On Diversification Given Asymmetry in Returns
- 1 December 1981
- journal article
- Published by JSTOR in The Journal of Finance
- Vol. 36 (5) , 1143-1155
- https://doi.org/10.2307/2327305
Abstract
Complete diversification is the rational investment strategy for a risk averse individual in a homogeneous securities market who considers only the first two moments of return. Observed behavior of m...Keywords
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