INVESTORS’ PREFERENCES AND PAYOFFS FROM STRUCTURED PRODUCTS

• Authors: Wojciech Zatoń
• 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.

Keywords

EN

structured financial products; utility function; prospect theory

• Publisher: Katedra Ekonometrii i Statystyki, Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
• Journal: Metody Ilościowe w Badaniach Ekonomicznych
• Year: 2013
• Volume: 14
• Issue: 2
• Pages: 279-288

Dates

published

2013

Contributors

author

Wojciech Zatoń

• Centre for Central Banking and Financial Intermediation University of Lodz

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