Intermediate Financial Theory (Danthine & Donaldson) 3rd edition新版

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6481

收藏 2015-01-27

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. Features: completely updated edition of classic textbook that fills a gap between MBA- and PhD-level texts; clear explanations of key concepts and requires limited mathematical prerequisites; online solutions manual available; and updates include new structure emphasizing the distinction between the equilibrium and the arbitrage perspectives on valuation and pricing, and a new chapter on asset management for the long-term investor.

Contents:

1. Role of Financial Markets

2. Challenges of Asset Pricing

II.

3. Choices in Risky Situations

4.  Measuring Risk and Risk Aversion

5.  Risk Aversion and Investment Decisions, Part 1

6.  Risk Aversion and Investment Decisions, Part 2

7.  Risk Aversion and Investment Decisions, Part 3

III.

8. The CAPM

9.  Arrow-Debreu Pricing, Part I

10. The Consumption Capital Asset Pricing Model (CCAPM)

11. Arrow Debreu Pricing, Part II

IV.

12. The Martingale Measure in Discrete Time, Part 1

13. The Martingale Measure in Discrete Time, Part 2

14. The APT

15. Continuous Time Finance

16. Portfolio Management in the Long Run

17. Financial Structure and Firm Valuation in Incomplete Markets

V.

18.  Financial Equilibrium with Differential Information