Overview
Eugene F. Fama is a financial economist (University of Chicago, Booth School), the central figure of the efficient-markets literature and empirical asset pricing, and a 2013 Nobel laureate.
Key Contributions / Features
- Efficient market hypothesis (Fama 1970, and the update Fama 1991): the weak/semi-strong/strong-form taxonomy and the fair-game formalization.
- Fama-French factor models: the three-factor (1993) and five-factor (2015) models of expected stock returns.
- Fama-MacBeth (1973) cross-sectional regression methodology; work on the joint-hypothesis problem and the cross-section of returns.
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