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Investment Opportunities, Uncertain Implicit Transaction Costs and Maximum Downside Risk in Dynamic Stochastic Financial Optimization. (2018). Mushori, Sabastine ; Chikobvu, Delson.
In: International Journal of Economics and Financial Issues.
RePEc:eco:journ1:2018-04-32.

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  16. Mushori and Chikobvu: Investment Opportunities, Uncertain Implicit Transaction Costs and Maximum Downside Risk in Dynamic Stochastic Financial Optimization International Journal of Economics and Financial Issues | Vol 8 • Issue 4 • 2018 APPENDIX 6. A REVIEW OF SOME VALIDATION MODELS There are a number of models on portfolio selection presented in the literature to date. However, comparison in this study is restricted to the widely used mean-variance, MAD and minimax models. The following is a review of these models.
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