Mean-Gini Portfolio Analysis: A Pedagogic Illustration
It is well known in the finance literature that mean-variance analysis is inappropriate when asset returns are not normally distributed or investors’ preferences of returns are not characterized by quadratic functions. The normality assumption has been widely rejected in cases of emerging market equ...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
McMaster University
2007-05-01
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| Series: | Spreadsheets in Education |
| Subjects: | |
| Online Access: | http://epublications.bond.edu.au/ejsie/vol2/iss2/3 |