Adequate Decision Rules for Portfolio Choice Problems [Repost]

Posted By: Free butterfly

Adequate Decision Rules for Portfolio Choice Problems (Finance and Capital Markets Series) by Dr Thilo Goodall
English | 30 Apr. 2002 | ISBN: 0333994329 | 128 Pages | PDF | 3 MB

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.