effects among assets on the one hand with asset allocation and asset pricing theory on the other hand. Based on the ample …

illusionary alpha result, is based on a zero set for CAPM with Lebesgue measure zero. So conclusions based on the assumption may …

under ambiguity, called Shadow probability theory, a generalization of the Choquet expected utility. In this model … space. Risk and risk attitude, on the other hand, apply to the subordinated space, as in classical expected utility theory … the classical asset pricing theory by incorporating ambiguous probabilities. It proposes a well defined ambiguity premium …