This paper deals with the CAPM-derived capital budgeting criterion, and in particular with Rubinstein’s (1973) criterion, according to which a project is profitable if the project rate of return is greater than the risk-adjusted cost of capital, where the latter depends on the project’s disequilibrium systematic risk. It is shown that the disequilibrium net present value implied by this criteri...

The analysis of many complex problems and complex dynamic systems shows that there are dependencies between high complexity and the existence of large grids in the underlying structures containing inhomogeneous elements and including an irregular flow of information. This complexity criterion is formulated in a precise way and analysed in different areas of application, particularly for selecte...

We present a framework for inverse optimization in a Markowitz portfolio model that is extended to include a third criterion. The third criterion causes the traditional nondominated frontier to become a surface. Until recently, it had not been possible to compute such a surface. But by using a new method that is able to generate the nondominated surfaces of tri-criterion portfolio selection pro...

Introduction. To assess the performance of five previously described clinicopathological definitions of low-risk prostate cancer (PC). Materials and Methods. Men who underwent radical prostatectomy (RP) for clinical stage ≤T2, PSA <10 ng/mL, Gleason score <8 PC, diagnosed by transperineal template-guided saturation biopsy were included. The performance of five previously described criteria (i.e...

OBJECTIVE The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders (DSM-5) includes significant changes to Criterion A for posttraumatic stress disorder (PTSD), the criterion that defines which events qualify as "traumatic." This systematic review explores the fundamental question of how to define a trauma by reviewing the difference between direct and indirect trauma expo...

We review recently developed theory for the Minimum Description Length principle, penalized likelihood and its statistical risk. An information theoretic condition on a penalty pen(f) yields the conclusion that the optimizer of the penalized log likelihood criterion log 1/likelihood(f) + pen(f) has risk not more than the index of resolvability, corresponding to the accuracy of the optimizer of ...

We review recently developed theory for the Minimum Description Length principle, penalized likelihood and its statistical risk. An information theoretic condition on a penalty pen(f) yields the conclusion that the optimizer of the penalized log likelihood criterion log 1/likelihood(f) + pen(f) has risk not more than the index of resolvability, corresponding to the accuracy of the optimizer of ...

We consider an investment model where the objective is to overperform a given benchmark or index. We study this portfolio management problem for a long term horizon. This asymptotic criterion leads to a large deviation probability control problem. Its dual problem is an ergodic risk sensitive control problem on the optimal logarithmicmoment generating function that is explicitly derived.A caref...