Asset allocation
By: Jessica Wachter
Contributors: National Bureau of Economic Research
Series: NBER working paper series -- working paper 16255; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16255.
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] /
Description: "This review article describes recent literature on asset allocation, covering both static and dynamic models.  The article focuses on the bond--stock decision and on the implications of return predictability.  In the static setting, investors are assumed to be Bayesian, and the role of various prior beliefs and specifications of the likelihood are explored.  In the dynamic setting, recursive utility is assumed, and attention is paid to obtaining analytical results when possible.  Results under both full and limited-information assumptions are discussed"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 9/21/2010.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.