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Adequate Decision Rules for Portfolio Choice Problems

Autor T. Goodall
en Limba Engleză Hardback – 30 apr 2002
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.
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Specificații

ISBN-13: 9780333994320
ISBN-10: 0333994329
Pagini: 114
Ilustrații: XIII, 114 p.
Dimensiuni: 154 x 247 x 11 mm
Greutate: 0.33 kg
Ediția:2002 edition
Editura: Palgrave Macmillan UK
Locul publicării:London, United Kingdom

Cuprins

Introduction Risk and decision Analysis of prominent decision rules Adequate decision rules for portfolio choice Conclusion

Notă biografică

THILO GOODALL holds a PhD from the University of Freiburg (Germany) and is currently with SAM Sustainable Asset Management in Switzerland.