In the paper, we consider three quadratic optimization problems which are frequently applied in portfolio theory, i.e., the Markowitz mean–variance problem as well as the problems based on the mean–variance utility function and the quadratic utility. Conditions are derived under which the...

In this paper, I will review some aspects of psychometric projects that I have been involved in, emphasizing the nature of the work of the psychometricians involved, especially the balance between the statistical and scientific elements of that work. The intent is to seek to understand where...

The beta coefficient plays a crucial role in finance as a risk measure of a portfolio in comparison to the benchmark portfolio. In the paper, we investigate statistical properties of the sample estimator for the beta coefficient. Assuming that both the holding portfolio and the benchmark...