Description: Adequate Decision Rules for Portfolio Choice Problems Please note: this item is printed on demand and will take extra time before it can be dispatched to you (up to 20 working days). Author(s): T. Goodall Format: Paperback Publisher: Palgrave Macmillan, United Kingdom Imprint: Palgrave Macmillan ISBN-13: 9781349432349, 978-1349432349 Synopsis 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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Book Title: Adequate Decision Rules for Portfolio Choice Problems
Number of Pages: 114 Pages
Publication Name: Adequate Decision Rules for Portfolio Choice Problems
Language: English
Publisher: Palgrave Macmillan
Item Height: 216 mm
Subject: Government, Finance, Business
Publication Year: 2002
Type: Textbook
Item Weight: 178 g
Author: T. Goodall
Item Width: 140 mm
Series: Finance and Capital Markets Series
Format: Paperback