markowitz, in his portfolio selection theory, stated that investors select their portfolios according to two criteria of risk and return. accordingly, he presented his mathematical model. one of the criticisms of this model is that while investors, practically, consider different criteria in forming their portfolios, it only considers the return mean and return standard deviation. liquidity is ...

This 5-year prospective longitudinal study of 70,000+ English children examined the association between psychometric intelligence at age 11 years and educational achievement in national examinations in 25 academic subjects at age 16. The correlation between a latent intelligence trait (Spearman's g from CAT2E) and a latent trait of educational achievement (GCSE scores) was 0.81. General intelli...

Two bagging approaches, say 1 2 n-out-of-n without replacement (subagging) and n-out-of-n with replacement (bagging) have been applied in the problem of estimation of the parameters in a multivariate mixture model. It has been observed by Monte Carlo simulations and a real data example, that both bagging methods have improved the standard deviation of the maximum likelihood estimator of the mix...

A Markowitz-type portfolio selection problem is to minimize a deviation measure of portfolio rate of return subject to constraints on portfolio budget and on desired expected return. In this context, the inverse portfolio problem is finding a deviation measure by observing the optimal mean-deviation portfolio that an investor holds. Necessary and sufficient conditions for the existence of such ...