Adequate Decision Rules For Portfolio Choice Problems
Author(s)
Thilo Goodall
Thilo Goodall
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.
| Name in long format: | Adequate-decision-rules-for-portfolio-choice-problems |
|---|---|
| ISBN-10: | 0230562450 |
| ISBN-13: | 9780230562455 |
| Book language: | en |
| Publisher: | Palgrave Macmillan |
