Gratcheva, Ekaterina M.; Falk, James E. - In: Economic Analysis Working Papers (2002-2010). Atlantic … 1 (2002) October, pp. 1-17
The ´Portfolio Selection Problem´ is traditionally viewed as selecting a mix of investment opportunities that maximizes the expected return subject to a bound on risk. However, in reality, portfolios are made up of a few ´asset classes´ that consist of similar opportunities. The asset...