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A Two-Timescale Neurodynamic Approach to Minimax Portfolio Optimization

Research output: Chapters, Conference Papers, Creative and Literary WorksRGC 32 - Refereed conference paper (with host publication)peer-review

Abstract

This paper is concerned with asset allocation based on two-timescale neurodynamic optimization. The portfolio optimization in classical mean-variance framework is reformulated as a minimax portfolio selection problem and a two-timescale neurodynamic approach is developed to solve the problem. The neurodynamic approach incorporates a recurrent neural network (RNN) operating on two different timescales. Computational results show the efficacy and performance of the developed approach to asset allocation.
Original languageEnglish
Title of host publication11th International Conference on Information Science and Technology (ICIST)
PublisherIEEE
Pages438-443
ISBN (Electronic)978-1-6654-1266-7
ISBN (Print)978-1-6654-2941-2
DOIs
Publication statusPublished - May 2021
Event11th International Conference on Information Science and Technology, ICIST 2021 - Chengdu, China
Duration: 21 May 202123 May 2021
https://conference.cs.cityu.edu.hk/icist/

Publication series

NameInternational Conference on Information Science and Technology, ICIST
ISSN (Print)2164-4357
ISSN (Electronic)2573-3311

Conference

Conference11th International Conference on Information Science and Technology, ICIST 2021
PlaceChina
CityChengdu
Period21/05/2123/05/21
Internet address

Research Keywords

  • Asset allocation
  • minimax
  • neurodynamic optimization
  • recurrent neural networks
  • two-timescale

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