Portfolio Selection Based on Bayesian Theory

<table class="table-group" id="tab3"><tr><td><table class="table"><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr class="thead"><td class="align_left"> </td><td class="align_center">Short-selling</td><td class="align_center">No short-selling</td></tr><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr><td class="align_left">Sharpe ratio</td><td class="align_center">0.440</td><td class="align_center">0.101</td></tr><tr class="table-tr"><td colspan="3"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>Sharpe ratios of BMS-GARCH(1,1).</div>

Mathematical Problems in Engineering

tab3

Table 3

Table 3: Portfolio Selection Based on Bayesian Theory 