Alternative Approaches to Asset Allocation
介绍了三种资产配置方法：等权重分配、均值-方差分析和全尺度优化，后者考虑了资产收益的完整分布和投资者偏好。
The author describes three alternative approaches to asset allocation: 1/N, which equally weights the portfolio’s assets; mean–variance analysis, which considers the expected returns and risk of the portfolio’s asset classes but only as summary statistics; and full-scale optimization, which explicitly considers the entire multivariate distribution of the asset classes’ returns, along with more realistic descriptions of investor preferences.