That all sounded wonderful, and that core model and its offshoots dominated financial research for decades. The problem, however, was that it wasn’t true, or at least it wasn’t nearly as true as we had thought and hoped. When financial economists refined the models with more complete specifications, it turned out Beta didn’t predict stock…
Is financial economics still economics?
Is financial economics still economics?
01 Apr 2026 Leave a comment
in applied price theory, econometerics, entrepreneurship, financial economics
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