A Model of Multi-Period Investment under Uncertainty

Bertil Naslund and Andrew Whinston
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Bertil Naslund: Carnegie Institute of Technology
Andrew Whinston: Carnegie Institute of Technology

Management Science, 1962, vol. 8, issue 2, 184-200

Abstract: This paper explores rational decision making for investment in the stock market. The first part is concerned with problems of a methodological nature, mainly dealing with the relationship between normative models and operations research. The major part explores a particular model and the various features the model possesses. The interpretation and use of a dual prices in a stochastic programming model is discussed. The final part will suggest various possible extensions into other areas.

Date: 1962
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:8:y:1962:i:2:p:184-200

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