| dc.contributor | 風管系 | |
| dc.creator (作者) | 黃泓智 | |
| dc.creator (作者) | Hong-ChihHuang | |
| dc.creator (作者) | 李永琮 | |
| dc.creator (作者) | Yung-TsungLee | |
| dc.date (日期) | 2020-07 | |
| dc.date.accessioned | 21-Jan-2021 09:45:37 (UTC+8) | - |
| dc.date.available | 21-Jan-2021 09:45:37 (UTC+8) | - |
| dc.date.issued (上傳時間) | 21-Jan-2021 09:45:37 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/133651 | - |
| dc.description.abstract (摘要) | This study compares the differences and efficiencies of investment strategies among anticipative and adaptive models using three representative decision approaches: the static approach (SA), semidynamic strategy (or re-assess by static approach, Re-SA), and dynamic programming (DP). We show that each approach has individual merits and weaknesses. A DP strategy may allow for relatively aggressive decisions because of opportunities to adapt the decisions later. However, that strategy may result in a serious downside risk. The suboptimal adaptive strategy, Re-SA, acts as a good proxy for the DP strategy. Therefore, both SA and Re-SA are important tools for addressing asset allocation problems | |
| dc.format.extent | 1113789 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | International Review of Economics and Finance, 68, 131-149 | |
| dc.subject (關鍵詞) | Investment strategy;Anticipative model;Adaptive model;Static approach;Dynamic approach | |
| dc.title (題名) | A Study of the Differences among Representative Investment Strategies | |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1016/j.iref.2020.03.007 | |
| dc.doi.uri (DOI) | https://doi.org/10.1016/j.iref.2020.03.007 | |
