haku: @author Speckbacher, G. / yhteensä: 5
viite: 5 / 5
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| Tekijä: | Speckbacher, G. |
| Otsikko: | Der Erwartungswert relativer Rückflüsse als Kriterium der Portfoliaselektion |
| Lehti: | Zeitschrift für Betriebswirtschaft
1996 : VOL. 66:4, p. 475-486 |
| Asiasana: | PORTFOLIO SELECTION UTILITY FUNCTIONS ECONOMIC BEHAVIOUR |
| Kieli: | ger |
| Tiivistelmä: | In a standard portfolio model we discuss a plausible criterion which can be used to compare alternative decisions on the basis of a valuation with state dependent opportunity costs. Although the fundamental transitivity axiom underlying the standard utility approach is violated, the criterion is closely related to an expected utility approach. Therefore, the proposed criterion provides some new interpretations of expected maximizing behavior. |
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