Reference Entry

postmodern portfolio theory

Jonathan Law

in A Dictionary of Finance and Banking

Sixth edition

Published in print March 2018 | ISBN: 9780198789741
Published online March 2018 | e-ISBN: 9780191831430
postmodern portfolio theory

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A development from *modern portfolio theory (MPT) that has become increasingly influential since the 1990s. Like MPT, PMPT suggests that rational investors should diversify widely to achieve an optimum balance of risk and expected returns; however, where MPT uses the standard deviation of returns as its measure of risk, PMPT uses the standard deviation of returns below a minimum acceptable value (the so-called ...

Reference Entry.  102 words. 

Subjects: Banking ; Social Sciences ; Economics

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