Preparing for the Worst : Incorporating Downside Risk in Stock Market Investments (Wiley Series in Probability and Statistics)

Stock market investors have very different reactions to downside versus upside risk. This book begins by explaining the current treatment of stock market risk and methods of lowering that risk. The authors then show that many types of asymmetry of stock returns or investor reactions cause the existing theory to fail. They present the theory of downside risk and utility theory to account for the asymmetry, showing how the previous model can be adjusted for downside risk.Download DescriptionStock market investors have very different reactions to downside versus upside risk. This book begins by explaining the current treatment of stock market risk and methods of lowering that risk. The authors then show that many types of asymmetry of stock returns or investor reactions cause the existing theory to fail. They present the theory of downside risk and utility theory to account for the asymmetry, showing how the previous model can be adjusted for downside risk. Это и многое другое вы найдете в книге Preparing for the Worst : Incorporating Downside Risk in Stock Market Investments (Wiley Series in Probability and Statistics)