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I provide a review of the history of Modern Portfolio Theory and a perspective on the Capital Asset Pricing Model …
Persistent link: https://www.econbiz.de/10012724703
This is a presentation I gave to the Society of Quantitative Analysts in 2003 in New York City. It is a breif summary of my 2003 paper, quot;The Treynor Capital Asset Pricing Modelquot;, which appeared in the Journal of Investment Management (Vol.1, No. 2)
Persistent link: https://www.econbiz.de/10012724789
manuscripts - quot;Market Value, Time, and Riskquot;, Treynor (1961), and quot;Toward a Theory of Market Value of Risky Assetsquot …
Persistent link: https://www.econbiz.de/10012786391
reproduction reminiscent of the days prior to the invention of photocopy machines and modern portfolio theory. Unfortunately, I … compares the Craig French version to the version in Robert Korajczyk's book, Asset Pricing and Portfolio Performance, Risk …
Persistent link: https://www.econbiz.de/10012708135
After the global financial crisis, there is greater awareness of the need to understand the interactions between the financial sector and the real economy and hence the potential for financial instability.  Data from the financial flow of funds, previously relatively neglected, are now seen as...
Persistent link: https://www.econbiz.de/10011004428
ideal commodity bundle. Irving Fisher also developed and advocated the impatience theory of interest. But in OLG economies …
Persistent link: https://www.econbiz.de/10005587097
Nicholas Georgescu-Roegen’s theory. The great economist had tried to convince us that the problems we face are complex and …
Persistent link: https://www.econbiz.de/10010936432
A half-century of empirical work on the factor proportions theory has identified "paradoxes" and "mysteries", but has … failed to devise simple amendments that bring theory and data inot reasonable congruence. Our study considers standard and … by this data, suffice for a striking confirmation of the HOV theory. Countries export the services of abundant factors …
Persistent link: https://www.econbiz.de/10005245676
As this terse historical sketch should make clear, Bohm-Bawker's concern in The Positive Theory was to explain the … convenient in discussing his theory. The Basic Model is designed to explain the rate of interest in the long -run equilibrium of …
Persistent link: https://www.econbiz.de/10005779294
This paper deals with some elements of Machiavelli's theory of political action and its relation with tragedy and …
Persistent link: https://www.econbiz.de/10005641270