A Simulation Approach to Dynamic Portfolio Choice with an Application to Learning about Return Predictability
Michael Brandt,
Amit Goyal,
Pedro Santa Clara,
Jonathan Stroud
Review Of Financial Studies,
vol. 18, 2005, p. 831-873.
Idiosyncratic Risk Matters!
Amit Goyal,
Pedro Santa Clara
Journal of Finance,
vol. 58, 2003, p. 975-1007.