Abstract
The primary goal of Stephen Ross’ APT was to relax the implication that every investor chooses the same portfolio. Instead, Ross sought to show that different investors balance a spectrum of possible risks. This relaxation allowed an investor to ameliorate those risks based on his or her individual risk preferences.
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© 2013 Colin Read
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Read, C. (2013). The Theory. In: The Efficient Market Hypothesists. Great Minds in Finance. Palgrave Macmillan, London. https://doi.org/10.1057/9781137292216_19
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DOI: https://doi.org/10.1057/9781137292216_19
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-32435-4
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