TY - JOUR
T1 - A new axiomatization of portfolio theory
AU - van Santen, Jan P.H.
PY - 1978/2
Y1 - 1978/2
N2 - An axiomatization proposed by Coombs 1974 is shown to be insufficient for the representation of gambles in a risk × expected value space as described by Portfolio Theory. A new axiom system is given which is necessary and sufficient for this representation, and which implies the old axiomatization.
AB - An axiomatization proposed by Coombs 1974 is shown to be insufficient for the representation of gambles in a risk × expected value space as described by Portfolio Theory. A new axiom system is given which is necessary and sufficient for this representation, and which implies the old axiomatization.
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U2 - 10.1016/0022-2496(78)90033-0
DO - 10.1016/0022-2496(78)90033-0
M3 - Article
AN - SCOPUS:0040453387
VL - 17
SP - 14
EP - 20
JO - Journal of Mathematical Psychology
JF - Journal of Mathematical Psychology
SN - 0022-2496
IS - 1
ER -