The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Sharpe, William F. (Born 1934)

  • Steven N. Durlauf
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2183

Abstract

William Sharpe, 1990 co-winner of the Nobel Prize in economics, is one of the founders of the modern theory of finance. His most famous work involves the development of the capital asset pricing model (CAPM), which is now one of the fundamental tools for understanding equilibrium risk–return relationships for different assets.

Keywords

Capital asset pricing model Euler equations Finance Markowitz, H.M. Mean variance analysis Miller, M. Risk and return Sharpe, W.S. Sharpe ratio Single factor models Single index models 

JEL Classification

B31 
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Bibliography

  1. Varian, H. 1993. A portfolio of Nobel Laureates: Markowitz, Miller, and Sharpe. Journal of Economic Perspectives 7(1): 159–169.CrossRefGoogle Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Steven N. Durlauf
    • 1
  1. 1.