A Comparison of Basic and Extended Markowitz Model on Croatian Capital Market

  • Bruna Škarica
  • Published 2013


Markowitz' mean variance model for portfolio selection, first introduced in H.M. Markowitz' 1952 article, is one of the best known models in finance. However, the Markowitz model is based on many assumptions about financial markets and investors, which do not coincide with the real world. One of these assumptions is that there are no taxes or transaction… (More)

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