Asset Pricing: Revised Edition [Audiobook] download free by John H. Cochrane

Asset Pricing: Revised Edition Audiobook download free by John H. Cochrane
  • Listen audiobook: Asset Pricing: Revised Edition
  • Author: John H. Cochrane
  • Release date: 2011/1/16
  • Language: English
  • Genre or Collection: Business, Finance and Law
  • ISBN: 9780691121376
  • Rating: 7.75 of 10
  • Votes: 170
  • Review by: Eugene Schmid
  • Review rating: 9.8 of 10
  • Review Date: 2018/10/28
  • Duration: 6H53M14S in 256 kbps (112 MB)
  • Date of creation of the audiobook: 2018-08-28
  • You can listen to this audiobook in formats: MPEG-4 DST, FLAC, MPEG4, WAV, MP3, WMA (compression EML, TZO, RAR, 7-ZIP, ZIP)
  • Total pages original book: 560
  • Includes a PDF summary of 53 pages
  • Duration of the summary (audio): 39M22S (10.6 MB)
  • Description or summary of the audiobook: Winner of the prestigious Paul A. Samuelson Award for scholarly writing on lifelong financial security, John Cochrane's Asset Pricing now appears in a revised edition that unifies and brings the science of asset pricing up to date for advanced students and professionals. Cochrane traces the pricing of all assets back to a single idea-price equals expected discounted payoff-that captures the macro-economic risks underlying each security's value. By using a single, stochastic discount factor rather than a separate set of tricks for each asset class, Cochrane builds a unified account of modern asset pricing. He presents applications to stocks, bonds, and options. Each model-consumption based, CAPM, multifactor, term structure, and option pricing-is derived as a different specification of the discounted factor. The discount factor framework also leads to a state-space geometry for mean-variance frontiers and asset pricing models. It puts payoffs in different states of nature on the axes rather than mean and variance of return, leading to a new and conveniently linear geometrical representation of asset pricing ideas.Cochrane approaches empirical work with the Generalized Method of Moments, which studies sample average prices and discounted payoffs to determine whether price does equal expected discounted payoff. He translates between the discount factor, GMM, and state-space language and the beta, mean-variance, and regression language common in empirical work and earlier theory. The book also includes a review of recent empirical work on return predictability, value and other puzzles in the cross section, and equity premium puzzles and their resolution. Written to be a summary for academics and professionals as well as a textbook, this book condenses and advances recent scholarship in financial economics.
  • Other categories, genre or collection: Finance, Investment & Securities
  • Download servers: 4Shared, Mediafire, Torrent Downloads, Google Drive, Microsoft OneDrive, Waistra, Hotfile, Uploaded. Compressed in EML, TZO, RAR, 7-ZIP, ZIP
  • Format: Hardback
  • Approximate value: 61.33 USD
  • Dimensions: 165.61x234.19x39.88mm
  • Weight: 907g
  • Printed by: Not Available
  • Published in: New Jersey, United States

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