Adequate Decision Rules For Portfolio Choice Problems -

Adequate Decision Rules For Portfolio Choice Problems
4.00 Oceń książkę!

Autor: ...

Wydawnictwo: Palgrave Macmillan
ISBN: 0333994329
EAN:
Format: ...
Oprawa: twarda
Stron: 128
Data wydania: 2002-12-11
Gdzie kupić tanią książkę?
Merlin
książka
753.99zł
Kup książkę
Książka w Twoim domu w ciągu 48h
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.

Goodall's theory combines the problems of prediction and choice, and formulates solutions based on cost functions that fit the underlying decision situation.

Książka "Adequate Decision Rules For Portfolio Choice Problems"