Capital Growth Theory

Nils H. Hakansson and William T Ziemba

Chapter 41 in The Kelly Capital Growth Investment Criterion:Theory and Practice, 2011, pp 577-598 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:IntroductionOrigins of the modelThe model and its basic propertiesConditions for capital growthRelationship to other long-run investment modelsRelationship to intertemporal consumption-investment modelsGrowth vs. securityApplicationsSummaryReferences

Keywords: Kelly Criterion; Dynamic Investment Analysis; Capital Growth Theory; Sports Betting; Hedge Fund Strategies; Speculative Investing; Fortune 's Formula (search for similar items in EconPapers)
Date: 2011
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