The Leading eBooks Store Online 4,173,809 members ⚫ 1,357,844 ebooks

New to

Learn more

Adequate Decision Rules for Portfolio Choice Problems

Adequate Decision Rules for Portfolio Choice Problems by Thilo Goodall
Buy this eBook
US$ 278.00
(If any tax is payable it will be calculated and shown at checkout.)
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.
Palgrave Macmillan; April 2002
129 pages; ISBN 9781403907318
Read online, or download in secure PDF format
Title: Adequate Decision Rules for Portfolio Choice Problems
Author: Thilo Goodall