Reviewed by Andy Smith Modern portfolio theory (MPT) and behavioral finance represent differing schools of thought that ...

The efficient market hypothesis is based on the notion that prices for securities or assets in a market are always reflective of all information available to investors. The efficient market ...

For more than a century, UChicago scholars’ groundbreaking theories have redefined the field of economics—from Milton Friedman’s ideas on monetary policy and Gary Becker’s theory of human capital to ...

Our finance research center builds on a deep and distinguished tradition represented by the seminal contributions and intellectual and personal leadership provided by Eugene Fama and Merton Miller.

Embracing the passive investing philosophy of John Bogle and the factor investing method of Eugene Fama and Kenneth French, Tony offers insights into portfolio management, investment selection and ...

SMB is one of the foundational components of the Fama-French model, which expands on the traditional Capital Asset Pricing Model (CAPM) by incorporating additional variables to better explain ...