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Relative Effectiveness of Efficiency Criteria for Portfolio Selection

Published online by Cambridge University Press:  19 October 2009

Haim Levy  and
Giora Hanoch
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Extract

Individual decisions about investment may be regarded as choices among alternative probability distributions of net returns. It is assumed that these distributions are completely known and independent of initial wealth positions, and that individuals determine the preferred portfolio of investment in accordance with a given, consistent set of preferences.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 5 , Issue 1 , March 1970 , pp. 63 - 76
Copyright
Copyright © School of Business Administration, University of Washington 1970

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References

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