Prior studies challenge the practical usefulness of Markowitz portfolio optimization in
improving the return-risk tradeoff in portfolio management. We approach this question from a …

After posting good performance and impressive business growth for over two decades,
quantitative equity investment managers have recently produced weak returns. We develop a …

After posting good performance for over two decades, quantitative equity investment
managers have recently produced weak returns. We develop a measure of risk and show how …

The goal of this dissertation is to test the hypothesis that economic agents jointly choose
current consumption and labor supply, so as to maximize the present discounted value of …

The quest for more alpha has led many investors to consider implementing short-extension
strategies. Meanwhile, other investors may have avoided these strategies because they fear …

The effects of consumption of low levels of omega-3 polyunsaturated fatty acids (n-3 PUFAs)
on plasma lipids and prothrombin time were examined in hyperlipidemic men (n= 18) …

During the past decade, over 200 cities in the United States have imposed rent control [Baird,
t980, pp. 54-7]. Although most likely a response to the accelerating inflation of the 1970's, …

Headed by Bernstein, the quantitative equity and equity derivatives strategies group at Merrill
Lynch is noted for their proprietary research on market segmentation and style investing. In …

… We are indebted to Tony Elavia and Bill White for assistance with the data and to Art DeVany,
James Griffin, Sam Peltzman and the referees for helpful comments on an earlier draft. We …

… A note of thanks is due to Tony Elavia of the Economics Department for his assistance with
the econometric procedure. A special aknowledgement is due to Raquel M. Gonzalez for her …