[国外经济类书籍大全].Modern.portfolio.theory.pdfVIP

MODERN PORTFOLIO THEORY: SOME MAIN RESULTS BY HEINZ H. MOLLER University of Ziirich ABSTRACT This article summarizes some main results in modern portfolio theory. First, the Markowitz approach is presented. Then the capital asset pricing model is derived and its empirical testability is discussed. Afterwards Neumann-Morgenstern utility theory is applied to the portfolio