A reaxiomatization of portfolio theory

DOI10.1006/JMPS.1994.1007MaRDI QIDQ1320104zbMATH OpenOpenAlexFDO

Authors Reinhard Suck, Astrid Getta

Publication date 19 April 1994

Published in Journal of Mathematical Psychology (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1006/jmps.1994.1007

zbMATH Keywords

axiom systemconjoint measurementportfolio theorypreferential choice

Mathematics Subject Classification ID

Social and behavioral sciences: general topics (91C99) Portfolio theory (91G10)

Review text

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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(8)

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• Revisions of modern portfolio theory optimization model
• A network approach to risk theory and portfolio selection
• Intelligent Portfolio Theory and Strength Investing in the Confluence of Business and Market Cycles and Sector and Location Rotations

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