- Source: Neoclassical finance
Neoclassical finance is an approach within finance, developing since the mid-1960s, which holds that markets are efficient, and that prices will thus tend to equilibrium and be "rational";
and asset pricing models must then reflect these.
It may be contrasted with, for example, behavioral finance which is based on differing, less idealized, assumptions regarding markets and investors.
It built on earlier developments such as the Austrian School of economics, and cross-fertilized with atomic physics (see state price) and other heavily quantitative disciplines.
See also
Financial economics and particularly, #Arbitrage-free pricing and equilibrium
Neoclassical economics
Fundamental theorem of asset pricing
Modern portfolio theory
Post-modern portfolio theory
Stephen Ross
References
Neoclassical Finance; Stephen A. Ross at press.princeton.edu
Kata Kunci Pencarian:
- Sejarah teori ekonomi
- Sejarah pemikiran ekonomi makro
- Neoclassical finance
- Stephen Ross (economist)
- Neoclassical economics
- Neoclassical synthesis
- Finance
- Mathematical finance
- Behavioral economics
- Financial risk management
- Steve Keen
- Finance capitalism
