TY - JOUR AU - Muhammad Akram Ramadhan bin Ibrahim,, AU - Hee, Pah Chin AU - Islam, Mohd Aminul PY - 2019/12/29 Y2 - 2024/03/29 TI - OPTIMAL PORTFOLIO SELECTION BY USING COOPERATIVE GAME THEORY APPROACH DURING MALAYSIA GENERAL ELECTION 14 AND ITS PERFORMANCE JF - INTERNATIONAL JOURNAL OF ALLIED HEALTH SCIENCES JA - Inter. J. All. Heal. Sci. VL - 3 IS - 3 SE - Original Articles DO - 10.31436/ijahs.v3i3.355 UR - https://journals.iium.edu.my/ijahs/index.php/IJAHS/article/view/355 SP - 795-795 AB - <p class="Abstract"><span lang="IN">The cooperative game theory approach focusses on the final decision to the investors' portfolio based on the payoffs. </span><span lang="EN-US">In this paper,</span><span lang="IN">the model of players (sectors) is divided into three groups where each player will have three strategies (stocks) for the game. The prices of each stock </span><span lang="EN-US">from Bursa Malaysia</span><span lang="IN"> have been used</span> <span lang="IN">in order to get the</span><span lang="EN-US"> payoff f</span><span lang="IN">rom</span><span lang="EN-US"> each stock and its</span> <span lang="EN-US">coalition sectors by averaging the returns.</span> <span lang="EN-US">The </span><span lang="IN">game </span><span lang="EN-US">value</span> <span lang="IN">of the </span><span lang="EN-US">multiple-player game will be applied to obtain Shapley value </span><span lang="IN">to find</span><span lang="EN-US"> the optimal increment of the returns. </span><span lang="IN">The players will cooperate to defeat the market by using Shapley value percentages. The optimal portfolio performance has been calculated during Malaysia GE14 by using Sharpe criteria</span>. The proposed portf<span lang="IN">o</span>lio performed outperformed the market in 6 months before and after GE14.</p> ER -