英文文献：An Empirical Examination of the Expected Value - Variance Criterion Subject to a Sparse Constraint Set
英文文献作者：Reid, Donald W.,Tew, Bernard V.
英文文献摘要：
The theoretical difficulties of the mean-variance (E-V) criterion are well known. A number of recent research efforts have tested the criterion's effectiveness in a publicly traded securities environment. This research explores the performance of the E-V criterion using agricultural investment opportunities. Results of this study indicate that the mean-variance criterion performs well in selecting activities which maximize expected utility. These results are consistent with results of earlier research dealing with tradeable securities.