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A Mean-Variance Benchmark for Intertemporal Portfolio Theory

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NBER2013-02-01 更新2025-01-04 收录
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Mean-variance portfolio theory can apply to the streams of payoffs such as dividends following an initial investment, in place of one-period returns. This description is especially useful when returns are not independent over time and investors have non-marketed income. Investors hedge their outside

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2013-02-01
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