Continuous-time Asset Pricing Theory A Martingale-based Approach - Robert A. Jarrow

Asset Pricing Theory Yields Deep Insights Into Crucial Market Phenomena Such As Stock Market Bubbles. Now In A Newly Revised And Updated Edition, This Textbook Guides The Reader Through This Theory And Its Applications To Markets. The New Edition Features New Results On State Dependent Preferences, A Characterization Of Market Efficiency Anda More General Presentation Of Multiple-factor Models Using Only The Assumptions Of No Arbitrage And No Dominance.taking An Innovative Approach Based On Martingales, The Book Presents Advanced Techniques Of Mathematical Finance In A Business And Economics Context, Covering A Range Of Relevant Topics Such As Derivatives Pricing And Hedging, Systematic Risk, Portfolio Optimization, Market Efficiency, And Equilibrium Pricing Models.