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Diversification is a fundamental concept in economics, decision theory and finance. It also lies at the core of the …
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In this, the fourth article in the economists' hubris paper series we look at the contributions of academic thought to the field of asset management. We find that while the theoretical aspects of the modern portfolio theory are valuable they offer little insight into how the asset management...
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This paper provides a brief review of the connecting literature in management science, economics and finance, and …
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