Description
Book SynopsisProvides a concise and powerful account of the underlying principles of modern finance, drawing on a generation of theoretical and empirical advances in the field.
Trade Review"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 Business at the University of California, Los Angeles"
Table of ContentsPREFACE ix CHAPTER ONE: No Arbitrage: The Fundamental Theorem of Finance 1 CHAPTER TWO: Bounding the Pricing Kernel, Asset Pricing, and Complete Markets 22 CHAPTER THREE: Efficient Markets 42 CHAPTER FOUR: A Neoclassical Look at Behavioral Finance: The Closed-End Fund Puzzle 66 BIBLIOGRAPHY 95 INDEX 101
