Why Those Guys Won the Economics Nobels
Harvard Business Review
APRIL 2, 2014
Campbell’s work has also made liberal use of the analytic tools developed by Hansen. Back in the ‘60s, people developed the capital asset pricing model [CAPM] as a way to do that. And the theory that was available then was CAPM. It feels like it’s got a little bit of Kahneman and Tversky in it.
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