Search Result

Search within results (((CHEN Yan-bin[Author]) AND 1[Journal]) AND year[Order]) AND OR NOT Title Author Institution Keyword Abstract PACS DOI Please wait a minute... For Selected: Download Citations EndNote Ris BibTeX Toggle Thumbnails Select Behavior of Investor, Risk and Development of Asset Pricing Theory CHEN Yan-bin Teaching and Research    2005, (2): 62-68.   Abstract （1142）      PDF（pc） （2721KB）（1676）       Knowledge map    Save Asset pricing theory is the core of finance. The investor participates in the asset market and decides on the optimal consumption and asset holdings according to the asset risk. Thus, a general equilibrium is realized. This paper studies the development of asset pricing theory from the point of view of the investor’s behavior and risk, and identifies three developmental stages of the asset pricing theory since the 1950s, namely, the portfolio choice theory, traditional asset pricing theory, and behavior asset pricing theory. Detailed analyses of the investor’s behavior and risk at the three stages are also offered. Reference | Related Articles | Metrics | Comments（0）