Portfolio Selection: Efficient Diversification of Investments |
Contents
ILLUSTRATIVE PORTFOLIO ANALYSES | 31 |
RETURN IN THE LONG | 116 |
GEOMETRIC ANALYSIS OF Efficient | 129 |
Copyright | |
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1)st critical line alternative analysis based approximation assume assumption average return Axiom C₁ certainty chance Chapter choose column combinations computing procedures concave consider consumption correlation covariances decision defined discussion E₁ efficient portfolios equal example expected return expected utility maxim expected utility rule expected value expt(r G. L. S. Shackle illustrated implies individual invested investor iso-variance L. J. Savage large number legitimate portfolio linear programming loss matrix maximizes the expected maximum non-singular objective probabilities P₁ past series portfolio analysis portfolio selection portfolio which maximizes preferred to Q present principles probability beliefs probability distribution probability vectors problem quadratic quadratic programming r₁ r₂ random variable relationship standard deviation strategy subspace Suppose theorem tth critical line U₁ utility curve utility function V₁ var(r var(s var(w variance variance of return vector weighted sum wheel in Figure X₁ X₂ Xx+1 zero