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

Autor HD Vinod
en Limba Engleză Hardback – 8 noi 2004
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.
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Specificații

ISBN-13: 9780471234425
ISBN-10: 0471234427
Pagini: 320
Dimensiuni: 157 x 238 x 20 mm
Greutate: 0.56 kg
Editura: Wiley
Seria Wiley Series in Probability and Statistics

Locul publicării:Hoboken, United States

Public țintă

Academics and professionals in the fields of finance and economics; Mathematicians and statisticians interested in finance and investments; Graduate students with courses in finance, portfolio management, and asset pricing; Wall Street and risk professionals.

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Descriere

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 go on to show that many types of asymmetry of stock returns or investor reactions cause the existing theory to fail.