## Portfolio Selection: Efficient Diversification of Investments |

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### Contents

INTRODUCTION | 1 |

ILLUSTRATIVE PORTFOLIO ANALYSES | 8 |

AVERAGES AND EXPECTED VALUES | 37 |

Copyright | |

14 other sections not shown

### Common terms and phrases

alternative amount analysis apply approximation associated assume attached average return Axiom better certainty chance changes Chapter choice choose column combinations computing concerning consider consistent correlation covariances critical line curve decision defined definition depends derived discussion dollar efficient portfolios efficient set equal exactly example expected return expected utility maxim expected value expressed Figure frequency gains gives greater Hence illustrated implies increases indicates individual invested investor legitimate less linear loss matrix maximum mean measure move nature objective obtain ordering outcome particular past period possible preferred present principles probability beliefs probability distribution problem procedure produce programming proof quadratic random variable Rational relationship represented ring rule selection similar single situation square standard deviation strategy Suppose Table theorem third true utility function variance vector weighted wheel zero