Whang, Y-J.

portfolio hypothesis sample cient theorem distribution assumption dominance statistic bootstrap value function result alternative inf x 2x ciency ssd e cient e cient lemma order inequality x 1 2 return alternative hypothesis block inf qt de...ne 1=2 power utility criterion fsd e ciency problem asset x 0 2 procedure criteria research economic series proof dominance criteria test statistic de...nition approach theorem 1. subsampling di convergence result observation sequence fx 2 x test statistic wt 1 1 xt testing bootstrap sample wt class grid search figure convergence 1 1 erasmu management market sample size method report 0 0 utility function application process optimization benchmark simulation boundary stock condition sample wt su ces x 2 x sd e ciency