RISK, RETURN, AND UTILITY

被引：104
作者：
BELL, DE
机构：
来源：
MANAGEMENT SCIENCE | 1995年 / 41卷 / 01期
关键词：
RISK; RETURN; UTILITY; INVESTMENTS;
D O I：
10.1287/mnsc.41.1.23
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
Expected utility theory is widely acknowledged to be a rational approach to making decisions involving risk. Yet the methodology gives no explicit role to measures of risk and return. In this paper we identify those families of utility functions that are compatible with a risk-return interpretation. From these families we deduce utility-compatible measures of risk.
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收藏
页码：23 / 30
页数：8
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