In this paper we analyze the investors’ tendency to risk/earn on the stock market. In particular, we distinguish between two different phases of this analysis: we first value the ex-post wealth obtained by several optimal portfolio strategies in order to propose a questionnaire that covers all preferences held by some potential investors. Then we analyze the behavior of each investor on a homogeneous scale with respect to the latent variable (tendency to risk/earn) in order to characterize the optimal choice for each admissible investor. Finally, we comment the results of statistics obtained from this empirical analysis of the latent variable.
On the investor’s tendency to risk/earn on the stock market
CAVIEZEL, Valeria;ORTOBELLI LOZZA, Sergio
2011-01-01
Abstract
In this paper we analyze the investors’ tendency to risk/earn on the stock market. In particular, we distinguish between two different phases of this analysis: we first value the ex-post wealth obtained by several optimal portfolio strategies in order to propose a questionnaire that covers all preferences held by some potential investors. Then we analyze the behavior of each investor on a homogeneous scale with respect to the latent variable (tendency to risk/earn) in order to characterize the optimal choice for each admissible investor. Finally, we comment the results of statistics obtained from this empirical analysis of the latent variable.| File | Dimensione del file | Formato | |
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