Robert Haugen was a renowned American economist and finance expert who challenged traditional investment theories. In his book, "Modern Investment Theory," Haugen presented a comprehensive critique of modern portfolio theory (MPT) and proposed an alternative framework for understanding investment decisions.
: In-depth coverage of the Capital Asset Pricing Model (CAPM) , empirical tests of CAPM, and Arbitrage Pricing Theory (APT) .
Robert Haugen’s Modern Investment Theory: A Comprehensive Guide Robert A. Haugen’s Modern Investment Theory