Higher-Moment Asset Pricing and Environmental Economics
27 Pages Posted: 13 Jun 2018
Date Written: May 31, 2018
This essay presents higher-moment asset pricing, a generalized approach to finance that combines a mathematically informed understanding of economic fundamentals with psychologically and biologically inspired behavioral insights. It ultimately seeks to apply higher-moment asset pricing to a wide range of valuation and decisionmaking problems in environmental economics.
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