Comparing Asset Pricing Models: An Investment Perspective
收藏NBER1999-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7284
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资源简介：
We investigate the portfolio choices of mean-variance-optimizing investors who use sample evidence to update prior beliefs centered on either risk-based or characteristic-based pricing models. With dogmatic beliefs in such models and an unconstrained ratio of position size to capital, optimal
提供机构：
美国国家经济研究局
创建时间：
1999-08-01
