PL EN


2013 | 14 | 2 | 279-288
Article title

INVESTORS’ PREFERENCES AND PAYOFFS FROM STRUCTURED PRODUCTS

Authors
Content
Title variants
Languages of publication
EN
Abstracts
EN
The attractiveness of structured products is mainly due to the fact that the diversity of their structures corresponds to the specific preferences of different groups of investors. To determine the appropriate investment product for an investor it is necessary to identify investor preferences, attitude toward risk. The paper contains an analysis of investors preferences in relation to the payoffs from the typical structured products. Investors’ preferences are based both on the rational choice theory and the prospect theory.
Year
Volume
14
Issue
2
Pages
279-288
Physical description
Dates
published
2013
Contributors
References
  • Blumke A. (2011) Jak inwestować w produkty strukturyzowane, Wolters Kluwer Polska, Warszawa.
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  • Hens T., Rieger M. (2008) The dark side of the moon: structured products from the customer’s perspective, National Centre of Competence in Research Financial Valuation and Risk Management, Working Paper No. 459, http://www.econbiz.de/archiv1/2008/47197_structured_products_perspective.pdf, accessed: 20/05/2013
  • Kahneman D., Tversky A. (1979) Prospect Theory: An Analysis of Decision Under Risk, Econometrica 47, 1979, 263-291.
  • Ogaki M., Zhang Q. (2001) Decreasing Relative Risk Aversion and Tests of Risk Sharing, Econometrica 69 (2), 515-526.
  • Pindyck R. S. (1988) Risk Aversion and the Determinants of Stock Market Behavior, Review of Economic Studies 70 (2), 183-190.
  • Tversky A., Kahneman D. (1992) Advances in Prospect Theory: Cumulative Representation of Uncertainty, Journal of Risk and Uncertainty 5, 297-323.
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.desklight-a495c544-186c-4f9f-a793-bab93fa728cf
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