Selecting and Simulating Models for Management of Investment Portfolios Using Cybernetic Approach

Angel Marchev () and Angel Marchev ()
Additional contact information
Angel Marchev: University of National and World Economy, Sofia, Bulgaria
Angel Marchev: University of National and World Economy, Sofia, Bulgaria

Economic Alternatives, 2012, issue 2, 38-54

Abstract: The theory of investment portfolios is a well defined component of financial science. While sound in principle, it faces some setbacks in its real-world implementation. The authors state that cybernetics present an unorthodox "new" way of studying the process of portfolio management. First, the known theory is translated in cybernetic terminology. Second, various known models of investors are competed systematically on a unified data track. Third, by heuristic restructuring new models of investors may be assembled, which in turn are to be competed as well.

Keywords: competition data track; heuristic inductive approach (search for similar items in EconPapers)
JEL-codes: C32 C40 C60 G11 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.unwe.bg/uploads/Alternatives/Article03_02.2012.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nwe:eajour:y:2012:i:2:p:38-54

Access Statistics for this article

More articles in Economic Alternatives from University of National and World Economy, Sofia, Bulgaria Contact information at EDIRC.
Bibliographic data for series maintained by Vanya Lazarova ().