Mean-variance model that Harry M. Markowitz has put forward in1952 indicates the naissance of modern portfolio theory.
The idea of dispersing investment is widely known, but it is plain before the naissance of Markowitz portfolio theory, which demonstrates how to use dispersing investment to eliminate risks.
The Quarterly: What are your concerns with statistics and portfolio theory?
The main work is the research on risk and return, which is the core of the modern portfolio theory.
Efficient application of markowitz portfolio theory in security market of China;
Topics include: portfolio theory; equilibrium models of security prices( including the capital asset pricing model and the arbitrage pricing theory); the empirical behavior of security prices; market efficiency; performance evaluation; and behavioral finance.
In chapter two, the author dissertates three important investment theories: asset-loan supervising theory, portfolio theory, and investment risk supervising theory.
Models in the existing behavioral portfolio theory can't be applied to portfolio management because of either their idealization or their complexity.
In this paper, the modern portfolio theory is expatiated. It is one of the fundamental part of financial engineering.
Markowitz portfolio theory has become the footstone of modem finance theory.
The application of the portfolio theory in oil company
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