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2010 | 9 | 1 | 24-33

Article title

Methodological Aspects of Behavioural Portfolio with Multitasking

Title variants

Languages of publication

EN

Abstracts

EN
The main goal of this article is to show how much complicated is the process of building portfolio in behavioural approach. This approach is strongly connected with multitasking because of fact of conflicting goals in the making decision process. The graphic interpretation of the influence of the changes in investor's preferences on the utility curve will be analysed in this paper. The perspectives theory by Kahneman and Tversky is the base of methodological considerations included in this work.

Publisher

Year

Volume

9

Issue

1

Pages

24-33

Physical description

Dates

published
2010-01-01
online
2011-12-21

Contributors

  • Department of Insurance and Capital Markets, Faculty of Management Science and Economics, University of Szczecin, Mickiewicza 64, 71-101 Szczecin

References

  • Barberis, N., Thaler, R. (2002). A Survey of Behavioural Finance. Handbook of the Economics of Finance, September.
  • Kahneman, D., Tversky, A. (1979). Prospect Theory: An Analysis of Decision under Risk. Econometrica, Vol. 47, No. 2, 279.
  • Lavine, A. (1996). Wszystko o funduszach powierniczych. Warszawa: WIG-PRESS.
  • Lopes L. (1987). Between hope and fear. The psychology of risk. Advances in Experimental Social Psychology, Vol. 20, 255-295.
  • Majewska, A., Majewski, S. (2009). Results of mistaken time period in analysis in the case of framing effect for some capital markets' models, Metody ilościowe w badaniach ekonomicznych, nr X, Warszawa: Wydawnictwo SGGW.
  • Majewski, S. (2010). Obciążenia poznawcze w procesie korzystania z zależności na rynkach papierów wartościowych. Wrocław: PN UE.
  • Majewski, S. (2005). Piramidalna struktura portfeli funduszy inwestycyjnych akcji. Zeszyty Naukowe Uniwersytetu Szczecińskiego nr 413, Szczecin.
  • Pew, R., Mavor, A. (1995) (Eds.). Modelling human and organizational behaviour: Application to military simulations. Washington, D. C., National Academy Press, 112-128.
  • Shefrin, H., Statman, M. (2000). Behavioral Portfolio Theory. Journal of Financial Quantitative Analysis, Vol. 35, No. 2.
  • Thaler, R. H. (1999). Mental Accounting Matters. Journal of Behavioural Decision Making 12, 183-206.
  • Zaleśkiewicz, T. (2003). Psychologia inwestora giełdowego. Wprowadzenie do behawioralnych finansów. Gdańsk: GWP.

Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.doi-10_2478_v10031-010-0008-4
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