Cart
Free Shipping in the UK
Proud to be B-Corp

Adequate Decision Rules for Portfolio Choice Problems T. Goodall

Adequate Decision Rules for Portfolio Choice Problems By T. Goodall

Adequate Decision Rules for Portfolio Choice Problems by T. Goodall


126,39 £
Condition - New
Only 2 left

Summary

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. Goodall argues that this dependence has a historical basis and argues that current decision rules are inadequate for most portfolio choice situations.

Adequate Decision Rules for Portfolio Choice Problems Summary

Adequate Decision Rules for Portfolio Choice Problems by T. Goodall

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.

About T. Goodall

THILO GOODALL holds a PhD from the University of Freiburg (Germany) and is currently with SAM Sustainable Asset Management in Switzerland.

Table of Contents

Introduction Risk and decision Analysis of prominent decision rules Adequate decision rules for portfolio choice Conclusion

Additional information

NLS9781349432349
9781349432349
1349432342
Adequate Decision Rules for Portfolio Choice Problems by T. Goodall
New
Paperback
Palgrave Macmillan
2002-01-01
114
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a new book - be the first to read this copy. With untouched pages and a perfect binding, your brand new copy is ready to be opened for the first time

Customer Reviews - Adequate Decision Rules for Portfolio Choice Problems