Sufficient Conditions for Dominance of Simply Related Prospects
Sufficient conditions for dominance of simply related prospects are developed for newly defined classes of limited-variation-in-risk-parameter utility functions. Necessary and sufficient conditions are given for classes of contant-risk-parameter utility functions. The latter include classes of quadratic, power and exponential utility functions. The conditions can be incorporated into easily implemented procedures for locating efficient prospects.
Volume (Year): 55 (1987)
Issue (Month): 01 (April)
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- Hanoch, Giora & Levy, Haim, 1970. "Efficient Portfolio Selection with Quadratic and Cubic Utility," The Journal of Business, University of Chicago Press, vol. 43(2), pages 181-89, April.
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