Explores optimal portfolio choice with leverage constraints, the security market line, alpha, empirical evidence, CAPM limitations, APT extensions, and modern finance insights.
Covers derivatives pricing, replication, and interpretation, including examples of call options, forward contracts, and put options.
Explores the Excess Volatility Puzzle in asset pricing, analyzing the relationship between stock prices and dividends, predictability of returns, and implications of risk-aversion.
Covers the binomial model for asset pricing, including options pricing and convergence to the Black-Scholes model.
Delves into probability, statistics, paradoxes, and random variables, showcasing their real-world applications and properties.
