By using a different derivation scheme, a new class of two-sided coherent risk measures is constructed in this paper. Different from existing coherent risk measures, both positive and negative deviations from the expected return are considered in the new measure simultaneously but differently....

Aimed at better modeling stock returns and finding robustly optimal investment decisions, a new portfolio selection model is proposed in this paper. The model differs from existing ones in following ways: multiple market frictions are taken into account simultaneously; the adopted multivariate...

Introduction: the central question -- The pre-recognition period (1949-1972) -- The Whitlam/Fraser period (1972-1983) -- The Hawke era (1983-1989) -- The Hawke/Keating period (1989-1996) -- The Howard era (1996-2007) -- The Rudd period (2007-2010) -- Findings and conclusions