This paper deals with dynamic asset allocation strategies which guarantee that an investor's terminal wealth will not fall short of a predetermined amount of money. It focuses on two strategies which do not require any information other than the current market price of the involved risky asset....

The objective of this paper is to contribute to a better understanding of rational expectations equilibria. These equilibria emerge from demand decisions of investors who try to extract Information about future market prices from current ones. Therefore from an eeonomisfs perspective it seems...