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Risk Disposition and the Separation Property in Portfolio Selection†

Published online by Cambridge University Press:  19 October 2009

Nils H. Hakansson
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Extract

This article examines some aspects of the portfolio selection problem when the “no-easy-money-condition” holds and the investor is constrained to stay solvent. The possible presence of a non-capital income is also taken into consideration.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 4 , Issue 4 , December 1969 , pp. 401 - 416
Copyright
Copyright © School of Business Administration, University of Washington 1969

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References

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