Professional Finance & Investing, Securities, Economics, Mathematics, Industries - General & Miscellaneous, Mathematical Modeling, Economics - Mathematical & Quanitative Methods
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Overview
The author presents the theory of portfolio choice from a new perspective, recommending decision rules that have advantages over those currently used in theory and practice. Portfolio choice theory relies on expected values. Goodall argues that this dependence has a historical basis and argues that current decision rules are inadequate for most portfolio choice situations. Drawing on econometric solutions proposed for the problem of forecasting outcomes of a chance experiment, the author defines adequacy criteria, and proposes adequate decision rules for a variety of situations.Book Details
Published
April 30, 2002
Publisher
Palgrave Macmillan
ISBN
9780230562455