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portada Adequate Decision Rules for Portfolio Choice Problems
Type
Physical Book
Language
English
Pages
114
Format
Paperback
Dimensions
21.6x14x0.8 cm
Weight
0.18 kg.
ISBN13
9781349432349

Adequate Decision Rules for Portfolio Choice Problems

T. Goodall (Author) · Palgrave MacMillan · Paperback

Adequate Decision Rules for Portfolio Choice Problems - Goodall, T.

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Synopsis "Adequate Decision Rules for Portfolio Choice Problems"

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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The binding of this edition is Paperback.

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