Variance aversion implies mu - sigma squared criterion

Article Abstract:

The validity of the mu - sigma squared criterion is confirmed in cases where the mean-variance approach is applied to an investor's portfolio management decisions. Two assumptions imply the criterion. First, it is assumed that investment utility functions are dependent on the mean-variance approach. Second, a linear relationship exists in a CAPM equilibrium between the security market line and expected return.

Evaluation, Portfolio management, Analysis of variance, Utility theory, Utility functions

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Structural stability implies robustness to bounded rationality

Article Abstract:

Rationality's degree is measured by means of an arbitrary continuous function that is normalized so that zero corresponds to full rationality. Its advantage is that it captures many common approaches to modeling bounded rationality, which allows us to study the impact of introducing bounded rationality without having to specify the precise rationality measure under consideration.

Structural stability, Rationality

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The economics of HIV/AIDS in low-income countries: the case for prevention

Article Abstract:

Economic aspects of prevention of infection by the Human Immunodeficiency Virus, which causes the Acquired Immunodeficiency Syndrome in low-income countries, by using various techniques, are discussed.

Financial management, Finance, Company financing, AIDS treatment

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