General Proof that Diversification Pays**

B-Tier
Journal: Journal of Financial and Quantitative Analysis
Year: 1967
Volume: 2
Issue: 1
Pages: 1-13

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

“Don't put all your eggs in one basket,” is a familiar adage. Economists, such as Marschak, Markowitz, and Tobin, who work only with mean income and its variance, can give specific content to this rule—namely, putting a fixed total of wealth equally into independently, identically distributed investments will leave the mean gain unchanged and will minimize the variance.

Technical Details

RePEc Handle
repec:cup:jfinqa:v:2:y:1967:i:01:p:1-13_01
Journal Field
Finance
Author Count
1
Added to Database
2026-01-29