November 2013
Beginner
164 pages
3h 46m
English
book
Introduction to R for Quantitative Finance
by Gergely Daróczi, Michael Phule, Edina Berlinger (EURO), Peter Csoka, Daniel Daniel Havran, Marton Michaletzky, Zsolt Tulassay, Kata Váradi, Agnes Vidovics-Dancs, Agnes Vidovics Dancs
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Chapter 3. Asset Pricing Models
Covered in this chapter are the problem of absolute pricing (Cochrane 2005) and how the value of assets with uncertain payments is determined based on their risk. Chapter 2, Portfolio Optimization, modeled the decision-making of an individual investor based on the analysis of the assets' return in a mean variance framework. This chapter focuses on whether or not equilibrium can exist in financial markets, what conditions are needed, and how it can be characterized. Two main approaches—Capital Asset Pricing Model and Arbitrage Pricing Theory—will be presented, which use completely different assumptions and argumentation, but give similar descriptions of the return evolution.
According to the concept of relative pricing ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.