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Alejandro José Useche Arévalo http://orcid.org/0000-0002-4462-6721

Resumen

En este artículo se presenta una revisión crítica de las principales teoríaspara la selección de portafolios desarrolladas a la luz de las Finanzas delComportamiento, las cuales analizan la influencia de factores emocionalesy psicológicos sobre las decisiones financieras. Luego de contrastar elenfoque tradicional de la Teoría Moderna del Portafolio con los modelosPrimero la Seguridad, Seguridad-Potencial / Aspiración (SP/A), PortafolioComportamental y Portafolio Maslowiano se concluye que la asignaciónóptima del método media-varianza no corresponde con los portafolioshallados bajo supuestos comportamentales. Para futuras investigacionesse aportan elementos conceptuales que permiten determinar los perfilesde los inversionistas, con miras a que las instituciones financieras lesbrinden una mejor asesoría.

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Keywords

teoría del portafolio, finanzas del comportamiento, decisiones de inversión.

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Cómo citar
Useche Arévalo, A. (2015). Construcción de portafolios de inversión desde las finanzas del comportamiento: una revisión crítica. Cuadernos De Administración, 28(51), 11-43. https://doi.org/10.11144/Javeriana.cao28-51.cpif
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