Incomplete Information And Heterogeneous Beliefs In Continuous-Time Finance (Springer Finance)

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Business and Money ebooks
Series: Springer Finance
Hardcover: 198 pages
Publisher: Springer (April 28, 2003)
Language: English
ISBN-10: 3540003444
ISBN-13: 978-3540003441
Product Dimensions: 6.1 x 0.6 x 9.2 inches
Amazon Rank: 5948429
Format: PDF Text TXT book

After a brief review of the existing incomplete information literature, the effect of incomplete information on investors' exptected utility, risky asset prices, and interest rates is described. It is demonstrated that increasing the quality of investors' information need not increase their expected utility and the prices of risky assets. The impact of other factors is discussed in detail. It is ...

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Incomplete Information And Heterogeneous Beliefs In Continuous-Time Finance (Springer Finance) reviews:

The book has deficiencies that I am sorry to report in the following.The book is about heterogeneous beliefs. Therefore, a discussion of therelevant literature would have been appropriate. Unfortunate...

You have an interesting view of Martha's Vineyard from year-round residents of modest means, rather than the ultra-rich. Enjoyed every minute. Berliner, Provost and Senior Vice President for Academic Affairs, Hofstra University, US `This volume offers a sort of cultural seismography of higher education in the early 21st century.
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