PORTFOLIO CHOICE AND RISK

被引：2
|
作者：
ENCARNACION, J
机构：
[1] University of the Philippines, Quezon City
来源：
JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 1991年 / 16卷 / 03期
关键词：
D O I：
10.1016/0167-2681(91)90019-T
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Risk and risk aversion are interpreted in terms of a lexicographic model of portfolio choice where the Telser criterion of expected value is maximized if the Cramér-Roy safety first criterion is satisfied, whence less risk aversion or more wealth implies a riskier portfolio and a higher return per dollar, and the asset demand for money - if held in the portfolio - is less at a higher rate of interest. © 1991.
引用
收藏
页码：347 / 353
页数：7
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