Yun Wang
Abstract
Based on the summary of the entire framework of financial asset pricing theory,this paper compared the capital asset pricing model(CAPM),behavior asset pricing model(BAPM) and heterogeneous beliefs asset pricing model,and analyzed their application in China's stock market.
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Based on the summary of the entire framework of financial asset pricing theory,this paper compared the capital asset pricing model(CAPM),behavior asset pricing model(BAPM) and heterogeneous beliefs asset pricing model,and analyzed their application in China's stock market.
Key concepts: Capital asset pricing model, Consumption-based capital asset pricing model, Arbitrage pricing theory, Investment theory, Security market line, Financial economics, Rational pricing, Business