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This book criticizes the fact that profitability measures derived from capital market models such as the Sharpe ratio …The present book criticizes the fact that profitability measures derived from capital market models such as the Sharpe …
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This paper investigates how recent changes in market interest rates have affected risk-adjusted returns. Returns are adjusted for duration, a measure of interest rate risk. Prior to the 2007-2008 rate decrease, one-year Treasuries offered the best risk/return tradeoff. As a result of the rate...
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interest. Kahneman and Tversky in 1979 suggested a more accurate description of preferences compared to expected utility theory …
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