Consumption Betas vs Market Betas
Stocks
(and other risky assets)
Wealth = market
portfolio
Market risk
makes wealthuncertain.
Stocks
(and other risky assets)
Consumption
Standard
CAPM
Consumption Betas vs Market Betas
Stocks
(and other risky assets)
Wealth = market
portfolio
Market risk
makes wealthuncertain.
Stocks
(and other risky assets)
Consumption
Standard
CAPM