An instant may matter for the course of an entire life. It is with this idea that the present research had its inception. High frequency financial data are becoming increasingly available and this has triggered research in financial econometrics where information at high frequency can be...

Acknowledgments -- Portfolio theory and management : an overview / H. Kent Baker and Greg Filbeck -- Portfolio theory and asset pricing -- Modern portfolio theory / Eric Jacquier -- Asset pricing theories, models, and tests / Nikolay Gospodinov and Cesare Robotti -- Asset pricing and behavioral...