Usually in financial textbooks and courses the theory of portfolio selection is taught in a strictly theoretical way …, given her preference curves and an efficient frontier. On the other hand, the Capital Asset Pricing Model (CAPM) is … practitioners conclude that those models are just inapplicable theory. This is the most rational behavior one can expect. What can …

and to discuss the implications for economic theory with respect to market efficiency and option pricing. …

a general risk indicator, and to multi-scale CAPM portfolio theory as a systematic risk indicator. In the study …In this study, variance changing to the scale and multi-scale Capital Asset Pricing Model (CAPM) is tested by Wavelets …). In multi-scale CAPM, it is determined that systematic risk of all stocks is changed to frequency (scale) and increased at …

Capital Asset Pricing Model (CAPM) predicts that expected returns on securities are a positive linear function of their … controversy regarding the empirical validity of CAPM. The present research paper is an empirical assessment of this financial …

(SDR) term structure consistent with both the (augmented) Ramsey rule and the consumption-based CAPM. Using this approach …