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- Title
The Capital Asset Pricing Model ( CAPM): The History of a Failed Revolutionary Idea in Finance? Comments and Extensions.
- Authors
Moosa, Imad A.
- Abstract
The author discusses the capital assets pricing model (CAPM) of financial market analysis, referring to the article "The Capital Asset Pricing Model (CAPM): The History of a Failed Revolutionary Idea in Finance?" by Michael Dempsey and arguing that the social sciences should be used to study finance as opposed to mathematical econometric modeling. Topics include the efficient marketing hypothesis, the rational expectations hypothesis, data mining, and beta measurements.
- Subjects
CAPITAL assets pricing model; MATHEMATICAL models of finance; DATA mining; EFFICIENT market theory; RATIONAL expectations (Economic theory); BETA (Finance)
- Publication
Abacus, 2013, Vol 49, p62
- ISSN
0001-3072
- Publication type
Opinion
- DOI
10.1111/j.1467-6281.2012.00385.x