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Neoclassical Finance
Stephen A. Ross
€ 83.17
€ 64.47
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Description for Neoclassical Finance
Hardback. 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. Series: Princeton Lectures in Finance S. Num Pages: 120 pages, 10 line illus. 5 tables. BIC Classification: KC; KFF. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 229 x 152 x 15. Weight in Grams: 314.
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 reflect the information possessed by the market and, ... Read more
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 reflect the information possessed by the market and, ... Read more
Product Details
Format
Hardback
Publication date
2004
Publisher
Princeton University Press United States
Number of pages
120
Condition
New
Series
Princeton Lectures in Finance S.
Number of Pages
120
Place of Publication
New Jersey, United States
ISBN
9780691121383
SKU
V9780691121383
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Stephen A. Ross
Stephen A. Ross is the Franco Modigliani Professor of Finance and Economics at the Massachusetts Institute of Technology. Best known as the originator of arbitrage pricing theory and as the codiscoverer of risk-neutral pricing and the binomial model for pricing derivatives, he is the coauthor of the best-selling textbook series in finance, "Corporate Finance".
Reviews for Neoclassical Finance
"Neoclassical Finance is a significant contribution to the field that deserves to be widely cited. Stephen Ross provides a clear and concise discussion of basic theory, a new and in some ways unique look at arbitrage and market efficiency, and resolves a long-standing empirical puzzle about closed end funds." - Richard Roll, Japan Alumni Chair in Finance, Anderson School of ... Read more