A PEEK AT THE TRADEOFF RELATIONSHIP BETWEEN EXPECTED RETURN AND RISK.
This article discusses a study which analyzed an investment problem under conditions of uncertainty. To judge the value of a contingent remainder, an investor should know something about the probability density function of present values associated with it. This study found that it is possible to fi...
| Publicado en: | Quarterly Journal of Economics Vol. 81; no. 3; pp. 437 - 457 |
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| Formato: | Artículo |
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Oxford University Press / USA
Aug67
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4964236&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4964236 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00335533 QJE jtl: Quarterly Journal of Economics issn: 00335533 maglogo: N pubinfo: dt: Aug67 vid: 81 iid: 3 pid: 622 pub: Oxford University Press / USA artinfo: ui: 4964236 10.2307/1884810 ppf: 437 ppct: 20 formats: tig: atl: A PEEK AT THE TRADEOFF RELATIONSHIP BETWEEN EXPECTED RETURN AND RISK. aug: au: Summers, Robert affil: London School of Economics and Political Science su: Investments Investors Finance Density functionals Assets (Accounting) Selling sug: subj: Investments Investors Finance Density functionals Assets (Accounting) Selling ab: This article discusses a study which analyzed an investment problem under conditions of uncertainty. To judge the value of a contingent remainder, an investor should know something about the probability density function of present values associated with it. This study found that it is possible to find the probability density function and to compute from it the appropriate arguments for his preference function. In conclusion, it has been found that in a certain fairly special market, an asset with a return that is not certain sells at prices reflecting aversion to risk. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1967 holdings: @attributes: islocal: N |
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