Format:
1 Online-Ressource (xiii, 114 Seiten)
,
Diagramme
ISBN:
9781403907318
Series Statement:
Finance and capital markets
Content:
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
Additional Edition:
Erscheint auch als Druck-Ausgabe, Paperback ISBN 978-1-349-43234-9
Additional Edition:
Erscheint auch als Druck-Ausgabe, Hardcover ISBN 978-0-333-99432-0
Language:
English
Subjects:
Economics
Keywords:
Portfolio Selection
;
Entscheidungsmodell
;
Hochschulschrift
DOI:
10.1057/9781403907318
URL:
Volltext
(URL des Erstveröffentlichers)
URL:
Volltext
(Deutschlandweit zugänglich)
Author information:
Goodall, Thilo 1965-
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