Maslowian Portfolio Theory : A Coherent Approach to Strategic Asset Allocation

Written from the perspective of a financial investor, this account supports Behavioral Portfolio Theory, draws attention to the importance of asset-liability matching, and offers a natural framework for investor-adviser dialogue and mathematical portfolio optimization.

In this system, investment goals-and not investor psychology-drive investment advice; ""risk"" depends on the investment objective and may be different in each sub-portfolio.

This comprehensive book presents an extensive overview of existing portfolio theories and behavioral finance, and introduces new theories and its practical applications.