Speaker: Angel Marchev
Time: Wednesday, Dec. 10 at 19:30
Place: UNWE Sofia, Hall 3006
The theory of investment portfolios is a well defined component of financial science. While sound in principle, it faces some setbacks in its real-world implementation. Cybernetics presents an unorthodox “new” way of studying the process of portfolio management. First, the known theory is translated in cybernetic terminology. A reformulation of the investment portfolio problem as a cybernetic system is proposed where the Investor is the controlling system and the portfolio is the controlled system. Also the portfolio controlling process is dissected in several ordered phases, so that each phase is represented as a subsystem within the structure of the controlling system Investor. Second, various known models of investors are competed systematically on a unified data track. Among the many proposed approaches for managing an investment portfolio there is one generating possible solutions to the investment portfolio problem using multi-stage selection. Third, by heuristic restructuring new models of investors may be assembled, which in turn are to be competed as well.
The presentation is attached.
After the presentation we will head for some casual networking and beer.
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