Adequate Decision Rules for Portfolio Choice Problems
Published on 17. December 2015
XIII, 114 pages
978-1-4039-0731-8 (ISBN)
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.
More details
Other editions
Additional editions
Book
04/2002
Palgrave Macmillan
€160.49
Shipment within 15-20 days
Person
THILO GOODALL holds a PhD from the University of Freiburg (Germany) and is currently with SAM Sustainable Asset Management in Switzerland.
Content
Introduction Risk and decision Analysis of prominent decision rules Adequate decision rules for portfolio choice Conclusion
