What two main implications of the standard normative portfolio theory are not consistent with the data on

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What two main implications of the standard normative portfolio theory are not consistent with the data on individual portfolio holdings? Discuss relevant empirical evidence.

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Behavioral Finance

ISBN: 9780190868741

1st Edition

Authors: H. Kent Baker, Greg Filbeck, John R. Nofsinger

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Question Posted: Feb 23, 2024 04:00 AM

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What two main implications of the standard normative portfolio theory are not consistent with the data on

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The first such implication which is known as the portfolio separation theorem states that portfolio ...View the full answer

Behavioral Finance

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