Portfolio Optimization Utilizing the Framework of Behavioral Portfolio Theory
Investors are assumed to be rational, however, empirical evidence shows otherwise. Investors categorize their investments into different mental accounts (MAs) with different biases. Behavioral portfolio theory (BPT) takes these behaviors and MAs into account when selecting for optimal portfolios....
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Operations research society of Taiwan
2018-03-01
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| Series: | International Journal of Operations Research |
| Subjects: | |
| Online Access: | http://www.orstw.org.tw/ijor/vol15no1/IJOR2018_vol15_no1_p1_p13.pdf |