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Persistent link: https://www.econbiz.de/10009273878
diverged from their intrinsic value. This paper presents an analysis of anomaly returns in the presence of the theory of the …
Persistent link: https://www.econbiz.de/10012022012
This paper develops a dynamic portfolio selection model incorporating economic uncertainty for business cycles. It is assumed that the financial market at each point in time is defined by a hidden Markov model, which is characterized by the overall equity market returns and volatility. The risk...
Persistent link: https://www.econbiz.de/10013375264