摘要
从风险互抵性和阶段性的不同视角,对投资领域中的风险进行了两种分类。第一种分类甄别出有别于中性风险的单向风险,第二种分类明确了多阶段风险演化的部分马尔科夫性质。文章对几组与风险相关的概念进行了价值层面的辨析,提出了非中性风险条件下"以投资低限为目标的决策分析"和"单向风险补偿定价模型"的构想。
Due to the netting and phasic nature of risks, risks in the investment field can be roughly divided into two categories. The first category is distinctive from unidirectional, subject to a risk-neutral condition; the second category demonstrates the nature of semi-Markov resulting from the evolution of multi-phasic risks. This paper makes cross-sectional analysis of risk-related sets of values and comes up with the conceptions of ＂strategy analysis based on minimum attractive rate of return on investment＂ and ＂pricing model for unidirectional risk compensation＂ under non-risk neutral condition.
出处
《兰州大学学报（社会科学版）》
CSSCI
北大核心
2014年第3期102-110,共9页
Journal of Lanzhou University（Social Sciences）
基金
国家社会科学基金重大项目(11&ZD163)
关键词
不确定性
决策模型
中性风险
单向风险
投资低限
uncertainty
strategic decision model
risk-neutral
unidirectional risk
minimum attractive rate of returnon investment
