|
|
Two fund separation theorem |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Two fund separation theoremThe theoretical result that all investors will hold a combination of the risk-free asset and the market portfolio.Two fund separation theorem Similar MatchesSeparation theoremSeparation theoremTheory that the value of an investment to an individual is not dependent on consumption preferences. That is, investors will want to accept or reject the same investment projects by using the NPV rule, regardless of personal preference. |
|
|
|