Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/47290
Authors: 
Framstad, Nils Chr.
Year of Publication: 
2011
Series/Report no.: 
Memorandum // Department of Economics, University of Oslo 2011,12
Abstract: 
The pseudo-isotropic multivariate distributions are shown to satisfy Ross' stochastic dominance criterion for two-fund monetary separation. The classical case of separation under abence of risk-free investment opportunity, admits a few particular generalizations to k-fund separation for (1+1/k)-norm symmetric variables if k is odd.
Subjects: 
Portfolio separation
mutual fund theorem
stochastic dominance
pseudo-isotropic distributions
K-isotropic distributions
JEL: 
G11
C61
D81
D53
Document Type: 
Working Paper

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