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Stocks, Bonds, And The Investment Horizon: Decision-Making For The Long Run - Hardback
الآن:
825.00 ر.س.شامل ضريبة القيمة المضافة
توصيل مجاني
باقي 3 وحدات في المخزونتوصيل مجانيباقي 3 وحدات في المخزون
احصل عليه خلال 28 - 31 ديسمبر
قسمها على 4 دفعات ب ٢٠٦٫٢٥ ر.س. بدون فوائد أو رسوم تأخير.اعرف المزيد
قسمها على 4 دفعات ب ٢٠٦٫٢٥ ر.س. بدون فوائد أو رسوم تأخير.اعرف المزيد
1
توصيل مجاني لنقطة نون ومراكز الاستلام
معرفة المزيد
إرجاع سهل لكل المنتجات في هذا العرض.
المنتج كما في الوصف
80%
شريك لنون منذ
3+ سنين
أحدث التقييمات الإيجابية
المواصفات
| الناشر | World Scientific Publishing Co Pte Ltd |
| رقم الكتاب المعياري الدولي 13 | 9789811250149 |
| وصف الكتاب | A century ago, life expectancy was roughly 40 years, hence all income could be consumed, as for most people, there was no need to save for retirement. Today, things have drastically changed: Life expectancy exceeds 80 years in many countries, and one should expect to live and consume many years after retirement. Thus, we have many investors with various investment horizons, where the length of the investment horizon becomes a crucial factor in determining the best investment diversification.This book analyzes the effect of the investment horizon on the optimal diversification, specifically between stocks and bonds: Should a young investor and an older investor have the same portfolio? Is it recommended to savers for retirement to change the asset allocation between stocks and bonds as they grow older, as life cycle mutual funds do in practice? Is the idiom 'stocks for the long run' backed by scientific evidence? We analyze for which horizons it is recommended to employ the popular Mean-Variance rule and for which horizons employing this rule induces an economic distortion, hence a loss to the investors. It is shown that all relevant parameters for investment choice (means, variances, and correlations) change in a non-linear way with the horizon, a fact that makes the investment horizon crucial for investment choices. Similarly, the popular Sharpe, Treynor, and Jensen performance indices vary with the assumed horizon even in the case of independence over time. To analyze all the above issues, we employ the Mean-Variance rule and Stochastic Dominance rules, as well as direct expected utility calculations. |
| الكاتب | Haim Levy (Author) |
| تاريخ النشر | 2 Jun 2022 |
Stocks, Bonds, And The Investment Horizon: Decision-Making For The Long Run - Hardback
تمت الإضافة لعربة التسوق
مجموع السلة 825.00 ر.س.
