Hostname: page-component-7dd5485656-dk7s8 Total loading time: 0 Render date: 2025-10-31T20:50:58.412Z Has data issue: false hasContentIssue false
  • English
  • Français

Utility Implications of Portfolio Selection and Performance Appraisal Models

Published online by Cambridge University Press:  19 October 2009

Ronald F. Wippern
Get access Rights & Permissions [Opens in a new window]

Extract

In recent years we have seen significant progress in the development of models of capital asset pricing and the related models of portfolio selection and performance appraisal. The central focus, in all of these models, has been one of dealing directly with the difficult and perplexing issues of the measurement of risk and the underlying theories of investor choice-making under uncertainty.

Information

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 6 , Issue 3 , June 1971 , pp. 913 - 924
Copyright
Copyright © School of Business Administration, University of Washington 1971

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Article purchase

Temporarily unavailable

References

[1]Borch, K. “A Note on Utility and Attitudes to Risk.” Management Science, Vol. 9, No. 4, pp. 697–700.CrossRefGoogle Scholar
[2]Lintner, J. “Security Prices, Risk, and Maximal Gains from Diversification.“ Journal of Finance, Vol. 20, No. 4, December 1965, pp. 587–615.Google Scholar
[3]Markowitz, H.Portfolio Selection John Wiley and Sons, 1959.Google Scholar
[4]Sharpe, W. “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk.” Journal of Finance, Vol. 19, No. 3, September 1964,. pp. 425–442.Google Scholar
[5]Sharpe, W. “Mutual Fund Performance.” Journal of Business, Vol. 39, No. 1, Part II, January 1966, pp. 119–138.CrossRefGoogle Scholar
[6]Tobin, J. “Liquidity Preference as Behavior Towards Risk.” Review of Economic Studies, Vol. 25, February 1958, pp. 65–86.CrossRefGoogle Scholar
[7]von Neumann, J., and Morgenstern, O.. Theory of Games and Economic Behavior, Second Edition. Princeton, N. J., 1947.Google Scholar