Celoživotní finanční plánování a související rizika

• Main Author: Janečková, Barbora
• Other Authors: Vaníček, Karel
• Format: Dissertation
• Language: Czech
• Published: 2010
• Online Access: http://www.nusl.cz/ntk/nusl-298741

This thesis deals with investment models and with their extensions involving human capital. We mention classic models known from modern portfolio theory, Markowitz model and Capital asset pricing model.We define conception of human capital, describe it's three specific risks and introduce models which deal with the three risks. Then we focuse on one of the mentioned models, we use theory of copulas to extend the model. For purpose of this extension the thesis contains basic definitions and properties of copula functions. Then we show the algorithm of choosing best-fit copula by using concrete data and make up an example to demonstrate the difference in allocation advice obtained from the original and the extended model.