The thermodynamics of portfolios
Statistical Mechanics
2008-12-02 v1 Portfolio Management
Abstract
We propose a new method of valuation of portfolios and their respective investing strategies. To this end we define a canonical ensemble of portfolios that allows to use the formalism thermodynamics.
Cite
@article{arxiv.cond-mat/0011280,
title = {The thermodynamics of portfolios},
author = {E. W. Piotrowski and J. Sladkowski},
journal= {arXiv preprint arXiv:cond-mat/0011280},
year = {2008}
}
Comments
8 pages, LaTeX, appolb.cls is required