Portfolio Optimization with Mental Accounts
نویسندگان
چکیده
منابع مشابه
Portfolio Optimization with Mental Accounts
3 We integrate appealing features of Markowitz’s mean-variance portfolio theory (MVT) 4 and Shefrin and Statman’s behavioral portfolio theory (BPT) into a new mental accounting 5 (MA) framework. Features of the MA framework include an MA structure of portfolios, 6 a definition of risk as the probability of failing to reach the threshold level in each mental 7 account, and attitudes toward risk ...
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ژورنال
عنوان ژورنال: Journal of Financial and Quantitative Analysis
سال: 2010
ISSN: 0022-1090,1756-6916
DOI: 10.1017/s0022109010000141