Article ID: | iaor20063293 |
Country: | Spain |
Volume: | 1 |
Issue: | 1 |
Start Page Number: | 119 |
End Page Number: | 134 |
Publication Date: | May 1996 |
Journal: | Fuzzy Economic Review |
Authors: | Sard S., Lorenzana T., Mrquez N. |
Keywords: | fuzzy sets, economics |
In this study we attempt to model a classical problem in the literature of finance, giving a different meaning to the notion of risk. When selecting portfolios, as in all decision making processes, risk is a determining factor and it is included in classical models using statistical parameters. Our aim is to formulate a model which enables a portfolio to be created which is satisfactory for an individual who is prepared to assume a certain level of risk and which we shall approach using fuzzy set theory.