Business & Economics Books:

Adequate Decision Rules for Portfolio Choice Problems

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$446.00
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Description

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.

Author Biography:

THILO GOODALL holds a PhD from the University of Freiburg (Germany) and is currently with SAM Sustainable Asset Management in Switzerland.
Release date NZ
January 1st, 2002
Author
Audience
  • Professional & Vocational
Edition
1st ed. 2002
Illustrations
XIII, 114 p.
Pages
114
ISBN-13
9781349432349
Product ID
25601664

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