{"product_id":"9781400888221","title":"Financial Decisions and Markets: A Course in Asset Pricing","description":"\u003cp\u003e\u003cb\u003eFrom the field's leading authority, the most authoritative and comprehensive advanced-level textbook on asset pricing\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eFinancial Decisions and  Markets\u003c\/i\u003e, John Campbell, one of the field’s most respected authorities, provides  a broad graduate-level overview of asset pricing. He introduces students to  leading theories of portfolio choice, their implications for asset prices, and  empirical patterns of risk and return in financial markets. Campbell emphasizes  the interplay of theory and evidence, as theorists respond to empirical puzzles  by developing models with new testable implications. The book shows how models  make predictions not only about asset prices but also about investors’  financial positions, and how they often draw on insights from behavioral  economics.  \u003c\/p\u003e \u003cp\u003eAfter a careful introduction to single-period models,  Campbell develops multiperiod models with time-varying discount rates, reviews  the leading approaches to consumption-based asset pricing, and integrates the  study of equities and fixed-income securities. He discusses models with  heterogeneous agents who use financial markets to share their risks, but also  may speculate against one another on the basis of different beliefs or private  information. Campbell takes a broad view of the field, linking asset pricing to  related areas, including financial econometrics, household finance, and  macroeconomics. The textbook works in discrete time throughout, and does not  require stochastic calculus. Problems are provided at the end of each chapter  to challenge students to develop their understanding of the main issues in  financial economics.\u003c\/p\u003e \u003cp\u003eThe most  comprehensive and balanced textbook on asset pricing available, \u003ci\u003eFinancial Decisions and Markets\u003c\/i\u003e is an essential resource for all graduate  students and practitioners in finance and related fields.\u003c\/p\u003e \u003cul\u003e   \u003cli\u003eIntegrated treatment of asset pricing theory and  empirical evidence\u003c\/li\u003e   \u003cli\u003eEmphasis on investors’ decisions\u003c\/li\u003e   \u003cli\u003eBroad view linking the field to financial  econometrics, household finance, and macroeconomics\u003c\/li\u003e   \u003cli\u003eTopics treated in discrete time, with no requirement  for stochastic calculus\u003c\/li\u003e   \u003cli\u003eSolutions manual for problems available to  professors\u003c\/li\u003e \u003c\/ul\u003e","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":47137865728240,"sku":"9781400888221","price":75.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9781400888221_p0.jpg?v=1763713665","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9781400888221","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}