{"product_id":"asset-pricing-a-structural-theory-and-its-applications","title":"Asset Pricing: A Structural Theory And Its Applications","description":"Modern asset pricing models play a central role in finance and economic theory and applications. This book introduces a structural theory to evaluate these asset pricing models and throws light on the existence of Equity Premium Puzzle. Based on the structural theory, some algebraic (valuation-preserving) operations are developed in asset spaces and pricing kernel spaces. This has a very important implication leading to practical guidance in portfolio management and asset allocation in the global financial industry. The book also covers topics, such as the role of over-confidence in asset pricing modeling, relationship of the portfolio insurance with option and consumption-based asset pricing models, etc.","brand":"World Scientific Publishing Co Pte Ltd","offers":[{"title":"Default Title","offer_id":54255099707736,"sku":"9789812704559","price":77.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0278\/1295\/4195\/files\/9789812704559_04c4ab92-c8ab-46a9-9922-7636ff974716.jpg?v=1777237220","url":"https:\/\/agendabookshop.com\/products\/asset-pricing-a-structural-theory-and-its-applications","provider":"Agenda Bookshop","version":"1.0","type":"link"}