May 1974
Article
Journal of Financial Economics

Fallacy of the Log-Normal Approximation to Optimal Portfolio Decision Making over Many Periods

By: Robert C. Merton and Paul A. Samuelson

Format:Print
| Pages:28

Keywords

Investment; Decision Making

Citation

Merton, Robert C., and Paul A. Samuelson. "Fallacy of the Log-Normal Approximation to Optimal Portfolio Decision Making over Many Periods." Journal of Financial Economics 1 (May 1974): 67–94.

About The Author

Robert C. Merton

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