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Published in:
2002 | OriginalPaper | Chapter
Risk and Decision
Author : Thilo Goodall
Published in: Adequate Decision Rules for Portfolio Choice Problems
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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Every investor faces a decision regarding which assets to choose for his or her portfolio. Portfolio choice theory is thus about making decisions, and an application of decision theory. It seems appropriate to treat portfolio choice problems as decisions that are to be made in an uncertain environment.