This uniquely comprehensive guide provides expert insights into everything from financial mathematics to the practical realities of asset allocation and pricing
In our daily life, almost every family owns a portfolio of assets. This portfolio could contain real assets such as a car, or a house, as well as financial asse
Finance theory can be used to form informative prior beliefs in financial decision-making. This paper approaches portfolio selection in a Bayesian framework tha
This book covers the classical results on single-period, discrete-time, and continuous-time models of portfolio choice and asset pricing. It also treats asymmet