prices $x Mathematical models. $3 183334
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