Derivation of the Capital Asset Pricing Model without Normality or Quadratic Preference: A Note
Derivation of the capital asset pricing model requires various assumptions including normality or quadratic preference. The objective of this note is to show that the normality or quadratic preference assumption can be replaced by the fair game condition that assets' residual returns have zero...
محفوظ في:
| المؤلف الرئيسي: | |
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| التنسيق: | text |
| اللغة: | English |
| منشور في: |
Institutional Knowledge at Singapore Management University
1985
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| الموضوعات: | |
| الوصول للمادة أونلاين: | https://ink.library.smu.edu.sg/soa_research/728 http://www.jstor.org/stable/2328128 |
| الوسوم: |
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| المؤسسة: | Singapore Management University |
| اللغة: | English |