经济
资产(计算机安全)
资本资产定价模型
首都(建筑)
金融经济学
基于消费的资本资产定价模型
货币经济学
地理
计算机科学
计算机安全
考古
出处
期刊:Econometrica
[Wiley]
日期:1966-10-01
卷期号:34 (4): 768-768
被引量:3560
摘要
This paper investigates the properties of a for risky assets on the basis of a simple model of general equilibrium of exchange, where individual investors seek to maximize preference functions over expected yield and variance of yield on their port- folios. A theory of risk premiums is outlined, and it is shown that general equilibrium implies the existence of a so-called market line, relating per dollar expected yield and standard deviation of yield. The concept of price of risk is discussed in terms of the slope of this line.
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