We integrate appealing features of Markowitz’s mean-variance portfolio theory (MVT) and
Shefrin and Statman’s behavioral portfolio theory (BPT) into a new mental accounting (MA) …

How can investors construct portfolios that help them reach their goals, such as a comfortable
retirement for themselves, a bequest for their children, and college education for their …

Correlation is the common indicator for the benefits of diversification, but it is not a good
indicator for two reasons. First, the benefits of diversification depend not only on the correlation …

Correlations between the returns of US stocks and international stocks were higher recently
than in the past, reaching 0.86 during the 60 months ending in December 2003. Today's …

… Meir Statman and Jonathan Scheid … Jonathan Scheid is senior research analyst at
Assante Asset Management Inc., San Jose, California. …

Correlation is the common measure of the benefits of diversification, but dispersion, measured
as the standard deviation of the returns of stocks around the mean of all stocks, is better. …

While correlation is the common measure of the benefits of diversification, it is not a good
measure. This is for two reasons. First, the benefits of diversification depend not only on the …

While correlation is the common indicator of the benefits of diversification, it is not a good
indicator. This is for three reasons. First, diversifiable risk depends not only on the correlations …

As more spacecraft reach more locations in the solar system, and with increasing residual
capability of those spacecraft, an opportunity exists to improve scientific return at low cost to …

… Portfolio Optimization with Mental Accounts Sanjiv Das, Harry Markowitz, Jonathan
Scheid, and Meir Statman … Jonathan Karpoff … Jonathan Karpoff University of Washington …