Risk, Return and Risk Aversion: A Behavioral Rendition
Behavioral finance and classical finance based on utility maximization appear to be mutually exclusive schools of thought. Despite the fundamental difference, we show that behavioral finance also has a linear relation between risk and return. This relation is obtained without the assumptions of mark...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2004
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| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/2338 https://ink.library.smu.edu.sg/context/lkcsb_research/article/3337/viewcontent/2204paper_ghmom.pdf |
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| Institution: | Singapore Management University |
| Language: | English |