Publicado Nov 24, 2015


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Alejandro José Useche Arévalo



En este artículo se presenta una revisión crítica de las principales teorías
para la selección de portafolios desarrolladas a la luz de las Finanzas del
Comportamiento, las cuales analizan la influencia de factores emocionales
y psicológicos sobre las decisiones financieras. Luego de contrastar el
enfoque tradicional de la Teoría Moderna del Portafolio con los modelos
Primero la Seguridad, Seguridad-Potencial / Aspiración (SP/A), Portafolio
Comportamental y Portafolio Maslowiano se concluye que la asignación
óptima del método media-varianza no corresponde con los portafolios
hallados bajo supuestos comportamentales. Para futuras investigaciones
se aportan elementos conceptuales que permiten determinar los perfiles
de los inversionistas, con miras a que las instituciones financieras les
brinden una mejor asesoría.


Portfolio theory, behavioral finance, investment decisions.teoría del portafolio, finanzas del comportamiento, decisiones de inversión.teoria do portfólio, finanças comportamentais, decisões de investimento.

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Cómo citar
Useche Arévalo, A. J. (2015). Construcción de portafolios de inversión desde las finanzas del comportamiento: una revisión crítica. Cuadernos De Administración, 28(51), 11-43.

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