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Ein Paradox der Portfoliotheorie und vermgensabhngige Nutzenfunktionen

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Springer Nature
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9783824490622
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Die moderne Portfoliotheorie gewinnt in der Finanzwelt zunehmend an Bedeutung. Es fehlt jedoch bislang eine grundstzliche Aufarbeitung der mikrokonomischen Grundlagen dieser Theorie. Andreas Lffler analysiert die Frage, ob und wie eine Risikoaversion bei -s-Prferenzen definiert werden kann. Es ergeben sich grundlegende Probleme bei der relativen Risikoaversion, die durch neuere Vorstellungen eines beschrnkt rationalen Verhaltens ("Geldillusion") berwunden werden knnen.

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