Neoclassical Finance / / Stephen A. Ross.
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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Place / Publishing House: | Princeton, NJ : : Princeton University Press, , [2009] ©2005 |
Year of Publication: | 2009 |
Language: | English |
Series: | Princeton Lectures in Finance ;
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Physical Description: | 1 online resource (120 p.) :; 10 line illus. 5 tables. |
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Ross, Stephen A., author. aut http://id.loc.gov/vocabulary/relators/aut Neoclassical Finance / Stephen A. Ross. Princeton, NJ : Princeton University Press, [2009] ©2005 1 online resource (120 p.) : 10 line illus. 5 tables. text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Princeton Lectures in Finance ; 4 Frontmatter -- CONTENTS -- PREFACE -- ONE. NO ARBITRAGE: THE FUNDAMENTAL THEOREM OF FINANCE -- TWO. BOUNDING THE PRICING KERNEL, ASSET PRICING, AND COMPLETE MARKETS -- THREE. EFFICIENT MARKETS -- FOUR. A NEOCLASSICAL LOOK AT BEHAVIORAL FINANCE: THE CLOSED-END FUND PUZZLE -- BIBLIOGRAPHY -- INDEX restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star 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, as a consequence, trading schemes using commonly available information to beat the market are doomed to fail. By stark contrast, the currently popular stance offered by behavioral finance, fueled by a number of apparent anomalies in the financial markets, regards market prices as subject to the psychological whims of investors. But without any appeal to psychology, Ross shows that neoclassical theory provides a simple and rich explanation that resolves many of the anomalies on which behavioral finance has been fixated. Based on the inaugural Princeton Lectures in Finance, sponsored by the Bendheim Center for Finance of Princeton University, this elegant book represents a major contribution to the ongoing debate on market efficiency, and serves as a useful primer on the fundamentals of finance for both scholars and practitioners. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021) Business. BUSINESS & ECONOMICS / Economics / Theory. bisacsh Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 9783110442502 print 9780691121383 https://doi.org/10.1515/9781400830206?locatt=mode:legacy https://www.degruyter.com/isbn/9781400830206 Cover https://www.degruyter.com/cover/covers/9781400830206.jpg |
language |
English |
format |
eBook |
author |
Ross, Stephen A., Ross, Stephen A., |
spellingShingle |
Ross, Stephen A., Ross, Stephen A., Neoclassical Finance / Princeton Lectures in Finance ; Frontmatter -- CONTENTS -- PREFACE -- ONE. NO ARBITRAGE: THE FUNDAMENTAL THEOREM OF FINANCE -- TWO. BOUNDING THE PRICING KERNEL, ASSET PRICING, AND COMPLETE MARKETS -- THREE. EFFICIENT MARKETS -- FOUR. A NEOCLASSICAL LOOK AT BEHAVIORAL FINANCE: THE CLOSED-END FUND PUZZLE -- BIBLIOGRAPHY -- INDEX |
author_facet |
Ross, Stephen A., Ross, Stephen A., |
author_variant |
s a r sa sar s a r sa sar |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Ross, Stephen A., |
title |
Neoclassical Finance / |
title_full |
Neoclassical Finance / Stephen A. Ross. |
title_fullStr |
Neoclassical Finance / Stephen A. Ross. |
title_full_unstemmed |
Neoclassical Finance / Stephen A. Ross. |
title_auth |
Neoclassical Finance / |
title_alt |
Frontmatter -- CONTENTS -- PREFACE -- ONE. NO ARBITRAGE: THE FUNDAMENTAL THEOREM OF FINANCE -- TWO. BOUNDING THE PRICING KERNEL, ASSET PRICING, AND COMPLETE MARKETS -- THREE. EFFICIENT MARKETS -- FOUR. A NEOCLASSICAL LOOK AT BEHAVIORAL FINANCE: THE CLOSED-END FUND PUZZLE -- BIBLIOGRAPHY -- INDEX |
title_new |
Neoclassical Finance / |
title_sort |
neoclassical finance / |
series |
Princeton Lectures in Finance ; |
series2 |
Princeton Lectures in Finance ; |
publisher |
Princeton University Press, |
publishDate |
2009 |
physical |
1 online resource (120 p.) : 10 line illus. 5 tables. Issued also in print. |
contents |
Frontmatter -- CONTENTS -- PREFACE -- ONE. NO ARBITRAGE: THE FUNDAMENTAL THEOREM OF FINANCE -- TWO. BOUNDING THE PRICING KERNEL, ASSET PRICING, AND COMPLETE MARKETS -- THREE. EFFICIENT MARKETS -- FOUR. A NEOCLASSICAL LOOK AT BEHAVIORAL FINANCE: THE CLOSED-END FUND PUZZLE -- BIBLIOGRAPHY -- INDEX |
isbn |
9781400830206 9783110442502 9780691121383 |
callnumber-first |
H - Social Science |
callnumber-subject |
HG - Finance |
callnumber-label |
HG173 |
callnumber-sort |
HG 3173 R675 |
url |
https://doi.org/10.1515/9781400830206?locatt=mode:legacy https://www.degruyter.com/isbn/9781400830206 https://www.degruyter.com/cover/covers/9781400830206.jpg |
illustrated |
Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
332 - Financial economics |
dewey-full |
332.01 |
dewey-sort |
3332.01 |
dewey-raw |
332.01 |
dewey-search |
332.01 |
doi_str_mv |
10.1515/9781400830206?locatt=mode:legacy |
oclc_num |
638860603 |
work_keys_str_mv |
AT rossstephena neoclassicalfinance |
status_str |
n |
ids_txt_mv |
(DE-B1597)528063 (OCoLC)638860603 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 |
is_hierarchy_title |
Neoclassical Finance / |
container_title |
Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 |
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1770176643997892608 |
fullrecord |
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