Title
Asset Pricing: Revised Edition,Used
Processing time: 1-3 days
US Orders Ships in: 3-5 days
International Orders Ships in: 8-12 days
Return Policy: 15-days return on defective items
Payment Option
Winner of the prestigious Paul A. Samuelson Award for scholarly writing on lifelong financial security, John Cochrane's Asset Pricing now appears in a revised edition that unifies and brings the science of asset pricing up to date for advanced students and professionals. Cochrane traces the pricing of all assets back to a single ideaprice equals expected discounted payoffthat captures the macroeconomic risks underlying each security's value. By using a single, stochastic discount factor rather than a separate set of tricks for each asset class, Cochrane builds a unified account of modern asset pricing. He presents applications to stocks, bonds, and options. Each modelconsumption based, CAPM, multifactor, term structure, and option pricingis derived as a different specification of the discounted factor.The discount factor framework also leads to a statespace geometry for meanvariance frontiers and asset pricing models. It puts payoffs in different states of nature on the axes rather than mean and variance of return, leading to a new and conveniently linear geometrical representation of asset pricing ideas.Cochrane approaches empirical work with the Generalized Method of Moments, which studies sample average prices and discounted payoffs to determine whether price does equal expected discounted payoff. He translates between the discount factor, GMM, and statespace language and the beta, meanvariance, and regression language common in empirical work and earlier theory.The book also includes a review of recent empirical work on return predictability, value and other puzzles in the cross section, and equity premium puzzles and their resolution. Written to be a summary for academics and professionals as well as a textbook, this book condenses and advances recent scholarship in financial economics.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: What is the page count of 'Asset Pricing: Revised Edition'? A: The book has five hundred sixty-eight pages. This extensive length allows for in-depth coverage of asset pricing concepts and theories.
- Q: What are the dimensions of the book? A: The dimensions are six point twenty-six inches in length, one point five inches in width, and nine point twenty-five inches in height. These measurements make it a standard-sized hardcover book.
- Q: Who is the author of 'Asset Pricing: Revised Edition'? A: The author is John H. Cochrane. He is well-known for his contributions to financial economics and asset pricing.
- Q: Is this book suitable for beginners in economics? A: No, it is not suitable for beginners. The book is aimed at advanced students and professionals familiar with economic theories.
- Q: How do I use this book for my studies? A: You can use this book as a textbook for graduate-level courses in finance and economics. It provides detailed models and applications relevant to asset pricing.
- Q: Is 'Asset Pricing: Revised Edition' suitable for self-study? A: Yes, it is suitable for self-study. The book condenses recent scholarship and is designed to be a comprehensive resource for scholars and practitioners.
- Q: How should I store this hardcover book? A: Store the book upright in a dry place away from direct sunlight. This will help preserve its condition and prevent damage to the cover and pages.
- Q: Is there any special care required for this book? A: No, there is no special care required. Just handle the book gently to avoid creasing the pages and damaging the binding.
- Q: What if the book arrives damaged? A: If the book arrives damaged, contact the seller for a return or exchange. Most retailers have a return policy for damaged items.
- Q: What is the return policy for 'Asset Pricing: Revised Edition'? A: The return policy varies by retailer, but most allow returns within thirty days of purchase. Check the specific policy where you bought the book.
- Q: Can this book help with empirical research in finance? A: Yes, the book discusses empirical work using the Generalized Method of Moments, making it a valuable resource for research in finance.
- Q: Does this book cover modern asset pricing theories? A: Yes, it covers modern asset pricing theories, including consumption-based models and multifactor approaches. It presents a unified account of asset pricing.
- Q: Is there a glossary or index in the book? A: Yes, the book includes an index. This helps readers locate specific topics and concepts easily.
- Q: Are there applications to different asset classes in the book? A: Yes, the book presents applications to stocks, bonds, and options, making it comprehensive for various asset classes.
- Q: What type of binding does 'Asset Pricing: Revised Edition' have? A: The book has a hardcover binding. This ensures durability and a professional appearance, suitable for library use and personal collections.