Accession Number : AD0613672

Title :   THE ECONOMICS OF UNCERTAINTY, V,

Corporate Author : CALIFORNIA UNIV LOS ANGELES

Personal Author(s) : Borch,Karl

Report Date : MAR 1965

Pagination or Media Count : 24

Abstract : The paper contains a number of familiar results about optimal allocation of resources, and applies these to the problem of 'Portfolio Selection' originally formulated by Markowitz (Journal of Finance, 1952, p. 77-91; 'Portfolio selection - efficient diversification of investments,' John Wiley and sons, 1959). The paper also gives a brief survey of recent work on the experimental testing of the model. (Author)

Descriptors :   (*ECONOMICS, PROBABILITY), (*GAME THEORY, COMMERCE), (*COMMERCE, GAME THEORY), DECISION MAKING, OPTIMIZATION, MONEY, DISTRIBUTION, STATISTICAL DISTRIBUTIONS, QUADRATIC PROGRAMMING, FACTOR ANALYSIS

Distribution Statement : APPROVED FOR PUBLIC RELEASE