{"product_id":"asset-pricing-and-portfolio-choice-theory-9780190241148","title":"Asset Pricing and Portfolio Choice Theory","description":"In the 2nd edition of \u003cem\u003eAsset Pricing and Portfolio Choice Theory\u003c\/em\u003e, Kerry E. Back offers a concise yet comprehensive introduction to and overview of asset pricing. Intended as a textbook for asset pricing theory courses at the Ph.D. or Masters in Quantitative Finance level with extensive\u003cbr\u003eexercises and a solutions manual available for professors, the book is also an essential reference for financial researchers and professionals, as it includes detailed proofs and calculations as section appendices. \u003cp\u003e\u003c\/p\u003eThe first two parts of the book explain portfolio choice and asset pricing theory in single-period, discrete-time, and continuous-time models. For valuation, the focus throughout is on stochastic discount factors and their properties. A section on derivative securities covers the usual derivatives\u003cbr\u003e(options, forwards and futures, and term structure models) and also applications of perpetual options to corporate debt, real options, and optimal irreversible investment. A chapter on explaining puzzles and the last part of the book provide introductions to a number of additional current topics\u003cbr\u003ein asset pricing research, including rare disasters, long-run risks, external and internal habits, asymmetric and incomplete information, heterogeneous beliefs, and non-expected-utility preferences. Each chapter includes a Notes and References section providing additional pathways to the\u003cbr\u003eliterature. Each chapter also includes extensive exercises.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Kerry E. Back\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Oxford University Press, USA\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 02\/01\/2017\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 744\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 2.60lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.30h x 6.20w x 1.50d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780190241148\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eKerry Back is the J. Howard Creekmore Professor of Finance at Rice University's Jones Graduate School of Business and a Professor of Economics in the Rice University School of Social Sciences. He previously served on the faculties of Northwestern University, Indiana University, Washington University in St. Louis, and Texas A\u0026amp;M University. At Washington University in St. Louis, he served as the Associate Dean for Academic Affairs of the Olin School of Business and was named a University Distinguished Faculty Member. He received faculty research awards at Texas A\u0026amp;M and at Rice University. Currently, he teaches introductory and advanced asset pricing theory to PhD students in the Jones School and in the Department of Economics. His research interests are in the areas of investments and market design, and he has served as an editor of the \u003cem\u003eReview of Financial Studies\u003c\/em\u003e, a co-editor of \u003cem\u003eFinance \u0026amp; Stochastics\u003c\/em\u003e, and an associate editor of the \u003cem\u003eJournal of Finance\u003c\/em\u003e and other journals.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"Oxford University Press, USA","offers":[{"title":"Hardcover","offer_id":40189590143091,"sku":"9.78019E+12","price":120.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/products\/img_bf9013ae-bd54-4b1e-bc6f-fd4fcbc29027.jpg?v=1655816830","url":"https:\/\/bookstorenmore.com\/products\/asset-pricing-and-portfolio-choice-theory-9780190241148","provider":"Bookstore N More","version":"1.0","type":"link"}