Why Those Guys Won the Economics Nobels
Harvard Business Review
APRIL 2, 2014
And that’s what these guys [the 2013 Nobel winners] did. It feels like it’s got a little bit of Kahneman and Tversky in it. The capital asset pricing model was supposed to allow companies to calculate their cost of capital in a consistent way. Steve Ross , who was at Yale and now is at MIT, he did the basic theory.
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