accurate and low cost computational techniques which would permit extensive use of simulation methodology. Large samples are … simulation results. This paper investigates the tradeoffs available between computational accuracy and cost in simulation …

We present a simulation-based method for solving discrete-time portfolio choice problems involving non …

's beliefs about other funds. This will be true insofar as an investor's expectation about the performance of a fund is partly a … have a substantial impact on the cross-section of posterior beliefs about fund performance as well as asset allocation … dependence, investors aggregate information across funds to form a general belief about the potential for abnormal performance …