How Long to Read Economic Foundation of Asset Price Processes

How Long Does it Take to Read Economic Foundation of Asset Price Processes?

It takes the average reader 2 hours and 1 minute to read Economic Foundation of Asset Price Processes by Erik Paul Lüders

Assuming a reading speed of 250 words per minute. Learn more

Description

In this book the relation between the characteristics of investors' preferences and expectations and equilibrium asset price processes are analysed. It is shown that declining elasticity of the pricing kernel can lead to positive serial correlation of short term asset returns and negative serial correlation of long term returns. Analytical asset price processes are also derived. In contrast to the widely used "empirical" time-series models these processes do not lack a sound economic foundation. Moreover, in contrast to the popular Ornstein Uhlenbeck process and the Constant Elasticity of Variance model the proposed stochastic processes are consistent with a classical representative investor economy.

How long is Economic Foundation of Asset Price Processes?

Economic Foundation of Asset Price Processes by Erik Paul Lüders is 121 pages long, and a total of 30,371 words.

This makes it 41% the length of the average book. It also has 37% more words than the average book.

How Long Does it Take to Read Economic Foundation of Asset Price Processes Aloud?

The average oral reading speed is 183 words per minute. This means it takes 2 hours and 45 minutes to read Economic Foundation of Asset Price Processes aloud.

What Reading Level is Economic Foundation of Asset Price Processes?

Economic Foundation of Asset Price Processes is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Economic Foundation of Asset Price Processes?

Economic Foundation of Asset Price Processes by Erik Paul Lüders is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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