As one step toward the implementation of a utility-dependent portfolio methodology, the paper empirically estimates a family of flexible functional form utility functions (defined over mean and ...

However, asset returns are not normally distributed – Black Swans have yet to be domesticated — and quadratic utility functions break down when investors have achieved wealth sufficient to ...

Consumers are often observed to purchase more than one variety of a product on a given shopping trip. The simultaneous demand for varieties is observed not only for packaged goods such as yogurt or ...

A mathematician at Carnegie Mellon University has developed an easier way to solve quadratic equations. The mathematician hopes this method will help students avoid memorizing obtuse formulas. His ...