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Los fundamentos matemáticos: teoría de las finanzas

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  • Ulises Carcamo Carcamo

Abstract

Para incluir modelos relativos a las decisiones financieras en condiciones de incertidumbre, necesitamos extender la teoría básica incorporando los entes adecuados.Un primer paso en este proceso es una aproximación a la Teoría de laUtilidad. En ella, los objetos básicos son las loterías que representan situaciones de elección en condiciones de riesgo. Se presenta un conjunto de axiomas para una teoría de la elección en condiciones de riesgo. Los resultados de la teoría se pueden entender fácilmente a partir de su interpretación geométrica.Las aplicaciones a las finanzas requieren de una generalización de esateoría y de unos supuestos adicionales. Aquellas se presentan de dosmaneras: intuitiva y semi-formal.Se presenta un modelo sencillo pero poderoso que incluye las principales características de otros modelos más avanzados.

Suggested Citation

  • Ulises Carcamo Carcamo, 2004. "Los fundamentos matemáticos: teoría de las finanzas," Revista Semestre Económico, Universidad de Medellín, June.
  • Handle: RePEc:col:000217:005582
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