# Consumption, Wealth, and Indebtedness in the Context of Uncertainty: The Consumption Function Meets Portfolio Theory

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In this study, we test whether the Consumption Capital Asset Pricing Model (CCAPM) is superior to the Capital Asset Pricing Model (CAPM) in explaining portfolio returns in the Nigerian capital market. The data collected for the study ranged from the third quarter (Q3) of year 2000 to the fourth...

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Despite the criticisms directed at the capital asset pricing model, the method of this model and the assumptions underlying it, this model still remains a powerful tool for analysis. It is used by the specialized agencies in the financial services and managers to predict the rates of return that...

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I develop an agency model where returns-chasing behavior by mutual fund investors causes beta not to be priced to the degree predicted by the standard CAPM. Mutual fund investors chase returns through time, precipitating unusually large aggregate cash inflows into mutual funds just after...

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This paper considers a robust-based random fuzzy mean-variance portfolio selection problem using a fuzzy reasoning method, particularly a single input type fuzzy reasoning method. Capital Asset Pricing Model is introduced as a future return of each security, and the market portfolio is assumed...

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The article reports on the virtues of parameter preference models in portfolio choice. Parameter preference models have empirical content and mean variance (MV) versions which are used in applied models of financial theory. MV efficiency is the optimal strategy for when asset prices follow a...