This revised edition unifies and brings the science of asset pricing up to date for advanced students and professionals.
"This is a sparkling, intuitive, makes-it-look-easier-than-it really-is, gem of a book . . . Cochrane's focus is the classical asset pricing models of frictionless markets and rational expectations. But the lessons learned are relevant in many empirical contexts. Corhrane's clever intuition and easy, informal writing style make the book a joy to read."--Wayne Ferson, Boston College
"Co-Winner of the 2001 Paul A. Samuelson award"
