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2002 | OriginalPaper | Chapter

Analysis of Prominent Decision Rules

Author : Thilo Goodall

Published in: Adequate Decision Rules for Portfolio Choice Problems

Publisher: Palgrave Macmillan UK

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Portfolio choice problems have been shown to be special cases of decisions under Knightian risk. Investments are gambles, because the investments’ results, and the utility they provide, depend on the outcome of a chance experiment. If portfolio selection is a special case of decision theory, and if Debreu’s axioms are taken as valid, portfolio selection problems may be solved by applying decision rules. The decision rules that have, or have had, some importance in portfolio choice theory will now be characterised. They will be analysed in the following chapters.

Metadata
Title
Analysis of Prominent Decision Rules
Author
Thilo Goodall
Copyright Year
2002
Publisher
Palgrave Macmillan UK
DOI
https://doi.org/10.1057/9781403907318_3