Adequate Decision Rules for Portfolio Choice Problems PDF
by T. Goodall
Part of the Finance and Capital Markets Series series
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Description
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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- Format:PDF
- Publisher:Palgrave Macmillan UK
- Publication Date:17/12/2015
- Category:
- ISBN:9781403907318
Information
-
Download Now
- Format:PDF
- Publisher:Palgrave Macmillan UK
- Publication Date:17/12/2015
- Category:
- ISBN:9781403907318
