Asset Pricing: Risk-Neutral Measure and State Prices

Related lectures (32)

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Explains the determination of equilibrium state prices in asset pricing through consumption market clearing and budget constraints.

Explores risk aversion, utility functions, and asset pricing theory, including classic models and the Kreps-Porteus-Epstein-Zin utility function.

Explores utility functions and risk management in asset pricing under uncertainty.

Explores expected utility, risk-aversion, insurance premiums, and portfolio choice in asset pricing.

Explores the optimal betting strategy in a dynamic programming gambling problem, emphasizing risk preference impact.

Explores the Equity Premium Puzzle and its macrofinance implications.

Explores the fundamental theorem of asset pricing and the concept of state prices and risk-neutral measures.

Explores asset pricing puzzles, risk-return dynamics, and utility models in financial economics.

Series covers asset pricing theories, mean-variance optimization, state prices, and risk-neutral measures.

Explores expected utility theory, risk-aversion, utility functions, and decision-making under uncertainty.