Bibliograph

The capital asset pricing model in the 21st century, analytical, empirical, and behavioral perspectives, Haim Levy

Type

Label

The capital asset pricing model in the 21st century, analytical, empirical, and behavioral perspectives, Haim Levy

Language

eng

Bibliography note

Includes bibliographical references and indexes

Illustrations

illustrations

Index

index present

Literary Form

non fiction

Main title

The capital asset pricing model in the 21st century

Nature of contents

bibliography

Oclc number

713834689

Responsibility statement

Haim Levy

Sub title

analytical, empirical, and behavioral perspectives

Summary

"Project Theory and the classical models in finance (e.g., the CAPM) seemingly contradict each other, creating a teachin and a research dilemma to professors in finanace and econommics, This tension is particualrly strong for professors who teach both the CAPM and behavioral finance. This book bridges between Prospect Theory and the Classical Models in finance showing that there is no contradictions between them"--, Provided by publisher

Table Of Contents

1. Introduction; 2. Expected utility theory; 3. Expected utility and investment decision rules; 4. The mean-variance rule; 5. The capital asset pricing model (CAPM); 6. Extensions of the CAPM; 7. The CAPM cannot be rejected: empirical and experimental evidence; 8. Theoretical and empirical criticisms of the M-V rule; 9. Prospect theory and expected utility; 10. Cumulative decision weights: no dominance violation; 11. M-V rule, the CAPM, and the cumulative prospect theory: coexistence

Creator