Unpublished Paper
II. Safety First
(2013)
Abstract
Abstract Selecting that portfolio which maximizes the expected return such that the probability of disaster is below a prescribed level furnishes a reasonable criterion for choice among risky alternatives although it expresses preferences only among alternatives that satisfy the constraint. Criteria for Decision Making under Risk and Uncertainty JEL D81
Keywords
- Portfolio Selection,
- Risk Taking
Disciplines
Publication Date
April, 2013
Comments
Lester Telser
Citation Information
Lester G Telser. "II. Safety First" (2013) Available at: http://works.bepress.com/lester_telser/41/