LEADER 05380nam 2200709 450 001 9910825223803321 005 20200520144314.0 010 $a1-283-28139-2 010 $a9786613281395 010 $a0-08-050902-9 035 $a(CKB)1000000000707349 035 $a(EBL)631913 035 $a(OCoLC)767733580 035 $a(SSID)ssj0000518539 035 $a(PQKBManifestationID)11333255 035 $a(PQKBTitleCode)TC0000518539 035 $a(PQKBWorkID)10495053 035 $a(PQKB)11635139 035 $a(MiAaPQ)EBC4434964 035 $a(MiAaPQ)EBC631913 035 $a(Au-PeEL)EBL4434964 035 $a(CaPaEBR)ebr10502560 035 $a(OCoLC)948393618 035 $a(Au-PeEL)EBL631913 035 $a(CaPaEBR)ebr10104446 035 $a(PPN)242513808 035 $a(EXLCZ)991000000000707349 100 $a20160428h20052005 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aIntermediate financial theory /$fJean-Pierre Danthine, John Donaldson 205 $aSecond edition. 210 1$aAmsterdam, [Netherlands] :$cElsevier,$d2005. 210 4$dİ2005 215 $a1 online resource (391 p.) 225 1 $aAcademic Press Advanced Finance Series 300 $aDescription based upon print version of record. 311 $a0-12-369380-2 320 $aIncludes bibliographical references at the end of each chapters and index. 327 $aPART 1 - Introduction; CHAPTER 1 On the Role of Financial Markets and Institutions; 1.1 Finance: The Time Dimension; 1.2 Desynchronization: The Risk Dimension; 1.3 The Screening and Monitoring Functions of the Financial System; 1.4 The Financial System and Economic Growth; 1.5 Financial Intermediation and the Business Cycle; 1.6 Financial Markets and Social Welfare; 1.7 Conclusion; References; Complementary Readings; Appendix: Introduction to General Equilibrium Theory; Pareto Optimal Allocations; Competitive Equilibrium; CHAPTER 2 The Challenges of Asset Pricing: A Road Map 327 $a2.1 The Main Question of Financial Theory 2.2 Discounting Risky Cash Flows: Various Lines of Attack; 2.3 Two Main Perspectives: Equilibrium versus Arbitrage; 2.4 This Is Not All of Finance!; 2.4.1 Corporate Finance; 2.4.2 Capital Structure; 2.4.3 Taxes and Capital Structure; 2.4.4 Capital Structure and Agency Costs; 2.4.5 The Pecking Order Theory of Investment Financing; 2.5 Conclusions; References; PART 2 - The Demand for Financial Assets; CHAPTER 3 Making Choices in Risky Situations; 3.1 Introduction; 3.2 Choosing Among Risky Prospects: Preliminaries 327 $a3.3 A Prerequisite: Choice Theory Under Certainty 3.4 Choice Theory Under Uncertainty: An Introduction; 3.5 The Expected Utility Theorem; 3.6 How Restrictive Is Expected Utility Theory? The Allais Paradox; 3.7 Generalizing the VNM Expected Utility Representation; 3.7.1 Preference for the Timing of Uncertainty Resolution; 3.7.2 Preferences That Guarantee Time-Consistent Planning; 3.7.3 Preferences Defined over Outcomes Other Than Fundamental Payoffs; 3.7.4 Nonlinear Probability Weights; 3.8 Conclusions; References; CHAPTER 4 Measuring Risk and Risk Aversion; 4.1 Introduction 327 $a4.2 Measuring Risk Aversion 4.3 Interpreting the Measures of Risk Aversion; 4.3.1 Absolute Risk Aversion and the Odds of a Bet; 4.3.2 Relative Risk Aversion in Relation to the Odds of a Bet; 4.3.3 Risk-Neutral Investors; 4.4 Risk Premium and Certainty Equivalence; 4.5 Assessing the Level of Relative Risk Aversion; 4.6 The Concept of Stochastic Dominance; 4.7 Mean Preserving Spreads; 4.8 Conclusions; References; Appendix: Proof of Theorem 4.2; CHAPTER 5 Risk Aversion and Investment Decisions, Part 1; 5.1 Introduction 327 $a5.2 Risk Aversion and Portfolio Allocation: Risk-Free versus Risky Assets 5.2.1 The Canonical Portfolio Problem; 5.2.2 Illustration and Examples; 5.3 Portfolio Composition, Risk Aversion, and Wealth; 5.4 Special Case of Risk-Neutral Investors; 5.5 Risk Aversion and Risky Portfolio Composition; 5.6 Risk Aversion and Savings Behavior; 5.6.1 Savings and the Riskiness of Returns; 5.6.2 Illustrating Prudence; 5.6.3 The Joint Saving-Portfolio Problem; 5.7 Separating Risk and Time Preferences; 5.8 Conclusions; References 327 $aCHAPTER 6 Risk Aversion and Investment Decisions, Part II: Modern Portfolio Theory 330 $aThe second edition of this authoritative textbook continues the tradition of providing clear and concise descriptions of the new and classic concepts in financial theory. The authors keep the theory accessible by requiring very little mathematical background. First edition published by Prentice-Hall in 2001- ISBN 0130174467.The second edition includes new structure emphasizing the distinction between the equilibrium and the arbitrage perspectives on valuation and pricing, as well as a new chapter on asset management for the long term investor. ""This book does admirably... 410 0$aAcademic Press advanced finance series. 606 $aFinance 615 0$aFinance. 676 $a332 700 $aDanthine$b Jean-Pierre$0630217 702 $aDonaldson$b John B. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910825223803321 996 $aIntermediate financial theory$93913603 997 $aUNINA