The paper offers a proof that expected utility maximisation with logarithmic utility is a dominant preference in the biological selection process in the sense that a population following any other ...
Historically, risk measures have been used for single-period investments, and this has prevented their application by investors willing to reinvest their wealth for more than one period. Due to its ...
Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...