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Selected Works of Lester G Telser
Unpublished Paper
II. Safety First
(2013)
  • Lester G Telser, University of Chicago
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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/