As one step toward the implementation of a utility-dependent portfolio methodology, the paper empirically estimates a family of flexible functional form utility functions (defined over mean and ...

However, asset returns are not normally distributed – Black Swans have yet to be domesticated — and quadratic utility functions break down when investors have achieved wealth sufficient to ...

Consumers are often observed to purchase more than one variety of a product on a given shopping trip. The simultaneous demand for varieties is observed not only for packaged goods such as yogurt or ...

Quadratic equations are polynomials, meaning strings of math terms. An expression like “x + 4” is a polynomial. They can have ...