Two Paradigms and Nobel Prizes in Economics: A Contradiction or Coexistence?

Research, Article, Preprint English OPEN
Levy, Haim ; De Giorgi, Enrico ; Hens, Thorsten (2012)

Markowitz and Sharpe won the Nobel Prize in Economics more than a decade ago for the development of Mean-Variance analysis and the Capital Asset Pricing Model (CAPM). In the year 2002, Kahneman won the Nobel Prize in Economics for the development of Prospect Theory. Can... View more
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