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Persistent link: https://www.econbiz.de/10005337319
This paper uses the concept of Marginal Conditional Stochastic Dominance and a generalization of the 50% Portfolio Rule to develop a tractable and parsimonious methodology for constructing a second degree Stochastic Dominance (SSD) efficient portfolio from a given, inefficient index. Because the...
Persistent link: https://www.econbiz.de/10008865072