Search results
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Title
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Three Essays on Pricing Kernel in Asset Pricing
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Author
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Cai, Minhao
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Date Created
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2013
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Subjects--Topical
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Finance
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Description
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Pricing Kernel extends concepts from economics and finance to include adjustments for risk. When pricing kernel is given, by non-arbitrage theory, all securities can be priced. Searching for a proper pricing kernel is one of the most important tas...