Items related to Econometric Evaluation of Asset Pricing Models (Classic...
Synopsis
Excerpt from Econometric Evaluation of Asset Pricing Models
Thus a stochastic discount factor m discounts payoffs in each state of the world and, as a consequence, adjusts the price according to the riskiness of the payoff. From the vantage point of an empirical analysis, we envision the stochastic discount factor as the vehicle linking a theoretical model to observable implications.
"synopsis" may belong to another edition of this title.
About the Author
Lars Peter Hansen is Homer J. Livingston Distinguished Service Professor of Economics at the University of Chicago. Professors Dewatripont, Hansen and Turnovsky are Fellows of the Econometric Society and were Program Co-Chairs of the Eighth World Congress of the Econometric Society, held in Seattle, Washington, in August 2000.
"About this title" may belong to another edition of this title.
- PublisherForgotten Books
- Publication date2018
- ISBN 10 133027833X
- ISBN 13 9781330278338
- BindingPaperback
- LanguageEnglish
- Number of pages72
Buy New
View this item
US$ 16.05
FREE shipping from United Kingdom to U.S.A.
Destination, rates & speedsOther Popular Editions of the Same Title
Search results for Econometric Evaluation of Asset Pricing Models (Classic...
Seller Image
Econometric Evaluation of Asset Pricing Models: August, 1993 (Classic Reprint)
Print on DemandSeller: Forgotten Books, London, United Kingdom
Seller rating 5 out of 5 stars
Paperback. Condition: New. Print on Demand. This book offers advanced econometric techniques for evaluating and improving asset pricing models while considering the impact of market frictions and imperfections. It begins by presenting a theoretical framework for understanding the relationship between asset prices and stochastic discount factors, emphasizing the role of short-sale constraints and proportional transaction costs. The author develops two types of boundsâ"volatility and specification-errorâ"which quantify the potential pricing errors associated with a given model. These econometric tools allow researchers to assess the performance of asset pricing models and to identify areas where improvements can be made. The book also provides guidance on how to test specific models of the discount factor and how to estimate the parameters of parameterized families of models. By providing a comprehensive framework for evaluating asset pricing models, this book advances the field of econometrics and offers valuable insights for researchers and practitioners interested in improving the accuracy and reliability of financial models. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330278338_0
Quantity: Over 20 available
Stock Image
Econometric Evaluation of Asset Pricing Models August, 1993 Classic Reprint
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
Seller rating 5 out of 5 stars
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330278338
Quantity: 15 available
Stock Image
Econometric Evaluation of Asset Pricing Models August, 1993 Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
Seller rating 4 out of 5 stars
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330278338
Quantity: 15 available
Stock Image
Econometric Evaluation of Asset Pricing Models: August, 1993 (Classic Reprint)
Seller: Revaluation Books, Exeter, United Kingdom
Seller rating 5 out of 5 stars
Paperback. Condition: Brand New. 72 pages. 9.00x6.00x0.17 inches. In Stock. Seller Inventory # __133027833X
Quantity: 1 available
Stock Image
Econometric Evaluation of Asset Pricing Models: August, 1993 (Classic Reprint)
Print on DemandSeller: Revaluation Books, Exeter, United Kingdom
Seller rating 5 out of 5 stars
Paperback. Condition: Brand New. 72 pages. 9.00x6.00x0.17 inches. This item is printed on demand. Seller Inventory # zk133027833X
Quantity: 1 available
Seller Image
ECONOMETRIC EVALUATION OF ASSE
Seller: moluna, Greven, Germany
Seller rating 5 out of 5 stars
Condition: New. KlappentextrnrnExcerpt from Econometric Evaluation of Asset Pricing Models: August, 1993Thus a stochastic discount factor m discounts payoffs in each state of the world and, as a consequence, adjusts the price according to the riskiness . Seller Inventory # 2147745918
Quantity: Over 20 available