Opis: Adequate Decision Rules For Portfolio Choice Problems - Thilo Goodall, 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. Goodall's theory combines the problems of prediction and choice, and formulates solutions based on cost functions that fit the underlying decision situation.Introduction Risk and decision Analysis of prominent decision rules Adequate decision rules for portfolio choice Conclusion

Szczegóły: Adequate Decision Rules For Portfolio Choice Problems - Thilo Goodall, Goodall

Tytuł: Adequate Decision Rules For Portfolio Choice Problems
Autor: Thilo Goodall, Goodall
Producent: Palgrave Macmillan
ISBN: 9780333994320
Rok produkcji: 2002
Ilość stron: 128
Oprawa: Twarda
Waga: 0.33 kg

Recenzje: Adequate Decision Rules For Portfolio Choice Problems - Thilo Goodall, Goodall