Author's Reply: Problems With Extending Conclusions Between Bowman's Paradox and Beta's Death

Cano Rodríguez, Manuel; Núñez-Nickel, Manuel

Publication:
Author's Reply: Problems With Extending Conclusions Between Bowman's Paradox and Beta's Death

dc.affiliation.dpto	UC3M. Departamento de Economía de la Empresa	es
dc.contributor.author	Cano Rodríguez, Manuel
dc.contributor.author	Núñez-Nickel, Manuel
dc.date.accessioned	2010-02-25T10:19:25Z
dc.date.available	2010-02-25T10:19:25Z
dc.date.issued	2003-10
dc.description.abstract	This issue of Omega contains a commentary by P.L. Brockett, W.W. Cooper, K.H. Kwon, and T.W. Ruefli on the review of Bowman's paradox by Nickel and Rodríguez, published in the February 2002 issue of Omega. In their commentary, the authors describe an article, published in the 1992 issue of Decision Sciences but not covered by the review, and claim that they had previously overcome three of the outstanding problems noted in Nickel and Rodríguez's review. This reply to the commentary proves that the conclusions drawn in the review by Nickel and Rodríguez are relevant in spite of the Brockett et al. arguments against them. In this reply, we show that the paper by Brockett et al. neither explains Bowman's paradox nor resolves its underlying problems. First, the definitions of risk and return measures are mathematically linked, and second, a cross-sectional methodology is used. We also provide our opinion on what would be necessary to bear in mind in order to extend any conclusion from Bowman's paradox to beta's death and vice versa.
dc.description.status	Publicado
dc.format.mimetype	application/pdf
dc.identifier.bibliographicCitation	Omega, 2003, vol. 31, nº 5, p. 413-416.
dc.identifier.issn	0305-0483
dc.identifier.publicationfirstpage	413
dc.identifier.publicationissue	5
dc.identifier.publicationlastpage	416
dc.identifier.publicationtitle	Omega
dc.identifier.publicationvolume	31
dc.identifier.uri	https://hdl.handle.net/10016/7020
dc.language.iso	eng
dc.publisher	Elsevier
dc.relation.publisherversion	http://dx.doi.org/10.1016/S0305-0483(03)00057-4
dc.rights	Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRights	open access
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.eciencia	Empresa
dc.subject.other	Risk and return measures
dc.subject.other	Kinds of risk
dc.subject.other	Risk adverse
dc.subject.other	Risk prone
dc.title	Author's Reply: Problems With Extending Conclusions Between Bowman's Paradox and Beta's Death
dc.type	research article	*
dc.type.review	PeerReviewed
dspace.entity.type	Publication