Definitions for "Arbitrage Pricing Theory"
APT. An alternative asset pricing model to the Capital Asset Pricing Model....
A theory that if an investor earns a higher-than-normal return, then that is because he/she is accepting a higher-than-normal risk.
A valuation method which is theoretically sound but which is difficult to apply in practice.... more on: Arbitrage pricing theory
Keywords:  averaging
arbitrageur averaging