“CAPM also makes use of what is called a "definitional identity." This is something that is automatically true, simply because of the way things have been defined.” WayHas BeensUseIdentityDefined Author:Robert Haugen
“When you buy a lottery ticket, you don't know how tickets have been sold. But sold they have been. And there is an underlying distribution for the game.” KnowsHas BeensGamesKnow HowTicketsDistributionLotteryLottery Ticket Author:Robert Haugen
