Diversification is one of the major components of investment decision-making under risk or
uncertainty. However, paradoxically, as the 2007–2009 financial crisis revealed, the concept …

We provide an axiomatic foundation for the measurement of correlation diversification in a
one-period portfolio model. We propose a set of eight desirable axioms for this class of …

Résumé Cette thèse porte sur le concept de la diversification et sa mesure en théorie des
choix de portefeuille. La diversification est un concept clé en finance et en économique, et …

The beliefs and strategies to be mobilized by individuals who are about to start their activity
as investors in financial markets have been an issue scarcely explored in the field of …

Behavioral finance is under construction as a solid structure of finance. It substitutes normal
people for rational people in standard finance, behavioral portfolio theory for mean-variance …

After the 2008 financial crisis, some have questioned the historically positive benefits of
diversification, meanwhile others have stated a clear misunderstanding of what …

In this paper we present a rigorous, yet easy to apply method that substitutes those tedious
techniques and error prone procedures that are currently used in finding optimal portfolios …

Predicting the behavior of returns of stocks remains challenging to this date. Classical
(traditional) finance theories failed the test of time. Behavioral finance theories, if they …

En este artículo se utilizan métodos de análisis financiero-teoría de portafolios-para
examinar cambios estructurales entre 2005 y 2016 en los retornos de inversión en …

2015 dissertation for MSc Finance and Risk. Selected by academic staff as a good example
of a masters level dissertation. Purpose–The aim of this dissertation is to examine the impact …