McManus, Ian; Gwilym, Owain Ap; Thomas, Stephen - In: International Journal of Behavioural Accounting and Finance 1 (2009) 2, pp. 95-110
demonstrate that both the frequency of evaluation which achieves indifference between equities and bonds, and the optimal asset … allocations across a two-century period for the UK, in the context of a range of plausible investment evaluation periods. We … allocation profile, vary significantly over time. Although equities dominate for long periods, it is evident that periods of low …