Abstract
This paper discusses some problems with the existing definitions of diversifiable and nondiversifiable risks of portfolios and suggests new definitions that avoid those problems.
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Swamy, P.A.V.B., Lutton, T.J. & Tavlas, G.S. How should diversifiable and nondiversifiable portfolio risks be defined?. J Econ Finance 21, 11–18 (1997). https://doi.org/10.1007/BF02929034
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DOI: https://doi.org/10.1007/BF02929034