It’s the modeling industry’s dirty little secret. After spending their days walking down runways in thousand dollar dresses and hobnobbing with the fashion industry’s biggest names, many young models ...

In the 1960s, Jack Treynor, William F. Sharpe, John Lintner, and Jan Mossin developed the capital asset pricing model (CAPM) to determine the theoretical appropriate rate that an asset should return ...

This paper shows that the empirical tests of the Arbitrage Pricing Theory (APT) model are very sensitive to the anomalies observed in January in the stock returns data. There is a strong seasonal ...