Abstract
In the last chapter we have assumed that investors base their decisions on the mean-variance approach. This helped us to develop a model for pricing assets on a financial market, the CAPM. In this chapter we want to generalize this model in that we relax the assumptions on the preferences of the investors.
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Hens, T., Rieger, M.O. (2007). Two-Period Model: State-Preference Approach. In: Financial Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-36148-0_4
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DOI: https://doi.org/10.1007/978-3-540-36148-0_4
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