Identify and briefly discuss three criticisms of beta as used in the capital asset pricing model

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Answer 1
The main issues concerning beta in a capital asset pricing model involve the lack of expertise that often accompanies the beta. Even with experience and standing in the industry, beta can still be wildly off-place even from the most respected of sources. Another big concern is that most beta uses an incomplete data set to assess a pricing model. Simulations are often a better way to collect accurate estimates.
Answer 2
Final answer:

Beta is critiqued on the basis that it relies on historical data to predict future risks, fails to consider market changes, and presumes a consistent risk-reward relationship.

Explanation:

The Capital Asset Pricing Model (CAPM) uses beta to measure the volatility of an asset in relation to the market. However, there are several criticisms of using beta. First, beta assumes that historical volatility predicts future risk, which may not always be accurate as past performance is not always indicative of future results. Second, beta does not account for changing market conditions or structural changes within a firm that may affect its risk profile. Third, it presumes that the risk-reward relationship is linear and consistent, which might not hold in real-world scenarios where asset returns can behave in a more complex manner.

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Answers

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This is true- it is an example of global outsourcing. Global outsourcing is when a company sends jobs to locations across the globe, where they can get away with hiring more workers and paying them less than they would have to in America. They take advantage of the lack of labor laws and human rights.

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Answers

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