Dima, Bogdan; Pirtea, Marilen; Murgea, Aurora - In: Theoretical and Applied Economics 1(496) (2006) 1(496), pp. 43-47
The classical models of portfolio selection could not be applied on a market were the efficient market hypothesis is … not valid (at least in a "weak" sense). The aim of this paper is to enlighten the difficulties of portfolio construction … disfunctions, there is a possibility to build an "optimal" portfolio based on a yield-risk arbitrage inside an efficiency frontier …