出版社：Asociatia Generala a Economistilor din Romania - AGER
摘要：The present financial crises determines an increase in analysing the application of regime switching over portfolio investments. We applied the switching regimes to measurement of risk as presented in post-modern portfolio management theory. Post-modern portfolio theory include investor’s tendency to measure risk as the chance to obtain from the investment performed a return lower than the minimum expected by him. The investor, as presented by behavioural finance, is more concerned about his emotional satisfaction as result of the investment process than to obtain an optimal mathematical return.
