{"product_id":"9780333994320","title":"Adequate Decision Rules for Portfolio Choice Problems","description":"The 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.","brand":"T. Goodall","offers":[{"title":"Default Title","offer_id":45759674646846,"sku":"9780333994320","price":4685.07,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4357\/7662\/products\/9780333994320_cc658b6d-367c-4d69-9c63-a55e959539a6.jpg?v=1707243418","url":"https:\/\/exclusivebooks.co.za\/products\/9780333994320","provider":"Exclusive Books Online","version":"1.0","type":"link"}