"A forthcoming book by Harry Markowitz, Techniques of Portfolio Selection, will treat the general problem of finding dominant sets and computing the corresponding opportunity locus, for sets of securities all of which involve risk. Markowitz's main interest is prescription of rules of rational behaviour for investors; the main concern of this paper is the implications for economic theory, mainly comparative statics, that can be derived from assuming that investors do in fact follow such rules."
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Jews from the United StatesNobel laureates from the United StatesEconomists from the United StatesPeople from ChicagoNobel laureates in Economics
Original Language: English
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James Tobin, "Liquidity preference as behavior towards risk." The review of economic studies (1958): 65-86.
https://en.wikiquote.org/wiki/Harry_Markowitz
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Harry Markowitz
Harry Max Markowitz (August 24, 1927 – June 22, 2023) was an American economist, and a recipient of the 1989 John von Neumann Theory Prize and with Merton Miller and William Forsyth Sharpe the 1990 Nobel Memorial Prize in Economic Sciences.
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