Stock market investors have very different reactions to downside versus upside risk. This book begins by explaining the current treatment of stock market risk and methods of lowering that risk. The authors then show that many types of asymmetry of stock returns or investor reactions cause the existing theory to fail. They present the theory of downside risk and utility theory to account for the asymmetry, showing how the previous model can be adjusted for downside risk.
- ISBN10 1280252197
- ISBN13 9781280252198
- Publish Date 1 January 2004
- Publish Status Active
- Out of Print 4 March 2015
- Publish Country US
- Imprint Wiley-Interscience
- Format eBook
- Pages 286
- Language English