Individual and Collective Attitude Towards Risk
The paperwork considers all aspects connected with the individual perception of risks but also the perception of the investors. Theoretically, there were formulated a series of hypotheses which represented the basis to econometrics patterns, thus surprising the risk dominance and the market dominanc...
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| Format: | Article |
| Language: | English |
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Ovidius University Press
2018-01-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
| Subjects: | |
| Online Access: | http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2019/02/32.pdf |
| Summary: | The paperwork considers all aspects connected with the individual perception of risks but also the perception of the investors. Theoretically, there were formulated a series of hypotheses which represented the basis to econometrics patterns, thus surprising the risk dominance and the market dominance about the attitude towards the risk. One of the important aspects considered was the subjectivism of the investors when they appreciate and identify different risk classes. An initial condition for axioma elaboration and construction of mathematical framework is the rational behaviour of the investors. As a mathematical pattern, it is treated under various aspects the futile function of the risk. The theoretical approach supported by the mathematical demonstration underlined the abomination to risk both at an individual level as well as at the market level. |
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| ISSN: | 2393-3127 2393-3127 |