haku: @indexterm PORTFOLIO INVESTMENT / yhteensä: 425
viite: 149 / 425
| Tekijä: | McCardle, K. F. Winkler, R. L. |
| Otsikko: | All roads lead to risk preference : A turnpike theorem for conditionally independent returns. |
| Lehti: | Journal of Financial and Quantitative Analysis
1989 : MAR, VOL. 24:1, p. 13-28 |
| Asiasana: | PORTFOLIO INVESTMENT RISK |
| Kieli: | eng |
| Tiivistelmä: | A presentation of several new turnpike theorems, related to the investment in a risky asset, whose return distribution is unknown, with the assumption of the conditional independence of returns across periods. Constant relative risk aversion. Combinations of isoelastic utilities. A Table, reviewing the proportion of wealth invested across periods, illustrates the analysis. |
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