Hens, Thorsten; Schenk-Hoppé, Klaus Reiner - Økonomisk Institut, Københavns Universitet - 2004
This paper studies an application of a Darwinian theory of portfolio selection to stocks listed in the Dow Jones Industrial Average (DJIA). We analyze numerically the long-run outcome of the competition of fix-mix portfolio rules in a stock market with actual DJIA dividends. In the model...