{"product_id":"9780333994320","title":"Adequate Decision Rules for Portfolio Choice Problems","description":"The author presents the theory of portfolio choice from a new perspective, recommending decision rules that have advantages over those currently used in theory and practice. Portfolio choice theory relies on expected values. Goodall argues that this dependence has a historical basis and argues that current decision rules are inadequate for most portfolio choice situations. Drawing on econometric solutions proposed for the problem of forecasting outcomes of a chance experiment, the author defines adequacy criteria, and proposes adequate decision rules for a variety of situations. Goodall's theory combines the problems of prediction and choice, and formulates solutions based on cost functions that fit the underlying decision situation.","brand":"Palgrave Macmillan UK","offers":[{"title":"Default Title","offer_id":47046361972976,"sku":"9780333994320","price":225.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780333994320_p0.jpg?v=1763685730","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780333994320","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}