Portfolio management without probabilities or statistics
نویسندگان
چکیده
منابع مشابه
Portfolio Management without Probabilities or Statistics
Considered here is on-line portfolio management aimed at maximizing the long-run growth of financial wealth. The portfolio is repeatedly rebalanced in response to observed returns on diverse assets. Suppose statistical information and related methods are not available or deemed too difficult. On that assumption this paper explores how an adaptive procedure, which totally dispenses with statisti...
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ژورنال
عنوان ژورنال: Annals of Finance
سال: 2008
ISSN: 1614-2446,1614-2454
DOI: 10.1007/s10436-008-0106-6