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Stochastic Dominance, Mutual Funds Separation and Portfolio Frontier

  • Emilio Barucci
Part of the Springer Finance book series (FINANCE)

Abstract

In Chapter 2 we have shown that portfolio problems can be very complex. In general, no explicit formula for the optimal portfolio exists. In this chapter we present some instruments useful to address the portfolio problem. The goal is to provide conditions on the probability distribution of asset returns so that the choice problem is simplified.

Keywords

Utility Function Mutual Fund Expected Return Risky Asset Stochastic Dominance 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag London 2003

Authors and Affiliations

  • Emilio Barucci
    • 1
  1. 1.Dipartimento di Statistica e matematica applicata all’economiaUniversità di PisaItaly

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