UID:
almahu_9947919459902882
Format:
XIII, 114 p.
,
online resource.
ISBN:
9781403907318
Series Statement:
Finance and Capital Markets Series
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.
In:
Springer eBooks
Additional Edition:
Printed edition: ISBN 9781349432349
Language:
English
DOI:
10.1057/9781403907318
URL:
http://dx.doi.org/10.1057/9781403907318
