Fallacy of the log-normal approximation to optimal portfolio decision-making over many periods

Name

fallacyoflognorm00mert.pdf

Size

2.18 MB

Format

Adobe PDF

Checksum (MD5)

cc81cebe1f1dda22ef2a4b67f4a3f905

Author(s)

Merton, Robert C.

•

Samuelson, Paul Anthony

Date Issued

1972

Publisher

Cambridge, Mass. : M.I.T. Alfred P. Sloan School of Management

Series/Report no.

Working paper (Sloan School of Management) ; 623-72.

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