{"product_id":"adequate-decision-rules-for-portfolio-choice-problems-0333994329","title":"Adequate Decision Rules for Portfolio Choice Problems","description":"\u003cp\u003e\u003cstrong\u003eISBN:\u003c\/strong\u003e 0333994329\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eAuthor:\u003c\/strong\u003e Goodall, T.\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eCondition:\u003c\/strong\u003e New\u003c\/p\u003e\u003cp\u003eThe author presents the theory of portfolio choice from a new perspective, recommending decision rules that have advantages over those currently used in theory and practice. Portfolio choice theory relies on expected values. Goodall argues that this dependence has a historical basis and argues that current decision rules are inadequate for most portfolio choice situations. Drawing on econometric solutions proposed for the problem of forecasting outcomes of a chance experiment, the author defines adequacy criteria, and proposes adequate decision rules for a variety of situations. Goodall's theory combines the problems of prediction and choice, and formulates solutions based on cost functions that fit the underlying decision situation.\u003c\/p\u003e","brand":"Mia Karts","offers":[{"title":"Default Title","offer_id":51738543128864,"sku":"NEW0333994329","price":161.27,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0980\/7426\/3840\/files\/61mx4JuxdXL.jpg?v=1779606566","url":"https:\/\/miakarts.com\/products\/adequate-decision-rules-for-portfolio-choice-problems-0333994329","provider":"Miakarts Books","version":"1.0","type":"link"}