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PORTFOLIO EVALUATION & RE‐EVALUATION: AN EXPERIMENT IN SUBJECTIVE PROBABILITY, MAN‐MACHINE LEARNING AND DECISION MAKING
Author(s) -
KROLAK PATRICK D.
Publication year - 1971
Publication title -
decision sciences
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.238
H-Index - 108
eISSN - 1540-5915
pISSN - 0011-7315
DOI - 10.1111/j.1540-5915.1971.tb01457.x
Subject(s) - computer science , portfolio , operations research , project portfolio management , order (exchange) , management science , stock (firearms) , stock market , field (mathematics) , industrial engineering , artificial intelligence , economics , finance , management , project management , mechanical engineering , paleontology , mathematics , horse , pure mathematics , engineering , biology
In order to bring home to management science students a proper overview of the field, the author undertakes the investigation of real world problems using the methods of systems analysis and operations research. This paper will describe the results of one such investigation. In addition to describing the classroom experiment, a model for speculative stock market investment will be developed. Finally, a simulation model for reviewing investor performance will be outlined.