000			03507nam a22004455i 4500
001			978-3-642-11214-0
003			DE-He213
005			20140220084530.0
007			cr nn 008mamaa
008			100310s2010 gw | s |||| 0|eng d
020			_a9783642112140 _9978-3-642-11214-0
024	7		_a10.1007/978-3-642-11214-0 _2doi
050		4	_aQ342
072		7	_aUYQ _2bicssc
072		7	_aCOM004000 _2bisacsh
082	0	4	_a006.3 _223
100	1		_aHuang, Xiaoxia. _eauthor.
245	1	0	_aPortfolio Analysis _h[electronic resource] : _bFrom Probabilistic to Credibilistic and Uncertain Approaches / _cby Xiaoxia Huang.
264		1	_aBerlin, Heidelberg : _bSpringer Berlin Heidelberg, _c2010.
300			_a185p. 51 illus. _bonline resource.
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_atext file _bPDF _2rda
490	1		_aStudies in Fuzziness and Soft Computing, _x1434-9922 ; _v250
505	0		_aWhat Is Portfolio Analysis -- Probabilistic Portfolio Selection -- Credibilistic Portfolio Selection -- Uncertain Portfolio Selection -- Model Varieties.
520			_aThe most salient feature of security returns is uncertainty. The purpose of the book is to provide systematically a quantitative method for analyzing return and risk of a portfolio investment in different kinds of uncertainty and present the ways for striking a balance between investment return and risk such that an optimal portfolio can be obtained. In classical portfolio theory, security returns were assumed to be random variables, and probability theory was the main mathematical tool for handling uncertainty in the past. However, the world is complex and uncertainty is varied. Randomness is not the only type of uncertainty in reality, especially when human factors are included. Security market, one of the most complex markets in the world, contains almost all kinds of uncertainty. The security returns are sensitive to various factors including economic, social, political and very importantly, people’s psychological factors. Therefore, other than strict probability method, scholars have proposed some other approaches including imprecise probability, possibility, and interval set methods, etc., to deal with uncertainty in portfolio selection since 1990s. In this book, we want to add to the tools existing in science some new and unorthodox approaches for analyzing uncertainty of portfolio returns. When security returns are fuzzy, we use credibility which has self-duality property as the basic measure and employ credibility theory to help make selection decision such that the decision result will be consistent with the laws of contradiction and excluded middle. Being aware that one tool is not enough for solving complex practical problems, we further employ uncertain measure and uncertainty theory to help select an optimal portfolio when security returns behave neither randomly nor fuzzily.
650		0	_aEngineering.
650		0	_aArtificial intelligence.
650	1	4	_aEngineering.
650	2	4	_aComputational Intelligence.
650	2	4	_aArtificial Intelligence (incl. Robotics).
710	2		_aSpringerLink (Online service)
773	0		_tSpringer eBooks
776	0	8	_iPrinted edition: _z9783642112133
830		0	_aStudies in Fuzziness and Soft Computing, _x1434-9922 ; _v250
856	4	0	_uhttp://dx.doi.org/10.1007/978-3-642-11214-0
912			_aZDB-2-ENG
999			_c111811 _d111811