Discussion of the theory that market prices of capital assets will adjust so that the predicted risk of each efficient portfolio's rate of return is linearly related to its predicted expected rate of return.
Sharpe, William F., Risk-Aversion in the Stock Market: Some Empirical Evidence. Santa Monica, CA: RAND Corporation, 1965. https://www.rand.org/pubs/papers/P3084.html.
Sharpe, William F., Risk-Aversion in the Stock Market: Some Empirical Evidence, Santa Monica, Calif.: RAND Corporation, P-3084, 1965. As of January 12, 2022: https://www.rand.org/pubs/papers/P3084.html