Abstract

http://ssrn.com/abstract=203109
 
 

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Three Centuries Of Asset Pricing


Elroy Dimson


London Business School; University of Cambridge - Judge Business School

Massoud Mussavian


Cantab Capital Partners


As Published in Journal of Banking & Finance, Vol. 23, 1999

Abstract:     
Theory on the pricing of financial assets can be traced back to Bernoulli's famous St. Petersburg paper of 1738. Since then, research into asset pricing and derivative valuation has been influenced by a couple of dozen major contributions published during the twentieth century. These seminal works have underpinned the key ideas of mean-variance optimisation, equilibrium analysis and no-arbitrage arguments. This paper presents a historical review of these important contributions to finance.

JEL Classification: B00, G11, G12, G13

Accepted Paper Series


Not Available For Download

Date posted: January 11, 2000  

Suggested Citation

Dimson, Elroy and Mussavian, Massoud, Three Centuries Of Asset Pricing. As Published in Journal of Banking & Finance, Vol. 23, 1999. Available at SSRN: http://ssrn.com/abstract=203109

Contact Information

Elroy Dimson (Contact Author)
London Business School ( email )
Sussex Place
Regent's Park
London, NW1 4SA
United Kingdom
44 20 7000 7000 (Phone)
44 700 607 7390 (Fax)
HOME PAGE: http://www.london.edu/faculty/edimson
University of Cambridge - Judge Business School
Trumpington Street
Cambridge, CB2 1AG
United Kingdom
Massoud Mussavian
Cantab Capital Partners ( email )
City House
126-130 Hills Road
Cambridge, CB2 1RE
United Kingdom
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