g19ly的博客

Chapter 1Asset Returns1.1 Returns1.1.1 One-period simple returns and gross returns(1.1) Rt=Pt−Pt−1Pt−1R_t=\frac{P_t-P_{t-1}}{P_{t-1}}Rt​=Pt−1​Pt​−Pt−1​​1.1.2 Multiperiod returnsRt(k)=Pt−Pt−kPt−kR_t(k)=\frac{P_t-P_{t-k}}{P_{t-k}}Rt​(k)=Pt−k​Pt​−Pt−k​​

Chap 1 Consumption-Based Model and Overview1.1 Basic Pricing Modela1x2≠eαta_{1}x^{2}\neq e^{\alpha t}a1​x2​=eαt