This is a preview. Log in through your library . Abstract The problem analyzed here is the computation of Pareto optima in the sense of high mean and low variance of the stationary distribution in the ...

This is a preview. Log in through your library . Abstract We consider sequential procedures for obtaining confidence intervals of prescribed length and confidence coefficient for the mean of a normal ...

Identify characteristics of “good” estimators and be able to compare competing estimators. Construct sound estimators using the techniques of maximum likelihood and method of moments estimation.

We propose a numerical optimization approach that can be used to solve portfolio selection problems including several assets and involving objective functions from cumulative prospect theory (CPT).

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Carl Friedrich Gauss was a child prodigy and a brilliant ...

In this paper we study an optimal insurance problem within the mean–variance framework for the case when the insured and insurer hold heterogeneous beliefs about the loss distribution. The implicit ...