Econophysics and Capital Asset Pricing: Splitting the Atom of Systematic Risk

by James Ming Chen

Book Overview

This book rehabilitates beta as a definition of systemic risk by using particle physics to evaluate discrete components of financial risk. Much of the frustration with beta stems from the failure to disaggregate its discrete components; conventional beta is often treated as if it were "atomic" in the original Greek sense: uncut and indivisible. By analogy to the Standard Model of particle physics theory's three generations of matter and the three-way...

• Format: Hardcover
• Language: English
• ISBN: 331963464X
• ISBN13: 9783319634647
• Release Date: October 2017
• Publisher: Palgrave MacMillan
• Length: 287 Pages
• Weight: 1.13 lbs.
• Dimensions: 0.7" x 5.8" x 8.3"