Definitions from Wikipedia (Behavioral portfolio theory)

▸ noun:  Behavioral portfolio theory, put forth in 2000 by Shefrin and Statman,SHEFRIN, H., AND M. STATMAN: "Behavioral Portfolio Theory," Journal of Financial and Quantitative Analysis, 35(2), 127–151. provides an alternative to the assumption that the ultimate motivation for investors is the maximization of the value of their portfolios.


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