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Persistent link: https://www.econbiz.de/10011400372
The Behavioral Portfolio Theory (BPT) developed by Shefrin and Statman (2000) is often set against Markowitz's (1952) Mean Variance Theory (MVT). In this paper, we compare the asset allocations generated by BPT and MVT without restrictions. Using U.S. stock prices from the CRSP database for the...
Persistent link: https://www.econbiz.de/10012905188
Persistent link: https://www.econbiz.de/10011641080