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The Efficiency Analysis of Choices Involving Risk

In: HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I

Author

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  • G. HANOCH
  • H. LEVY

Abstract

The following sections are included:INTRODUCTIONUNRESTRICTED UTILITY—THE GENERAL EFFICIENCY CRITERIONEFFICIENCY IN THE FACE OF RISK AVERSIONTHE LIMITATIONS OF THE MEAN–VARIANCE EFFICIENCY CRITERIONCONCLUSIONREFERENCES

Suggested Citation

  • G. Hanoch & H. Levy, 2013. "The Efficiency Analysis of Choices Involving Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 17, pages 287-298, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789814417358_0017
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