Bliss Points in Mean-Variance Portfolio Models
收藏NBER1981-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/t0019
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资源简介：
When all financial assets have risky returns, the mean-variance portfolio model is potentially subject to two types of bliss points. One bliss point arises when a von Neumann-Morgenstern utility function displays negative marginal utility for sufficiently large end-of-period wealth, such as in
提供机构：
美国国家经济研究局
创建时间：
1981-12-01
