Lecture

Asset Pricing: Theory and Applications

Description

This lecture covers the theory and applications of asset pricing, discussing topics such as equilibrium and Pareto optimality, inelastic markets, mean-variance analysis, Hilbert spaces, factor models, and the Capital Asset Pricing Model. It delves into the concepts of market efficiency, pricing kernels, state prices, Hansen-Jagannathan bounds, and the implications of the absence of arbitrage. The lecture also explores the relationship between risk and return, the efficient frontier, and the conditions for the market portfolio to be efficient.

About this result
This page is automatically generated and may contain information that is not correct, complete, up-to-date, or relevant to your search query. The same applies to every other page on this website. Please make sure to verify the information with EPFL's official sources.