Thilo Goodall – Adequate Decision Rules for the Portfolio Choice Problems
Thilo Goodall – Adequate Decision Rules for the Portfolio Choice Problems
Thilo Goodall – Adequate Decision Rules for the Portfolio Choice Problems
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Description
THILO GOODALL – ADEQUATE DECISION RULES FOR THE PORTFOLIO CHOICE PROBLEMS
The author suggests decision rules that have advantages over those currently used in theory and practice for portfolio choice. Portfolio choice theory is based on expected values. Current decision rules are inadequate for most portfolio choice situations and this dependence has a historical basis. Drawing on econometric solutions proposed for the problem of forecasting outcomes of a chance experiment, the author proposes adequate decision rules for a variety of situations. The problem of prediction and choice is combined with the problem of cost functions to come up with solutions.
Thilo Goodall has Adequate Decision Rules for the Portfolio Choice Problems.
Adequate Decision Rules for the Portfolio Choice Problems is a review of Adequate Decision Rules for the Portfolio Choice Problems.
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