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[统计套利] Incomplete Information and Heterogeneous Beliefs in Continuous-time Finance [分享]

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lasgpope 学生认证  发表于 2015-4-21 15:42:30 |显示全部楼层
After a brief review of the existing incomplete information literature, the effect of incomplete information on investors' exptected utility, risky asset prices, and interest rates is described. It is demonstrated that increasing the quality of investors' information need not increase their expected utility and the prices of risky assets. The impact of other factors is discussed in detail.  It is also demonstrated that financial markets in general do not aggregate information efficiently, a fact that can explain the equity premium puzzle.


Editorial ReviewsReview

From the reviews of the first edition:

"The book is mainly addressed to researchers and graduate students in the fields of economics or finance. However, interested practitioners may also be counted to its target audience. … the book presents an interesting source for those readers interested in the interplay of (micro-) economics and finance, ie. of incomplete information, heterogeneous beliefs and continuous-time financial models." (Klaus Schürger, Zentralblatt MATH, Vol. 1074, 2005)


Product Details
  • Series: Springer Finance
  • Hardcover: 198 pages
  • Publisher: Springer (April 28, 2003)
  • Language: English
  • ISBN-10: 3540003444
  • ISBN-13: 978-3540003441
  • Product Dimensions: 6.1 x 0.6 x 9.2 inches





关键词:information incomplete Informatio Continuous formation literature existing expected increase interest

Incomplete Information and Heterogeneous Beliefs in Continuous-time Finance.pdf

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Springer Finance Series

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fbfidwsa 发表于 2015-4-22 08:09:27 |显示全部楼层
thanks for your sharing
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wengang 发表于 2015-4-25 00:41:21 |显示全部楼层
thanks for your sharing
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buff570301 学生认证  发表于 2015-12-23 15:07:38 |显示全部楼层
thabks for you share,greate
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langmochang 发表于 2019-5-3 14:19:55 |显示全部楼层
https://bbs.pinggu.org/thread-2600772-1-1.html 拿别人免费的来收钱,不太厚道吧
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