Portfolio Optimization Utilizing the Framework of Behavioral Portfolio Theory

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....

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Bibliographic Details
Main Authors: K.-H.Chang, M.N.Young, J.F.T.Diaz
Format: Article
Language:English
Published: Operations research society of Taiwan 2018-03-01
Series:International Journal of Operations Research
Subjects:
BPT
portfolio optimization
SP/A theory
mental accounts
Online Access:http://www.orstw.org.tw/ijor/vol15no1/IJOR2018_vol15_no1_p1_p13.pdf

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