Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | Theory matters for financial advice! |
| Organization Unit | |
| Authors |
|
| Language |
|
| Institution | University of Zurich |
| Series Name | NCCR FINRISK Working Paper |
| Number | 866 |
| Number of Pages | 25 |
| Date | 2013 |
| Abstract Text | We show that the optimal asset allocation for an investor depends crucially on the theory with which the investor is modeled. For the same market data and the same client data different theories lead to different portfolios. The market data we consider is standard asset allocation data. The client data is determined by a standard risk profiling question and the theories we apply are mean-variance analysis, expected utility analysis and cumulative prospect theory. |
| Official URL | http://www.nccr-finrisk.uzh.ch/wps.php?action=query&id=866 |
| Other Identification Number | merlin-id:8770 |
| PDF File |
Download from ZORA
|
| Export |
BibTeX
EP3 XML (ZORA)
|