1 Implementation of the Quasi-equilibrium Tropical Circulation Model 2 (QTCM2): Global 1 simulations and convection sensitivity to free tropospheric moisture 2 3 Benjamin R. Lintner, Gilles Bellon, Adam H. Sobel, Daehyun Kim, J. David Neelin 4 5 6 Submitted to Journal of Advances in Modeling Earth Systems 7 May 29, 2012 8 9 Department of Environmental Sciences, Rutgers, The State University of ...

This paper re-examines the tests of the Sharpe-Lintner Capital Asset Pricing Model (CAPM). The null that the CAPM intercepts are zero is tested for ten size-based stock portfolios and for twenty five book-to-market sorted portfolios using five-year, ten-year and longer sub-periods during 1965-2004. The paper shows that the evidence for rejecting the CAPM on statistical grounds is weaker than th...

Artificial neural networks are used in conjunction with the Sharpe-Linter form of the Capital Asset Pricing Method (CAPM) to predict when the returns on U.S. stocks will be greater than financial risk models would predict. The advantage of using a nonlinear approach is to model the financial system more accurately than linear techniques. The Sharpe-Lintner form is used to control for risk and d...

Financial economists have derived equilibrium asset pricing models such as the Capital Asset Pricing Model (CAPM) of Sharpe (1964) and Lintner (1965) and the consumption-oriented CAPM of Breeden (1979). Subsequent work (e.g., Black, Jensen, and Scholes 1972; Fama and MacBeth 1973; Breeden, Gibbons, and Litzenberger 1989) examined the empirical performance of unconditional versions of these asse...

tropospheric tracers J. David Neelin,, Benjamin R. Lintner,,, Baijun Tian, Qinbin Li,, Li Zhang, Prabir K. Patra, Moustafa T. Chahine, Samuel N. Stechmann,, Dept. of Atmospheric and Oceanic Sciences, University of California, Los Angeles, Los Angeles, California, USA. Inst. of Geophysics and Planetary Physics, University of California, Los Angeles, Los Angeles, California, USA. Jet Propulsion L...

1 Implementation of the Quasi-equilibrium Tropical Circulation Model 2 (QTCM2): Global 1 simulations and convection sensitivity to free tropospheric moisture 2 3 Benjamin R. Lintner, Gilles Bellon, Adam H. Sobel, Daehyun Kim, J. David Neelin 4 5 6 Submitted to Journal of Advances in Modeling Earth Systems 7 October 22, 2012 8 9 Department of Environmental Sciences, Rutgers, The State University...

[1] Regional precipitation anomalies under El Niño or global warming scenarios manifest considerable spatial variability, especially in the vicinity of tropical deep convective zones. Using a simplified set of equations, we develop an analytic prototype of convective margins for tropical land regions subject to inflow from adjacent ocean regions. The approach yields an expression for the locati...

The Sharpe (1964), Lintner (1965) and Black (1972) Capital Asset Pricing Model (CAPM) is considered one of the foundational contributions to the practice of finance. The model postulates that the equilibrium rates of return on all risky assets are a linear function of their covariance with the market portfolio. Recent work by Fama and French (1996, 2006) introduce a Three Factor Model that ques...