Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely:  generalize the Black–Litterman (BL) portfolio management framework to incorporate time-variation in the conditional distribution of returns in the asset allocation process.  evaluate the performance of the dynamic BL model using both standard performance ratios as ll as other measures that are designed to capture tail risk in the presence of non-normally distributed asset returns.  find that the dynamic BL model outperforms a range of different benchmarks. Moreover,  show that the choice of volatility model has a considerable impact on the performance of the dynamic BL model.
['Richard D. F. Harris', 'Evarist Stoja', 'Linzhi Tan']
I am writing a research paper on a idea The Dynamic Black-Litterman Approach to Asset Allocation
[{"from": "human", "value": "I am writing a research paper on a idea The Dynamic Black-Litterman Approach to Asset Allocation"}, {"from": "gpt", "value": "Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely:  generalize the Black\u2013Litterman (BL) portfolio management framework to incorporate time-variation in the conditional distribution of returns in the asset allocation process.  evaluate the performance of the dynamic BL model using both standard performance ratios as ll as other measures that are designed to capture tail risk in the presence of non-normally distributed asset returns.  find that the dynamic BL model outperforms a range of different benchmarks. Moreover,  show that the choice of volatility model has a considerable impact on the performance of the dynamic BL model."}]