A reaxiomatization of portfolio theory (Q1320104)
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scientific article; zbMATH DE number 554107
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| English | A reaxiomatization of portfolio theory |
scientific article; zbMATH DE number 554107 |
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A reaxiomatization of portfolio theory (English)
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19 April 1994
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An axiom system is proposed which casts portfolio theory in the framework of conjoint measurement. These axioms have a set of gambles with uncertain outcomes and these are represented with riskiness and expectation to predict preferential choice. While the representation is numerical the axioms proposed are qualitative. It is shown that these axioms improve the characterization of portfolio theory.
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axiom system
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portfolio theory
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conjoint measurement
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preferential choice
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0.7721837759017944
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0.7629542946815491
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0.757737398147583
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0.7462893128395081
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