Efficient Portfolio Selection for Pareto-Lévy Investments**

B-Tier
Journal: Journal of Financial and Quantitative Analysis
Year: 1967
Volume: 2
Issue: 2
Pages: 107-122

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

The Markowitz analysis of efficient portfolio selection, which can be interpreted as solving the quadratic-programming problem of minimizing the variance of a normal variate subject to each prescribed mean value, easily can be generalized (in the special case of independently distributed investments) to the concave-programming problem of minimizing the “dispersion” of a stable Pareto-Lévy variate subject to each prescribed mean value. Some further generalizations involving interdependent distributions will also be presented here.

Technical Details

RePEc Handle
repec:cup:jfinqa:v:2:y:1967:i:02:p:107-122_01
Journal Field
Finance
Author Count
1
Added to Database
2026-01-29