Journals Higher Education



Published: 01 February 2017

744 Pages

6-1/8 x 9-1/4 inches

ISBN: 9780190241148

Also Available As:


Bookseller Code (06)

Companion website

Asset Pricing and Portfolio Choice Theory

Second Edition

Kerry E. Back

Financial Management Association Survey and Synthesis

  • Comprehensively written introduction for students to asset pricing and portfolio choice theory
  • Contains detailed proofs
  • Includes extensive exercises and a solutions manual for instructors
  • Covers all related topics, including classical results on single-period, discrete-time, and continuous-time models; the equity premium; risk-free rate puzzles; heterogeneous beliefs; asymmetric information; non-expected utility preferences; and production models

New to this Edition:

  • Each chapter has been extensively revised and updated

Also of Interest