參考文獻 |
1. Abeysekera, S. P., and E. S. Rosenbloom (2000), “A simulation model between lump sum and dollar-cost averaging,” Journal of Financial Planning, 13, 86-96.
2. Aumann, R., and R. Serrano (2008), “An economic index of riskiness,” Journal of Political Economy, 116, 810–836.
3. Arrow, K. (1965) Aspects of the Theory of Risk Bearing, Yrjo Jahnsson
Saatio, Helsinki.
4. Constantinides, G. M. (1979), “A note on the sub-optimality of dollar-cost averaging as an investment policy,” Journal of Financial and Quantitative Analysis, 14, 443-450.
5. Dubil, R. (2005), “Lifetime Dollar-Cost Averaging: Forget Cost Saving, Think Risk Reduction,” Journal of Financial Planning, 18, 86-90.
6. Foster, D., and S. Hart (2009), “An operational measure of riskiness,” Journal of Political Economy, 117, 785–814.
7. Homm, U., and C. Pigorsch (2012), “Beyond the Sharpe ratio: An application of the Aumann–Serrano index to performance measurement,” Journal of Banking & Finance, 36, 2274–2284.
8. Israelson, C. L. (1999), ”Lump Sums Take Their Lumps: Contrary to Popular Opinion, Lump-sum Investing Doesn’t Always Result in Superior Returns Over Dollar-cost Averaging,” Financial Planning, 29, 51-56.
9. Kahneman, D., and A. Tversky (1979), “Prospect Theory: An Analysis of Decision Making Under Risk,” Econometrica, 47, 263-291.
10. Leggio, K. B., and D. Lien (2001), “Does Loss Aversion Explain Dollar-Cost Averaging,” Financial Services Review, 10, 117–127.
11. Leggio, K. B. and D. Lien (2003), “An Empirical Examination of the Effectiveness of Dollar-Cost Averaging Using Downside Risk Performance Measures,” Journal of Economics and Finance, 27, 211-223.
12. Malkiel, B. G. (1975), “A Random Walk Down Wall Street,” New York, W.W. Norton & Co.
13. Markowitz, H. (1952), “Portfolio Selection,” The Journal of Finance, 7, 77-91.
14. Marshall, P. S., (2000), “A Statistical Comparison of Value Averaging V.S. Dollar Cost Averaging and Random Investment Technique,” Journal of Financial and Strategic Decisions, 13, 87-98.
15. Meir, S., (1995), ”A Behavioral Framework for Dollar-Cost Averaging,” Journal of Portfolio Management, 22, 70-77.
16. Pratt, J. (1964), “Risk aversion in the small and in the large,” Econometrica, 32, 122-136.
17. Pye, G., (1971), “Minimax Policies for Selling an Asset and Dollar Averaging,” Management Science, 17, 379-393.
18. Rozeff, Michael S. (1994), “Lump-Sum Investing versus Dollar-Averaging,” Journal of Portfolio Management, 20, 45-50.
19. Schnytzer, A., and S. Westreich (2012), “A global index of riskiness,” Economics Letters, 3, 493-496.
20. Sharpe, W. F. (1964), “Mutual fund performance,” Journal of business, 39, 119-138.
21. Sharpe, W. F. (1994), “The Sharpe ratio,” Journal of Portfolio Management, 21, 49–58.
22. Sortino, F., and L. Price (1994), “Performance Measurement in a Downside Risk Framework,” Journal of lnvesting, 3, 59-64.
23. Sortino, F., R. van der Meer, and A. Plantinga (1999), “The Dutch Triangle: A Framework to Measure Upside Potential Relative to Downside Risk,” Journal of Portfolio Management, 26, 50-57.
24. Stumpp, M. (1995), “The Dollar Cost Fallacy,” Forbes, 155, 59.
25. Trainor, W. J. Jr. (2005), “Within-horizon exposure to loss for dollar cost averaging and lump sum investing,” Financial Services Review, 14, 319-330.
26. Treynor, J. L. (1965), “How to rate management of investment funds,” Harvard Business Review, 43, 63-75.
27. Von Neumann, J. and Morgenstern, O. (1944), “Theory of Games and Economic Behavior,” Princeton : Princeton University Press.
28. Williams, R. E. and P. W. Bacon (1993), “Lump Sum Beats Dollar-Cost Averaging,” Journal of Financial Planning, 6, 64-67.
|