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161125 ||| eng |
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|a 9781403907318
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|a Goodall, Thilo
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|a Adequate Decision Rules for Portfolio Choice Problems
|h Elektronische Ressource
|c by Thilo Goodall
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|a London
|b Palgrave Macmillan UK
|c 2002, 2002
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| 300 |
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|a XIII, 114 p
|b online resource
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| 653 |
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|a Economics
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| 653 |
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|a Investments and Securities
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| 653 |
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|a Finance
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| 653 |
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|a Economics, general
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| 653 |
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|a Business Finance
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| 653 |
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|a Securities
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| 653 |
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|a Business enterprises / Finance
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| 653 |
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|a Management science
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| 653 |
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|a Investment banking
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| 653 |
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|a Capital market
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| 653 |
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|a Capital Markets
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| 653 |
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|a Industries
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b Springer
|a Springer eBooks 2005-
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|a Finance and Capital Markets Series
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| 856 |
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|u http://dx.doi.org/10.1057/9781403907318?nosfx=y
|x Verlag
|3 Volltext
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|a 332.0415
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| 520 |
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|a 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
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