Fight Finance

Courses  Tags  Random  All  Recent  Scores

Scores
keithphw$6,001.61
Jade$1,815.80
Chu$789.98
royal ne...$750.00
Leehy$713.33
Visitor$650.00
JennyLI$625.61
Visitor$590.00
Visitor$550.00
Visitor$550.00
Visitor$540.00
ZOE HY$540.00
Visitor$500.00
Yizhou$489.18
Visitor$464.70
Jasper.sun$460.00
Visitor$460.00
Visitor$460.00
Visitor$442.43
niki,zhang$440.00
 

Question 874  utility, return distribution, log-normal distribution, arithmetic and geometric averages

Who was the first theorist to endorse the maximisiation of the geometric average gross discrete return for investors (not gamblers) since it gave a "...portfolio that has a greater probability of being as valuable or more valuable than any other significantly different portfolio at the end of n years, n being large"?

(a) Daniel Bernoulli.




Copyright © 2014 Keith Woodward