The expected utility of portfolios of assets (Q690338): Difference between revisions
From MaRDI portal
Added link to MaRDI item. |
Removed claim: reviewed by (P1447): Item:Q588270 |
||
| Property / reviewed by | |||
| Property / reviewed by: Klaus Ehemann / rank | |||
Revision as of 19:36, 19 February 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | The expected utility of portfolios of assets |
scientific article |
Statements
The expected utility of portfolios of assets (English)
0 references
10 December 1993
0 references
Two models of asset markets and portfolio choice are described: in the first one a von Neumann-Morgenstern utility function is defined on the non-negative real line and short-selling is not allowed, in the second a von Neumann-Morgenstern utility function is defined on the entire real line and short-selling is allowed. A number of properties needed in the demand and equilibrium analysis is investigated.
0 references
asset markets
0 references
portfolio choice
0 references
von Neumann-Morgenstern utility function
0 references
short-selling
0 references
