While optimally weighted GMM estimation has desirable large sample properties, its small
sample performance is poor in some applications. We propose a computationally simple …

… on a subset of m outcomes (zero elsewhere), while π ∗ is also uniformly distributed, but
on only n of those outcomes, n ≤ m . Then, I should be increasing in m, because more …

… STUTZER* Consider the following simple macroeconomic growth model a … MJ Stutzer,
Chuotic dywmics … MJ Stutzer, Chaotic drtrcrmics and bifurcation …

… Michael Stutzer is professor of finance at the University of … 582) As noted by Leland (1999),
“[M]ost practice is firmly … direct analysts to select a portfolio, m, that makes the probability of …

… However, we have argued elsewhere (Smith and Stutzer 1988) that this is, in fact, not true
of all financial mutuals, nor do all financial mutuals hold the liquid assets required for large-…

Nonprofit, mutually owned insurance and banking organizations have significant market
shares in the insurance and banking industries. A first step in a systematic study of these …

… estimate var[m’], and just check whether the population variance bound inequality var [m,] 2
var [m”] … But this is of no consequence, because we have just shown that a candidate SDF m, …

This paper provides an alternative behavioral foundation for an investor's use of power
utility in the objective function and its particular risk aversion parameter. The foundation is …

… A 1994 publication of mine (Stutzer [26]) used Hua He’s [20] … connection was established
earlier by Stutzer [27, sec.3.2.3]. … of option pricing is presented in Stutzer [28], applied by Zou …

… To derive it, divide (14) by E[m]=d>0 and rearrange to produce the following condition:(18)
E R m E [m] = 1 d which is more compactly written(19) E P R− 1 d ≡ E P [f(x;d)]=0 by utilizing …