UID:
almafu_9959237155502883
Format:
1 online resource (xiii, 442 pages) :
,
digital, PDF file(s).
ISBN:
1-139-17974-8
,
1-107-22755-0
,
1-283-38254-7
,
9786613382542
,
1-139-18948-4
,
1-139-01745-4
,
1-139-18818-6
,
1-139-19078-4
,
1-139-18356-7
,
1-139-18588-8
Content:
"Project Theory and the classical models in finance (e.g., the CAPM) seemingly contradict each other, creating a teachin and a research dilemma to professors in finanace and econommics, This tension is particualrly strong for professors who teach both the CAPM and behavioral finance. This book bridges between Prospect Theory and the Classical Models in finance showing that there is no contradictions between them"--
Note:
Title from publisher's bibliographic system (viewed on 05 Oct 2015).
,
Cover; The Capital Asset Pricing Model in the 21st Century; Title; Copyright; Contents; Preface; 1 Introduction; 1.1. THE MEAN-VARIANCE RULE AND THE CAPITAL ASSET PRICING MODEL: OVERVIEW???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
,
1.2. THE INTENSIVE USE OF THE MEAN-VARIANCE AND THE CAPITAL ASSET PRICING MODEL AMONG PRACTITIONERS?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
,
1.3. THE ROLE OF THE MEAN-VARIANCE AND THE CAPITAL ASSET PRICING MODEL IN ACADEMIA??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????1.4. SUMMARY????????????????????????????????????????????????????; 2 Expected Utility Theory; 2.1. INTRODUCTION???????????????????????????????????????????????????????????????????
,
2.2. THE AXIOMS AND EXPECTED UTILITY THEORY?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????a) The Axioms; Axiom 1: Comparability; Axiom 2: Continuity; Axiom 3: Interchangeability; Axiom 4: Transitivity; Axiom 5: Decomposability; Axiom 6: Monotonicity; b) The Expected Utility Principle; 2.3. IS U(A) A PROBABILITY OR A UTILITY?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
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2.4. VARIOUS ATTITUDES TOWARD RISK??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????2.5. PREFERENCE WITH RISK AVERSION AND RISK SEEKING?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????; 2.6. CRITICISMS OF THE EXPECTED UTILITY THEORY??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????; a) Allais Paradox
,
b) Criticism of the Commonly Employed Utility Functions
,
English
Additional Edition:
ISBN 0-521-18651-X
Additional Edition:
ISBN 1-107-00671-6
Language:
English
