id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
dem-1059	Pajor, Anna	Bayesian Optimal Portfolio Selection in the MSF-SBEKK Model	2011	14	.pdf	application/pdf	6391	200	60	If we assume that there are no transaction costs and the investor uses the median of the predictive distribu- tion of TsTMVRp |,*  w (denoted by op TsTMVRp w |,1,*  ) to construct optimal portfolio, then the investor’s wealth at time T+s is given by: -7 -6 -5 -4 -3 -2 -1 0 1 2 3 4 5 6 7 20 07 -0 Bayesian Optimal Portfolio Selection in the MSF-SBEKK Model 43 In (4) A is a free symmetric positive definite matrix of order n; for A-1 we as- sume the Wishart prior with n degrees of freedom and mean In; β and γ are free scalar parameters, jointly uniformly distributed over the unit simplex.	cache/dem-1059.pdf	txt/dem-1059.txt