Title: Improvement of Markowitz's investment portfolio model and its application
Abstract: In this paper,Markowitz's investment portfolio model is introduced,and its drawbacks are revealed.With the help of entropy theory,some improvement of this model is made,by extending the entropy theory to dealing with continuous variable with normal distribution.A conclusion can be drawn through a constructed case study that the improved model is meaningful and with it investors could make an optimal investment portfolio decision in realworld application.
Publication Year: 2006
Publication Date: 2006-01-01
Language: en
Type: article
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