The characteristics of portfolios selected by n-degree lower partial movement.

Empirical research on Lower Partial Moment (LPM) has ignored its portfolio algorithms and the major benefit of such analysis: that its utility function is as general as the utility function assumed by stochastic dominance analysis. Since efficient algorithms for stochastic dominance do not exist, an...

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Bibliographic Details
Main Author: Nawrocki, David.
Format: Villanova Faculty Authorship
Online Access: