Capital Asset Pricing Model in the 21st Century

Discover the intriguing intersection of behavioral economics and classical finance in Haim Levy's insightful book, Capital Asset Pricing Model in the 21st Century, published by Cambridge University Press in 2011. Spanning 456 pages, this comprehensive work addresses the apparent contradictions between the Capital Asset Pricing Model (CAPM) and behavioral finance, particularly for educators navigating both fields.

Levy expertly bridges the gap between prospect theory and traditional financial models, demonstrating that these concepts can coexist harmoniously. This book is an essential read for finance professionals, academics, and students seeking a deeper understanding of how modern theories can enhance classical models. Whether you're teaching or studying finance, this engaging exploration will enrich your perspective on capital asset pricing in today's ever-evolving economic landscape.