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I don't understand what those people leaving bad reviews really want from an asset pricing book. It's sad that the average review is lower than 4 so far. For those guys who want to find some cookbook for asset pricing, I should say: it's not suitable for you, but it doesn't mean it's not good.This is definitely the best asset pricing book I've ever read. I want to give it a 10 out of 5. It tries to put all the asset pricing issues in a single framework, which makes the topic much more interesting and much easier to understand. It is a very useful book for the finance academicians. I became a fan of John Cochrane because of this book.
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Asset Pricing
John H. Cochrane
June 12, 2000
1
Acknowledgments This book owes an enormous intellectual debt to Lars Hansen and Gene Fama. Most of the ideas in the book developed from long discussions with each of them, and trying to make sense of what each was saying in the language of the other. I am also grateful to all my colleagues in Finance and Economics at the University of Chicago, and to George Constantinides especially, for many discussions about the ideas in this book. I thank George Constantinides, Andrea Eisfeldt, Gene Fama, Wayne Ferson, Owen Lamont, Anthony Lynch, Dan Nelson, Alberto Pozzolo, Michael Roberts, Juha Seppala, Mike Stutzer, Pietro Veronesi, an anonymous reviewer, and several generations of Ph.D. students at the University of Chicago for many useful comments. I thank the NSF and the Graduate School of Business for research support. Additional material and both substantive and typographical corrections will be maintained at http://www-gsb.uchicago.edu/fac/john.cochrane/research/papers c John H. Comments and suggestions are most welcome This book draft is copyright ° Cochrane 1997, 1998, 1999, 2000 John H. Cochrane Graduate School of Business University of Chicago 1101