Preparing for the Worst
Incorporating Downside Risk in Stock Market Investments
Stock market investors have very different reactions to downside versus upside risk. This book begins by explaining the current treatment of stock market risk and methods of lowering that risk. The authors then show that many types of asymmetry of stock returns or investor reactions cause the existing theory to fail. They present the theory of downside risk and utility theory to account for the asymmetry, showing how the previous model can be adjusted for downside risk.
Stock market investors have very different reactions to downside versus upside risk. This book begins by explaining the current treatment of stock market risk and methods of lowering that risk. The authors then show that many types of asymmetry of stock returns or investor reactions cause the existing theory to fail. They present the theory of downside risk and utility theory to account for the asymmetry, showing how the previous model can be adjusted for downside risk.
| Autor: | Reagle Derrick Vinod, Hrishikesh (Rick) D. |
|---|---|
| ISBN: | 9780471234425 |
| Sprache: | Englisch |
| Produktart: | Gebunden |
| Verlag: | Wiley |
| Veröffentlicht: | 09.11.2004 |
| Untertitel: | Incorporating Downside Risk in Stock Market Investments |
| Schlagworte: | Finance & Investments Finanz- u. Anlagewesen Finanz- u. Wirtschaftsstatistik Investments & Securities Kapitalanlage Kapitalanlagen u. Wertpapiere Personal finance Private Finanzplanung Statistics Statistics for Finance, Business & Economics Statistik Wirtschaftsstatistik |
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